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<br />BALANCE SHEET _ GENERAL FUND
<br />SOUTHEASTERN COLORADO WATER CONSERVANCY DISTRICT
<br />
<br />December 31,1975
<br />
<br />!
<br />Statement of ReveTL~~es and Expenditures
<br />GENERAL FUND
<br />December 31,1975
<br />
<br />Assets
<br />
<br />CURRENT ASSETS
<br />Cash $
<br />Ca!3h in savings a.ccounts - regular
<br />Cash in savings accQunt-retirement account
<br />Receivables from counties
<br />U.S. Treasury Bills - at cost
<br />(maturity value $2.510,000 in 1975
<br />Accrued interest receivable -
<br />U.S. Treasury Bills
<br />Prepaid insurance
<br />Accounts receivable
<br />
<br />54,242
<br />8,077
<br />5,998
<br />1,897
<br />
<br />2,431,000
<br />
<br />o
<br />'->
<br />""'"
<br />ClO
<br />toe
<br />~
<br />
<br />36,741
<br />972
<br />1,692
<br />$2,540,619
<br />
<br />REVENUES
<br />Counties -
<br />General property tax and interest -
<br />Specific ownership lax
<br />Total Counties
<br />
<br />Interest
<br />Sale of project water
<br />Miscella.neous
<br />TOTAL REVENUES
<br />EXPENDITURES
<br />Legal
<br />Engineering
<br />River administration and education
<br />Legislation and public relations
<br />Capital outlay
<br />Administration
<br />Collection costs paid to countie~
<br />Purchase of project water
<br />Repayment of contract obligations
<br />TOTAL EXPENDITURES
<br />EXCESS OF REVENUES
<br />OVER EXPENDITURES
<br />
<br />Liabilities
<br />
<br />CURRENT LIABILITIES
<br />
<br />Accounts payable
<br />Contracts payable
<br />Payroll deductions-
<br />Colorado income tax
<br />United Fund of Pueblo, Inc.
<br />TOTAL CURRENT L1ABlLlTlES
<br />FUND BALANCE - NOTE C
<br />
<br />f
<br />
<br />1975
<br />Actual
<br />S 414.163
<br />30,181
<br />S 444,344
<br />150.401
<br />160,835
<br />714
<br />S 756.294
<br />
<br />S 44,215
<br />44,320
<br />12.267
<br />8.609
<br />3.037
<br />81.093
<br />6.350
<br />120,000
<br />205,607
<br />S 525,498
<br />
<br />S 230,796
<br />
<br />1975
<br />Budget
<br />S 351.003
<br />45.538
<br />, 396,541
<br />150,000
<br />123,000
<br />
<br />1976
<br />Budget
<br />S 456.500
<br />55,500
<br />S 512.000
<br />200,000
<br />163.200
<br />
<br />S 875,200
<br />S 55,000
<br />70.000
<br />15,000
<br />20,000
<br />12.500
<br />128,265
<br />7,500
<br />120,000
<br />S 235.000
<br />S 663.765
<br />S 211,435
<br />
<br />$ 20,335
<br />
<br />435
<br />...M.
<br />$ 20,806
<br />2,519,813
<br />
<br />$2,540,619
<br />
<br />NOTE A - SIGNIFICANT ACCOUNTING POLICIES
<br />Revenue and expenditures are recorded on the accrual basis. Depreciation is not provided on the general fixed
<br />assets.
<br />
<br />NOTE C - FUND BALANCE
<br />
<br />In accordance with provisions of the budget, the
<br />fund balance has been allocated as follows:
<br />
<br />ALLOCATED FUND BALANCE -
<br />Working Capilal Fund. General Fund
<br />Acquisition of Water Rights
<br />Acquisition of Rights of Way
<br />Repayment of Contract Obligations
<br />(Debt Service)
<br />Total Allocated Fund Balance
<br />U nallocated Fund Balance
<br />TOTAL FUND BALANCE
<br />
<br />1975
<br />25,000
<br />200,000
<br />150,000
<br />
<br />1,885,357
<br />$2,260,357
<br />259,456
<br />$2,519,813
<br />
<br />13
<br />
<br />S 669,541
<br />
<br />S 55.000
<br />70.000
<br />15,500
<br />20.000
<br />12.500
<br />112,727
<br />6,500
<br />96,000
<br />_205.607
<br />S 593,834
<br />S 75,707
<br />
<br />NOTE D - GENERAL PROPERTY TAX
<br />General property tax. collections from the mill
<br />levy and the budget are as follows:
<br />Prior year collections - $366,726 less
<br />interesl of $622 for 1975; $317,416 1975 1974
<br />less interest of $612 for 1974 $336,064 $316,804
<br />Amount per budget for current year $351,003 $344,121
<br />Actual collections in current year -
<br />$414,163 less interest of $880 for 1975;
<br />$366,726 less interest
<br />of $662 for 1974 $413,283 $366,064
<br />Approval by the Division of Local Government for the
<br />1975 budget amount of $351,003 was not received.
<br />
<br />14
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