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Management's Discussion and Analysis w Continued
<br />April 6, 2010
<br />C.AP.~TAL A,S~ETS
<br />The Utilities' investment in capital assets for its business-type activities as of December 31, 2009, amounts to $51,626,923 net of
<br />accumulated depreciation), This investment in capital assets includes land, buildings and improvements and equipment. A table
<br />summarising the balances by fund follows:
<br /> Increase
<br /> 2009 2008 Decrease)
<br />Land $ 281,775 $ 281,775 $
<br />Land improvements 23,949 26,476 (2,527}
<br />Buildings 2,401,664 2,448,930 (67,266)
<br />Equipment and machinery 1,159,559 1,23 $,520 (79,261 }
<br />Infrastructure 47,675,328 49,124,458 X1,449,130}
<br />Construction in progress 54,648 195,Ga5 110,957}
<br />Total $ 51,626,923 $ 53 336 064 _ $ • ~170~,141}
<br />The total decrease in the Utilities' investment in capital assets for the current fiscal year was 3.2 percent.
<br />Maj or capital asset events during the current fiscal year included the following;
<br />The depreciation increase for this year offset the smaller increase in assets, resulting in an actual decrease in capital
<br />assets,
<br />Tlae decrease in construction resulted in fewer assets being added, only $1.2 million.
<br />Accumulated depreciation far the year, however, increased $2, 8 million.
<br />Additional information on the Utilities' capital assets can be found in Note 2B start on page 37 of this report.
<br />L®NG-TERM DEBT
<br />At year end, the Utilities had $17,455,814 hr longterm debt down from $18,439,132 in fiscal 200$, More detailed information
<br />about the Utilities' longterm liabilities is presented in the Notes to the Financial Statements on pages 39 ~ 41 and below;
<br />G, ~. revenue bonds
<br />Revenue bonds
<br />Promissory note
<br />Compensated absences payable
<br />OPEB liability
<br />Total
<br /> Increase
<br />2009 2008 Decrease}
<br />$ 5,185,000 $ 8,660,000 $ X475,000}
<br />6,520,000 6,$40,000 X280,000}
<br />2,524,646 2,701,994 X177,348)
<br />235,925 2GG,925 X31,000}
<br />20,243 10,213 10,030
<br />$ 17,485,514 $ 18,439,132 $ 953,315}
<br />~15~
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