Sub- Audit Report 2003 (new

MUNICIPAL SUBDISTRICTNORTHERN COLORADO WATER CONSERVANCY DISTRICTComprehensive Annual Financial Report2005September 30, 2005 Berthoud, ColoradoComprehensive Annual Financial ReportMunicipal Subdistrict,Northern Colorado Water Conservancy DistrictBerthoud, ColoradoIssued By:The Municipal Subdistrict with the assistance of John Budde, CPASeptember 30, 2005Front Cover:Windy Gap Reservoir Comprehensive Annual Financial Report, September 30, 2005Table of ContentsIntroductory Section PageLetter of Transmittal i-iiSubdistrict Officials iiiOrganizational Chart ivCertificate of Achievement for Excellence in Financial Reporting vFinancial SectionIndependent Auditors’ Report 1Management’s Discussion and Analysis 2-4Basic Financial StatementsStatement of Net Assets 6-7Statement of Revenues, Expenses and Change in Fund Net Assets 8Statement of Cash Flows 9Notes to Financial Statements 10-16Supplemental Information -- FinancialSchedule of Revenues and Expenses -- Budget to Actual - Windy Gap Water Activity 18Schedule of Operating and Nonoperating Revenues -- Budget to Actual - Windy Gap Water Activity 19Scating Expenses -- Budget to Actual - Windy Gap Water Activity 20-22Schedule of Capital Outlay and Debt Service -- Budget to Actual - Windy Gap Water Activity 23Schedule of Changes in Revenue Bonds, Restricted Assets and Cash Balances - Windy Gap Water Activity 24-25Schedule of Bond Retirements and Interest Payable - Windy Gap Water ...