DONALA WATER & SANITATION DISTRICT

TAXPAYERS’ REPORT – 2011  

The following is the 2011 Taxpayers’ “Good Shepherd” Report of the Donala Water and Sanitation District.  The report is aimed at the taxpayers of the District, and is a summary and forecast of the collection and use of tax funds and related incomes of the District.  The intent is to ensure the taxpayers that the District is properly handling their money, and managing the funds properly.  The “Pending and Expected Expenses” are rough estimates that will be refined and published as they become known.  If there are any questions or comments, taxpayers are invited to contact the General Manager at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 488-3603.

Collections

Property Taxes Collected (2011)                                                           $1,216,620 

MV/SO Taxes Collected                                                                       $   107,040 

Note:  A portion of the auto/luxury tax, as determined by El Paso County.  Used to offset O&M expenses

Availability of Service Fees (AVS) Collected                                             $     7,800

Note:  A fee charged to empty lots or homes under construction, where user fees are not yet applicable.  Can only be used for debt service.

Large Expenses

Willow Creek Ranch Water Expenses                                                     $ 1,371,331 

Debt Service

Colorado Water & Power Authority Loan Payments                                  $   491,228                   

     Note:  To finance current expansion of wastewater plant

Escrowed Funds for Long Range Projects

 From tap fees and excess rate, income after O&M expenses                    $1,428,512 

Invested Funds

 With Davidson Fixed Income Investments                                             $3,189,266

 Debt Authorized from May, 2010 Tabor Election

 Used                                                                                                None

Balance Authorized                                                                          $20 Million

Pending and Expected Expense

Pipeline, pump and distribution upgrades to move maximum water

from CSU through Donala's system.                                                     $6.3 Million