CAPITAL ASSET AND DEBT ADMINISTRATION

Capital Assets

At the end of 2006, the SWCD had $488.37 invested in a range of capital assets, including

(District vehicle, computers, office furniture, cameras, tree planter, interseeder, and

miscellaneous items etc). The amount in table 4 below shows a net decrease, (including

additions and deductions) of $71.65 over last year.

Table 4

Capital Assets at Year-end

Governmental

Activities

2006 2005

Equipment

$488.37

The SWCD's fiscal-year 2007 capital budget does not include any plans for capital outlays. The

SWCD has no plans to issue additional debt to finance any new projects. More detailed

information about the SWCD's capital assets is presented in the Notes to the Financial

Statements.

Long- Term Liabilities

Long- Term Liabilities other obligations include accrued vacation pay and sick leave. More

detailed information about the SWCD's long-term liabilities is presented in the Notes to the

Financial Statements.

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ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES

The SWCD's elected officials considered many factors when setting the fiscal-year 2006 budget,

they take into consideration the cost increases in product, rent, salaries, and fees, etc. for the new

year. .

CONTACTING THE SWCD'S FINANCIAL MANAGEMENT

This financial report is designed to provide the citizens of Mille Lacs County and the State of

Minnesota with a general overview of the SWCD's finances and to show the SWCD's

accountability for the money it receives. If you have questions about this report or need

additional financial information, contact the SWCD's District Manager, Susan Shaw at 320-983-

2160.

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