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<br /> CITY OF ARDEN HILLS, MINNESOTA I
<br /> ENTERPRlSE FUNDS I
<br /> COMBINING BALANCE SHEET
<br /> DECEMBER 31,1997 .
<br /> (With comparative totals for December 31, 1996)
<br /> I
<br /> Water Sewer
<br /> ASSETS I
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 791,768 $ 1,004,225
<br /> Interest receivable 8,426 10,476 I
<br /> Accounts receivable 238,896 250,822
<br /> Special assessments receivable ]6,338 14,367
<br /> Due from other governments - 5,000 I
<br /> Inventory 2,777
<br /> Prepaids items 218 147
<br /> - I
<br /> TOTAL CURRENT ASSETS 1,058,423 1,285,037
<br /> FIXED ASSETS I
<br /> Furniture and equipment ] 23,554 385,505
<br /> Collection and distribution system 5,691,462 3,954,713
<br /> TOTAL FIXED ASSETS 5,815,016 4,340,218 I
<br /> LESS ACCUMULATED DEPRECIA nON (1,246,943) (1,875,028)
<br /> TOTAL FIXED ASSETS, NET 4,568,073 2,465,19. I
<br /> TOTAL ASSETS $ 5,626,496 $ 3,750,227 I
<br /> LIABILITIES AND FUND EQUITY
<br /> LIABILITIES I
<br /> Accounts payable $ 9,784 $ 5,894
<br /> Accrued salaries and compensated absences payable 13,605 10,585
<br /> Due to other governments 110,175 I
<br /> Deferred revenue 14,367 14,367
<br /> TOTAL LIABILITIES 147,931 30,846
<br /> FUND EQUITY I
<br /> Contributed capital 4,217,879 2,326,265
<br /> Retained earnings I
<br /> Unreserved 1,260,686 1,393,116
<br /> TOTAL FUND EQUITY 5,478,565 3,719,38] I
<br /> TOTAL LIABILITIES AND FUND EQUITY $ 5,626,496 $ 3,750,227
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<br /> -35- I
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