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<br />ClTY OF ARDEN HILLS, MINNESOTA -
<br /> ENTERPRlSE FUNDS
<br /> COMBINING BALANCE SHEET .-
<br /> DECEMBER 31, 1999
<br />(With comparative totals for December 31, 1998)
<br /> -
<br /> Water Sewer -
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and temporary investments $ 1,167,755 $ 1,308,721 I
<br />Interest receivable 6,027 7,084
<br />Accounts receivable 235,437 231,506
<br />Special assessments receivable 11,366 11,366 I
<br />Due from other governments
<br />Inventory 10,718
<br />TOTAL CURRENT ASSETS 1,431,303 1,558,677 I
<br />FIXED ASSETS
<br />Furniture and equipment 124,665 361,532 I
<br />Collection and distribution system 5,823,804 4,603,096
<br />TOTAL FIXED ASSETS 5,948,469 4,964,628 -
<br />LESS ACCUMULATED DEPRECIATION (1,397,995) (2,033,575)
<br />TOTAL FIXED ASSETS, NET 4,550,474 2,931,053 ..
<br />TOTAL ASSETS $ 5,981,777 $
<br /> 4,489,730
<br />LIABILITIES AND FUND EQUITY I
<br />LIABILITIES
<br />Accounts payable $ 6,611 $ 8,962 I
<br />Accrued salaries and compensated absences payable 18,328 15,418
<br />Due to other governments 142,250 260
<br />Deferred revenue 10,340 10,340
<br />TOTAL LIABILITIES 177,529 34,980 I
<br />FUND EQUITY I
<br />Contributed capital 4,236,635 2,594,055
<br />Retained earnings
<br />Unreserved 1,567,613 1,860,695 -
<br />TOTAL FUND EQUITY 5,804,248 4,454,750
<br />TOTAL LIABILITIES AND FUND EQUITY $ 5,981,777 $ 4,489,730 I
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<br /> -40- I
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