|
<br /> 11
<br />CITY OF ARDEN HILLS, MINNESOTA 1\
<br /> STATEMENT OF NET ASSETS
<br /> PROPRIETARY FUNDS ti
<br /> DECEMBER 31,2004
<br /> Other n
<br /> Nonmajor Total
<br /> Propri etary Proprietary
<br /> Water Sewer Funds Funds U
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and cash equivalents $ 1,104,910 $ 620,489 $ 163,765 $ 1,889,164 n
<br />Receivables
<br />Interest 4,258 3,522 631 8,411
<br />Accounts 113,477 119,587 23,291 256,355
<br />Special assessments 12,438 12,438 76,965 101,841 II
<br />Inventory 11,606 11,606
<br />Prepaid items 715 715 1,430
<br />TOTAL CURRENT ASSETS 1,247,404 756,75] 264,652 2,268,807 fI
<br />NONCURRENT ASSETS U
<br />Capital assets
<br />Buildings 2,220 ],950 4,170
<br />Machinery and equipment 323,032 610,453 50,820 984,305 [ ~
<br />Construction in progress 178,724 195,657 672,048 1,046,429
<br />Infrastructure 6,512,929 5,229,184 148,442 11,890,555
<br />Less accumulated depreciation (1,880,442) (2,545,801 ) (54,239) (4,480,482
<br />TOTAL NONCURRENT ASSETS 5,136,463 3,491,443 817,071 9,444,977
<br />TOTAL ASSETS 6,383,867 4,248,194 1,081,723 11,713,784 11
<br /> J
<br />LIABILITIES
<br />CURRENT LIABILITIES !l
<br />Accounts payable 18,947 17,997 6,190 43,134
<br />Due to other governments 139,870 139,870
<br />Accrued salaries payable 3,496 4,275 1,626 9,397 II
<br />Compensated absences 14,374 17,335 7,900 39,609
<br />TOTAL CURRENT LIABILITIES 176,687 39,607 15,716 232,010
<br />NONCURRENT LIABILITIES I;
<br />Compensated absences 4,791 5,779 2,633 13,203
<br />TOTAL LIABILITIES 181,478 45,386 18,349 245,213 I:
<br />NET ASSETS I
<br />Invested in capital assets, net ofre1ated debt 5,136,463 3,491,443 817,071 9,444,977
<br />Unrestricted 1,065,926 711,365 246,303 2,023,594 I
<br />TOTAL NET ASSETS $ 6,202,389 $ 4,202,808 $ J,063,374 $ 11,468,57l
<br /> .'
<br /> ,
<br />The notes to the financial statements aTe an integral part of this statement. ~ ,
<br /> -14-
<br />
<br />
|