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<br /> CIlY OF ARDEN HILLS, MINNESOTA [1
<br /> NONMAJOR PROPRIETARY FUNDS ti
<br /> COMBINING STATEMENT OF NET ASSETS
<br /> DECEMBER 31, 2004
<br /> Total fl
<br /> Surface Nonmajor
<br /> Water Proprietary
<br /> Recycling Management Funds n
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and cash equivalents $ 23,854 $ 139,911 $ 163,765 f1
<br />Receivables
<br />Interest 631 631
<br />Accounts 23,291 23,291 n
<br />Special assessments 76,965 76,965
<br />TOTAL CURRENT ASSETS 100,819 163,833 264,652 [}
<br />NONCURRENT ASSETS
<br />Capital Assets U
<br />Machinery and eqnipment 50,820 50,820
<br />Construction in progress 672,048 672,048
<br />Infrastructure 148,442 148,442
<br />Less accumulated depreciation (54,239) (54,239) []
<br />TOTAL NONCURRENT ASSETS 817,071 817'071~
<br />TOTAL ASSETS 100,819 980,904
<br /> 1,081,723 J
<br />LIABIl1TIES U
<br />CURRENT LIABILITIES
<br />Accounts payable 5,530 660 6,190
<br />Accrued salaries payable 144 1,482 1,626 U
<br />Compensated absences 568 7,332 7,900
<br />TOTAL CURRENT LIABILITIES 6,242 9,474 15,716
<br />NONCURRENT LIABILITIES U
<br />Compensated absences 189 2,444 2,633
<br />TOTAL LIABILITIES 6,431 11,918 18,349 U
<br />NET ASSETS 1I
<br />Invested in capital assets, net of related debt 817,071 817,071
<br />Umestricted 94,388 151,915 246,303
<br />TOTAL NET ASSETS $ 94,388 $ 968,986 $ 1,063,374 11
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