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<br />CITY OF ARDEN HILLS, MIN1\TESOTA
<br /> STATEMENTS OF NET ASSETS
<br /> PROPRIETARY tS
<br /> DECEMBER 31, 2005 D 2004 .
<br /> I
<br /> 21}o4
<br />ASSETS J
<br />CURREN! ASSETS
<br />Cash and cash equivalents (deficits) $ $ ],104,910 $ 422,764 $ 620,489
<br />Receivables
<br />Interest 4,186 4,258 429 3,522
<br />Accounts ]40,995 ]] 3,477 165,151 119,587
<br />Special assessments 14,066 12,438 14,066 12,438
<br />Inventory 12,418 1 ],606
<br />Prepaid items 715 715
<br />TOTAL CURRENT ASSETS ],160,423 1,247,404 602,410 756,751
<br />NONCURRENT ASSETS
<br />Capital assets
<br />Buildings 2,220 2,220 1,950 1,950
<br />Machinery and equipment 368,452 323,032 655,874 610,453
<br />Construction in progress 269,048 178,724 326,072 ] 95,657
<br />Infrastructure 6,717,361 6,512,929 5,426,393 5,229,184
<br />Less accumulated depreciation (2,038,951 ) (1,880,442) (2,669,026) (2,545,80 I)
<br />TOTAL NONCURRENT ASSETS 5,318,130 5,136,463 3,741,263 3,491,443 .
<br />TOTAL ASSETS 6,478,5:;3 6,383,867 4,343,673 4,248,]94
<br />LiABILITIES
<br />CURRENT LIABILITIES
<br />Accounts payable 170,391 18,947 156,773 17,997
<br />Due to other governments 228,006 139,870
<br />Accrued salaries payable 3,347 3,496 3,561 4,275
<br />Current portion of compensated absences payable 17,363 14,374 19,548 17,335
<br />TOTAL CURRENT LIAIlILITIES 419,107 176,687 ] 79,882 39,607
<br />NONCURRENT LIABILITIES
<br />Compensated absences payable 5,788 4,791 6,5]6 5,779
<br />TOTAL LIABILlTlES 424,895 18],478 186.398 45,386
<br />NET ASSETS
<br />Invested in capital assets 5,318,130 5,136,463 3,741,263 3,491,443
<br />Unrestricted 735,528 1,065,926 416,012 711,365
<br />TOTAL NET ASSETS $ 6,053,658 $ 6,202,389 $ 4,] 57,275 $ 4,202,808
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<br />The notes to the financial statements are an integral part ofth1S statement
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