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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />DECEMBER 31, 2009
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />ASSETS
<br />Cash and temporary investments$4,725,055$2,276,647$7,001,702
<br />Cash with fiscal agent2,418,940-2,418,940
<br />Receivables
<br />Accrued interest18,447-18,447
<br />Delinquent taxes96,540-96,540
<br />Accounts158,201180,756338,957
<br />Special assessments2,812,078138,0962,950,174
<br />Due from other governments14,334-14,334
<br />Internal balances(1,087,167)1,087,167-
<br />Inventories-3,4693,469
<br />Prepaid items13,01615,21728,233
<br />Deferred charges168,951-168,951
<br />Capital assets not being depreciated7,722,874186,0007,908,874
<br />Capital assets net of accumulated depreciation8,106,2417,316,88915,423,130
<br />TOTAL ASSETS25,167,51011,204,24136,371,751
<br />LIABILITIES
<br />Accounts payable179,1402,250181,390
<br />Accrued salaries payable26,4186,80333,221
<br />Contracts payable145,817-145,817
<br />Due to other governments-817817
<br />Accrued interest payable149,776-149,776
<br />Deposits payable52,70035653,056
<br />Unearned revenue-249,500249,500
<br />Noncurrent liabilities
<br />Due within one year
<br />Compensated absences payable33,85911,96745,826
<br />Bonds payable2,882,104-2,882,104
<br />Due in more than one year
<br />Other postemployment benefits payable14,7684,66419,432
<br />Bonds payable10,809,439-10,809,439
<br />TOTAL LIABILITIES14,294,021276,35714,570,378
<br />NET ASSETS
<br />Invested in capital assets, net of related debt4,725,4637,502,88912,228,352
<br />Restricted for
<br />Future expansion-71,63171,631
<br />Debt service3,887,817-3,887,817
<br />Unrestricted 2,260,2093,353,3645,613,573
<br />TOTAL NET ASSETS$10,873,489$10,927,884$21,801,373
<br />The notes to the financial statements are an integral part of this statement.
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