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CITY OF CENTERVILLE, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2010
<br />101300's
<br />Debt
<br />GeneralService
<br />ASSETS
<br />Cash and temporary investments$ 1,608,058$ 2,425,903
<br />Receivables
<br />Accrued interest 15,122 -
<br />Delinquent taxes 104,674 3,209
<br />Accounts 11,366 8,593
<br />Special assessments 100,918 2,073,052
<br />Due from other governments 18,735 -
<br />Prepaid items 5,213 6,151
<br />TOTAL ASSETS$ 1,864,086$ 4,516,908
<br />LIABILITIES AND FUND BALANCES (DEFICITS)
<br />LIABILITIES
<br />Accounts payable$ 126,444$ -
<br />Accrued salaries payable 26,203 -
<br />Advances from other funds 448,828 371,334
<br />Due to other governments 114 -
<br />Contracts payable - -
<br />Deferred revenue 194,086 2,042,893
<br />TOTAL LIABILITIES 795,675 2,414,227
<br />FUND BALANCES (DEFICITS)
<br />Reserved for
<br />Debt service - 2,096,530
<br />Prepaid items 5,213 6,151
<br />Unreserved
<br />Designated for, reported in the General fund
<br />Working capital 1,063,198 -
<br />Undesignated, reported in
<br />Special revenue funds - -
<br />Capital projects funds - -
<br />TOTAL FUND BALANCES (DEFICITS) 1,068,411 2,102,681
<br />TOTAL LIABILITIES AND FUND BALANCES (DEFICITS)$ 1,864,086$ 4,516,908
<br />The notes to the financial statements are an integral part of this statement.
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