|
CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENTS OF NET ASSETS
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2010 AND 2009
<br />Business-type Activities - Enterprise Funds
<br />601602
<br />WaterSewer
<br />2010200920102009
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and temporary investments$ 961,881$ 663,584$ 169,273$ 1,046,290
<br />Receivables
<br />Accounts 70,995 68,393 94,349 94,151
<br />Special assessments
<br />Current 158 - 158 -
<br />Delinquent 6,124 4,438 - 689
<br />Advances to other funds - - 2,038,474 1,087,167
<br />Inventories 3,411 3,469 - -
<br />Prepaid items - - 16,323 15,217
<br />TOTAL CURRENT ASSETS 1,042,569 739,884 2,318,577 2,243,514
<br />NONCURRENT ASSETS
<br />Special assessments receivable - deferred 85,639 83,851 52,303 49,118
<br />Capital assets
<br />Land 72,255 62,000 124,000 124,000
<br />Buildings 138,000 138,000 276,000 276,000
<br />Infrastructure 4,966,141 4,966,141 3,442,482 3,442,482
<br />Machinery and equipment 187,200 191,118 96,742 98,099
<br />Less accumulated depreciation (1,420,254) (1,243,846) (1,300,445) (1,182,877)
<br />Net capital assets 3,943,342 4,113,413 2,638,779 2,757,704
<br />TOTAL NONCURRENT ASSETS 4,028,981 4,197,264 2,691,082 2,806,822
<br /> 5,050,336
<br />TOTAL ASSETS 5,071,550 4,937,148 5,009,659
<br />LIABILITIES
<br />CURRENT LIABILITIES
<br />Accounts payable 1,228 1,484 466 227
<br />Accrued salaries payable 3,380 3,145 3,380 3,145
<br />Due to other governments 959 817 2,079 -
<br />Compensated absences payable 6,348 5,429 6,348 5,429
<br />Unearned revenue - - - -
<br />TOTAL CURRENT LIABILITIES 11,915 10,875 12,273 8,801
<br />NONCURRENT LIABILITIES
<br />Advances from other funds - - - -
<br />Other postemployment benefits payable - 2,332 - 2,332
<br />TOTAL NONCURRENT LIABILITIES - 2,332 - 2,332
<br />TOTAL LIABILITIES 11,915 13,207 12,273 11,133
<br />NET ASSETS
<br />Invested in capital assets 3,943,342 4,113,413 2,638,779 2,757,704
<br />Restricted for future expansion - - 71,631 71,631
<br />Unrestricted 1,116,293 810,528 2,286,976 2,209,868
<br />TOTAL NET ASSETS$ 5,059,635$ 4,923,941$ 4,997,386$ 5,039,203
<br />The notes to the financial statements are an integral part of this statement.
<br />-40-
<br />
<br />
|