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CITY OFCENTERVILLE, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />DECEMBER 31, 2011
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />Governmental
<br />Business -type
<br />Restricted for
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />Cable TV
<br />25,453
<br />- 25,453
<br />Cash and temporary investments
<br />$ 3,456,964
<br />$ 1,417,720
<br />$ 4,874,684
<br />Receivables
<br />$ 10,581,305 $ 21,675,689
<br />Accrued interest
<br />17,367
<br />-
<br />17,367
<br />Delinquent takes
<br />98,684
<br />-
<br />98,684
<br />Accounts
<br />50,975
<br />193,204
<br />244,179
<br />Special assessments
<br />1,865,277
<br />134,248
<br />1,999,525
<br />Due from other governments
<br />25,129
<br />-
<br />25,129
<br />Internal balances
<br />(1,940,776)
<br />1,940,776
<br />-
<br />Inventories
<br />-
<br />3,290
<br />3,290
<br />Prepaid items
<br />50,706
<br />17,910
<br />68,616
<br />Deferred charges
<br />178,177
<br />-
<br />178,177
<br />Capital assets not being depreciated
<br />4,699,219
<br />196,255
<br />4,895,474
<br />Capital assets net of accumulated depreciation
<br />12,313,326
<br />6,717,491
<br />19,030,817
<br />TOTAL ASSETS
<br />20,815,048
<br />10,620,894
<br />31,435,942
<br />LIABILITIES
<br />Accounts payable
<br />68,775
<br />3,445
<br />72,220
<br />Accrued salaries payable
<br />20,604
<br />7,057
<br />27,661
<br />Contracts payable
<br />79,823
<br />9,626
<br />89,449
<br />Due to other governments
<br />400
<br />5,193
<br />5,593
<br />Accrued interest payable
<br />130,394
<br />-
<br />130,394
<br />Deposits payable
<br />57,100
<br />-
<br />57,100
<br />Noncurrent liabilities- due withi n one year
<br />Compensated absences payable
<br />33,186
<br />11,027
<br />44,213
<br />Bonds payable
<br />545,604
<br />-
<br />545,604
<br />Noncurrent liabilities- due in more than one year
<br />Compensated absences payable
<br />4,797
<br />3,241
<br />8,038
<br />Bonds payable
<br />8,779,981
<br />-
<br />8,779,981
<br />TOTAL LIABILITIES
<br />9,720,664
<br />39,589
<br />9,760,253
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />7,686,960
<br />6,913,746 14,600,706
<br />Restricted for
<br />Debt service
<br />2,925,802
<br />- 2,925,802
<br />Cable TV
<br />25,453
<br />- 25,453
<br />Unrestricted
<br />456,169
<br />3,595,928 4,052,097
<br />TOTAL NET ASSETS
<br />$ 11,094,384
<br />$ 10,581,305 $ 21,675,689
<br />The notes to the financial statements are an integral part of this statement.
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