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CITY OF CENTERVILLE, MINNESOTA
<br /> STATEMENTS OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31, 2012 AND 2011
<br /> Business -type Activities - Enterprise Funds
<br /> 601 602
<br /> Water Sewer
<br /> 2012 2011 2012 2011
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 1,288,411 $ 1,074,848 $ 905,212 $ 222,280
<br /> Receivables
<br /> Accounts 72,549 72,906 109,385 99,407
<br /> Special assessments 10,385 9,212 1 63
<br /> Advances to other funds - - 1,579,520 2,050,776
<br /> Inventories 9,960 3,290 - -
<br /> Prepaid items - 1,301 16,137 16,609
<br /> TOTAL CURRENT ASSETS 1,381,305 1,161,557 2,610,255 2,389,135
<br /> NONCURRENT ASSETS
<br /> Special assessments receivable 62,839 72,565 54,163 52,408
<br /> Capital assets
<br /> Land 72,255 72,255 124,000 124,000
<br /> Buildings 138,000 138,000 276,000 276,000
<br /> Infrastructure 4,966,142 4,966,142 3,442,483 3,442,483
<br /> Machinery and equipment 269,367 243,626 96,742 96,742
<br /> Less accumulated depreciation (1,788,769) (1,602,132) (1,538,111) (1,419,374)
<br /> Net capital assets 3,656,995 3,817,891 2,401,114 2,519,851
<br /> TOTAL NONCURRENT ASSETS 3,719,834 3,890,456 2,455,277 2,572,259
<br /> TOTAL ASSETS 5,101,139 5,052,013 5,065,532 4,961,394
<br /> LIABILITIES
<br /> CURRENT LIABILITIES
<br /> Accounts payable 4,407 3,135 647 310
<br /> Contracts payable - _ _ _
<br /> Accrued salaries payable 2,848 2,881 2,848 2,881
<br /> Due to other governments 778 54,371 4,415
<br /> Compensated absences payable 5,458 5,796 5,458 5,796
<br /> TOTAL CURRENT LIABILITIES 12,713 12,590 63,324 13,402
<br /> NONCURRENT LIABILITIES
<br /> Advances from other funds _ _ _ _
<br /> TOTAL LIABILITIES 12,713 12,590 63,324 13,402
<br /> NET POSITION
<br /> Net investment in capital assets 3,656,995 3,817,891 2,401,114 2,519,851
<br /> Restricted for future expansion - - 71,631 71,631
<br /> Unrestricted 1,431,431 1,221,532 2,529,463 2,356,510
<br /> TOTAL NET POSITION $ 5,088,426 $ 5,039,423 $ 5,002,208 $ 4,947,992
<br /> The notes to the financial statements are an integral part of this statement.
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