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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2012
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />ASSETS
<br />Cash and temporary investments$ 3,328,386$ 2,324,570$ 5,652,956
<br />Cash with fiscal agent 509,210 - 509,210
<br />Receivables
<br />Accrued interest 13,213 - 13,213
<br />Delinquent taxes 70,238 - 70,238
<br />Accounts 4,098 206,741 210,839
<br />Special assessments 1,645,570 127,388 1,772,958
<br />Due from other governments 59,452 - 59,452
<br />Internal balances (1,490,870) 1,490,870 -
<br />Inventories - 9,960 9,960
<br />Prepaid items 30,461 16,137 46,598
<br />Capital assets not being depreciated 3,337,023 196,255 3,533,278
<br />Capital assets net of accumulated depreciation 12,568,974 6,676,422 19,245,396
<br />TOTAL ASSETS 20,075,755 11,048,343 31,124,098
<br />LIABILITIES
<br />Accounts payable 98,720 5,134 103,854
<br />Accrued salaries payable 18,709 7,021 25,730
<br />Contracts payable 70,690 - 70,690
<br />Due to other governments 10,115 54,371 64,486
<br />Accrued interest payable 114,783 - 114,783
<br />Deposits payable 61,107 - 61,107
<br />Noncurrent liabilities
<br />Due within one year 1,260,581 13,102 1,273,683
<br />Due in more than one year 8,066,704 - 8,066,704
<br />TOTAL LIABILITIES 9,701,409 79,628 9,781,037
<br />NET POSITION
<br />Net investment in capital assets 7,126,016 6,872,677 13,998,693
<br />Restricted for
<br />Future expansion - 71,631 71,631
<br />Debt service 2,945,918 - 2,945,918
<br />Cable TV 20,126 - 20,126
<br />Unrestricted 282,286 4,024,407 4,306,693
<br />TOTAL NET POSITION$ 10,374,346$ 10,968,715$ 21,343,061
<br />The notes to the financial statements are an integral part of this statement.
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