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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 />
<br />WaterSewer
<br />2012201120122011
<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 assets3,656,9953,817,8912,401,1142,519,851
<br />Restricted for future expansion--71,63171,631
<br />Unrestricted1,431,4311,221,5322,529,4632,356,510
<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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