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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2013
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />ASSETS
<br />Cash and temporary investments$ 3,840,485$ 2,287,146$ 6,127,631
<br />Receivables
<br />Accrued interest9,518-9,518
<br />Taxes95,090-95,090
<br />Accounts11,006232,883243,889
<br />Special assessments1,472,371508,4911,980,862
<br />Due from other governments60,572-60,572
<br />Internal balances(1,124,937)1,124,937-
<br />Inventories-4,7694,769
<br />Prepaid items30,22916,32846,557
<br />Capital assets
<br />Land and construction and progress4,566,257426,6384,992,895
<br />Depreciable assets (net of accumulated depreciation)11,653,9576,425,49918,079,456
<br />TOTAL ASSETS20,614,54811,026,69131,641,239
<br />LIABILITIES
<br />Accounts and contracts payable131,5489,173140,721
<br />Accrued salaries payable3,5941,0814,675
<br />Due to other governments3,3075,7199,026
<br />Accrued interest payable131,682-131,682
<br />Deposits payable66,307-66,307
<br />Noncurrent liabilities
<br />Due within one year887,03612,979900,015
<br />Due in more than one year8,699,8952,7368,702,631
<br />TOTAL LIABILITIES9,923,36931,6889,955,057
<br />NET POSITION
<br />Net investment in capital assets6,907,3846,852,13713,759,521
<br />Restricted for
<br />Future expansion-71,63171,631
<br />Debt service3,140,853-3,140,853
<br />Capital projects237,170-237,170
<br />Cable TV15,061-15,061
<br />Unrestricted 390,7114,071,2354,461,946
<br />TOTAL NET POSITION$10,691,179$10,995,003$21,686,182
<br />The notes to the financial statements are an integral part of this statement.
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