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CITY OF CENTERVILLE,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2014
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Cash and temporary investments $ 3,810,172 $ 2,355,478 $ 6,165,650
<br /> Receivables
<br /> Accrued interest 5,480 3,416 8,896
<br /> Taxes 54,081 - 54,081
<br /> Accounts 3,871 157,565 161,436
<br /> Special assessments 1,322,675 659,264 1,981,939
<br /> Due from other governments 31,886 - 31,886
<br /> Internal balances (1,141,811) 1,141,811 -
<br /> Inventories - 4,731 4,731
<br /> Prepaid items 25,069 76 25,145
<br /> Capital assets
<br /> Land and construction and progress 4,499,379 905,780 5,405,159
<br /> Depreciable assets(net of accumulated depreciation) 11,116,958 6,136,632 17,253,590
<br /> TOTAL ASSETS 19,727,760 11,364,753 31,092,513
<br /> LIABILITIES
<br /> Accounts and contracts payable 113,685 12,611 126,296
<br /> Accrued salaries payable 24,974 1,656 26,630
<br /> Due to other governments 8,348 11,191 19,539
<br /> Accrued interest payable 119,829 - 119,829
<br /> Deposits payable 109,807 - 109,807
<br /> Noncurrent liabilities
<br /> Due within one year 908,373 15,610 923,983
<br /> Due in more than one year 7,820,605 1,077 7,821,682
<br /> TOTAL LIABILITIES 9,105,621 42,145 9,147,766
<br /> NET POSITION
<br /> Net investment in capital assets 6,921,337 7,042,412 13,963,749
<br /> Restricted for
<br /> Debt service 2,969,448 - 2,969,448
<br /> Street projects 165,065 165,065
<br /> Cable TV 20,403 - 20,403
<br /> Unrestricted 545,886 4,280,196 4,826,082
<br /> TOTAL NET POSITION $ 10,622,139 $ 11,322,608 $ 21,944,747
<br /> The notes to the financial statements are an integral part of this statement.
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