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CITY OF CENTERVILLE,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31,2014
<br /> Business-type Activities-Enterprise Funds
<br /> 601 602 603
<br /> Nonmaj or
<br /> Water Sewer Storm Water Totals
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 1,093,699 $ 1,172,992 $ 88,787 $ 2,355,478
<br /> Receivables
<br /> Accrued interest 1,596 1,692 128 3,416
<br /> Accounts 50,445 83,708 23,412 157,565
<br /> Special assessments 5,362 - - 5,362
<br /> Due from other funds - 88,935 - 88,935
<br /> Inventories 4,731 - - 4,731
<br /> Prepaid items 38 38 - 76
<br /> TOTAL CURRENT ASSETS 1,155,871 1,347,365 112,327 2,615,563
<br /> NONCURRENT ASSETS
<br /> Special assessments receivable 599,774 54,128 - 653,902
<br /> Advances to other funds - 1,097,861 - 1,097,861
<br /> Capital assets
<br /> Land 72,255 124,000 4,400 200,655
<br /> Construction in progress 673,445 - 31,680 705,125
<br /> Buildings 138,000 276,000 - 414,000
<br /> Infrastructure 5,054,920 3,442,483 - 8,497,403
<br /> Machinery and equipment 269,367 96,742 1,019,542 1,385,651
<br /> Less accumulated depreciation (2,168,315) (1,771,039) (221,068) (4,160,422)
<br /> Net capital assets 4,039,672 2,168,186 834,554 7,042,412
<br /> TOTAL NONCURRENT ASSETS 4,639,446 3,320,175 834,554 8,794,175
<br /> TOTAL ASSETS 5,795,317 4,667,540 946,881 11,409,738
<br /> LIABILITIES
<br /> CURRENT LIABILITIES
<br /> Accounts and contracts payable 11,017 1,075 519 12,611
<br /> Accrued salaries payable 647 647 362 1,656
<br /> Due to other funds - - 23,000 23,000
<br /> Due to other governments 1,350 9,841 - 11,191
<br /> Compensated absences payable-current 6,074 6,074 3,859 16,007
<br /> TOTAL CURRENT LIABILITIES 19,088 17,637 27,740 64,465
<br /> The notes to the financial statements are an integral part of this statement.
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