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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2015
<br />NET POSITION
<br />Net investment in capital assets
<br />Governmental
<br />Business -type
<br />Restricted for
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />Cable TV
<br />26,936 -
<br />26,936
<br />Cash and temporary investments
<br />$ 2,774,013
<br />$ 2,657,794
<br />$ 5,431,807
<br />Receivables
<br />$ 21,064,577
<br />Accrued interest
<br />5,920
<br />5,672
<br />11,592
<br />Taxes
<br />57,193
<br />-
<br />57,193
<br />Accounts
<br />11,870
<br />165,791
<br />177,661
<br />Special assessments
<br />1,153,746
<br />992,139
<br />2,145,885
<br />Due from other governments
<br />27,851
<br />9,945
<br />37,796
<br />Internal balances
<br />(1,358,938)
<br />1,358,938
<br />-
<br />Inventories
<br />-
<br />4,619
<br />4,619
<br />Prepaid items
<br />22,755
<br />17,177
<br />39,932
<br />Capital assets
<br />Land and construction and progress
<br />3,157,823
<br />200,655
<br />3,358,478
<br />Depreciable assets (net of accumulated depreciation)
<br />11,687,132
<br />6,512,429
<br />18,199,561
<br />TOTAL ASSETS
<br />17,539,365
<br />11,925,159
<br />29,464,524
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred pension resources
<br />36,129
<br />14,572
<br />50,701
<br />LIABILITIES
<br />Accounts and contracts payable
<br />47,061
<br />4,417
<br />51,478
<br />Accrued salaries payable
<br />1,126
<br />2,371
<br />3,497
<br />Due to other governments
<br />11,783
<br />4,733
<br />16,516
<br />Accrued interest payable
<br />100,799
<br />-
<br />100,799
<br />Deposits payable
<br />79,307
<br />-
<br />79,307
<br />Noncurrent liabilities
<br />Due within one year
<br />755,849
<br />14,709
<br />770,558
<br />Due in more than one year
<br />7,203,376
<br />124,560
<br />7,327,936
<br />TOTAL LIABILITIES
<br />8,199,301
<br />150,790
<br />8,350,091
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred pension resources
<br />71,656
<br />28,901
<br />100,557
<br />NET POSITION
<br />Net investment in capital assets
<br />7,229,955 6,713,084
<br />13,943,039
<br />Restricted for
<br />Debt service
<br />2,376,939 -
<br />2,376,939
<br />Cable TV
<br />26,936 -
<br />26,936
<br />Unrestricted
<br />(329,293) 5,046,956
<br />4,717,663
<br />TOTAL NET POSITION
<br />$ 9,304,537 $ 11,760,040
<br />$ 21,064,577
<br />The notes to the financial statements are an integral part of this statement.
<br />-27-
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