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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2014
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />ASSETS
<br />Cash and temporary investments$ 3,810,172$ 2,355,478$ 6,165,650
<br />Receivables
<br />Accrued interest5,4803,4168,896
<br />Taxes54,081-54,081
<br />Accounts3,871157,565161,436
<br />Special assessments1,322,675659,2641,981,939
<br />Due from other governments31,886-31,886
<br />Internal balances(1,141,811)1,141,811-
<br />Inventories-4,7314,731
<br />Prepaid items25,0697625,145
<br />Capital assets
<br />Land and construction and progress4,499,379905,7805,405,159
<br />Depreciable assets (net of accumulated depreciation)11,116,9586,136,63217,253,590
<br />TOTAL ASSETS19,727,76011,364,75331,092,513
<br />LIABILITIES
<br />Accounts and contracts payable113,68512,611126,296
<br />Accrued salaries payable24,9741,65626,630
<br />Due to other governments8,34811,19119,539
<br />Accrued interest payable119,829-119,829
<br />Deposits payable109,807-109,807
<br />Noncurrent liabilities
<br />Due within one year908,37315,610923,983
<br />Due in more than one year7,820,6051,0777,821,682
<br />TOTAL LIABILITIES9,105,62142,1459,147,766
<br />NET POSITION
<br />Net investment in capital assets6,921,3377,042,41213,963,749
<br />Restricted for
<br />Debt service2,969,448-2,969,448
<br />Street projects165,065-165,065
<br />Cable TV20,403-20,403
<br />Unrestricted 545,8864,280,1964,826,082
<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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