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<br />CITY OF CENTERVILLE, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31,2006
<br />
<br /> Debt
<br /> General Service Park
<br />ASSETS
<br />Cash and temporary investments $ 1,735,740 $ 2,786,232 $ 60,089
<br />Receivables
<br />Accrued interest 15,498
<br />Delinquent taxes 50,128
<br />Accounts 3,006 15,000
<br />Special assessments 12,404 1,239,888
<br />Due from other governments 8,305
<br />Prepaid items 22,650 3,307
<br />TOTAL ASSETS $ 1,847,731 $ 4,029,427 $ 75,089
<br />LIABILITIES AND FUND BALANCES
<br />LIABILITIES
<br />Accounts payable $ 221,542 $ $ 46
<br />Due to other governments 4,745
<br />Contracts payable
<br />Accrued salaries payable 10,831
<br />Deferred revenue 47,278 1,238,267
<br />TOTAL LIABILITIES 284,396 1,238,267 46
<br />FUND BALANCES
<br />Reserved for debt service 2,815,958
<br />Reserved for prepaid items 22,650
<br />Unreserved
<br />Designated for, reported in the General fund
<br />Working capital 1,540,685
<br />Undesignated, reported in
<br />Special revenue funds
<br />Debt Service fund (24,798)
<br />Capital projects funds 75,043
<br />TOTAL FUND BALANCES 1,563,335 2,791,160 75,043
<br />TOTAL LIABILITIES AND FUND BALANCES $ 1,847,731 $ 4,029,427 $ 75,089
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<br />The notes to the financial statements are an integral part of this statement.
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