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<br />CITY OF CENTERVILLE, MINNESOTA
<br /> STATEMENT OF NET ASSETS
<br /> DECEMBER 31,2003
<br /> Governmental Business-type
<br /> Activities Activities Total
<br />ASSETS
<br />Cash and cash temporary investments $ 5,125,841 $ 3,355,328 $ 8,481,169
<br />Receivables
<br />Accrued interest 13,959 10,112 24,071
<br />Delinquent taxes 90,743 90,743
<br />Accounts 7,078 119,508 126,586
<br />Special assessments 460,568 408,255 868,823
<br />Intergovernmental 4,698 4,698
<br />Inventories 11,423 11,423
<br />Prepaids 5,358 5,358
<br />Deferred charges 11,608 3,957 15,565
<br />Fixed assets (net of accumulated depreciation) 5,462,200 4,717,942 10,180,142
<br />TOTAL ASSETS 11,182,053 8,626,525 19,808,578
<br />LIABILITIES
<br />Accounts payable 155,062 544 155,606
<br />Accrued salaries payable 5,645 797 6,442
<br />Contracts payable 46,180 46,180
<br />Due to other governments 3,040 3,756 6,796
<br />Accrued interest payable 49,443 9,076 58,519
<br />Deposits payable 24,300 24,300
<br />Unearned revenue 14,370 14,370
<br />Long-term liabilities
<br />Due within one year
<br />Bonds payable 375,000 70,000 445,000
<br />Due in more than one year
<br />Compensated absences 9,477 2,418 11,895
<br />Bonds payable 2,920,000 400,000 3,320,000
<br />TOTAL LIABILITIES 3,602,517 486,591 4,089,108
<br />NET ASSETS
<br />Invested in capital assets, net of related debt 2,167,200 4,247,942 6,415,142
<br />Restricted for:
<br />Capital projects 71,631 71,631
<br />Debt service 3,095,838 3,095,838
<br />Unrestricted 2,316,498 3,820,361 6,136,859
<br />TOTAL NET ASSETS $ 7,579,536 $ 8,139,934 $ 15,719,470
<br />
<br />See Notes to Financial Statements.
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