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<br />CITY OF CENTERVILLE, MINNESOTA
<br /> STATEMENT OF NET ASSETS
<br /> DECEMBER 31,2004
<br /> Governmental Business-type
<br /> Activities Activities Total
<br />ASSETS
<br />Cash and temporary investments $ 5,822,960 $ 3,013,530 $ 8,836,490
<br />Receivables
<br />Accrued interest 20,911 10,795 31,706
<br />Delinquent taxes 103,415 103,415
<br />Accounts 20,326 123,046 143,372
<br />Special assessments 1,408,036 298,027 1,706,063
<br />Intergovernmental 165,462 165,462
<br />Internal balances (40,000) 40,000
<br />Inventories 12,780 12,780
<br />Prepaids 18,149 18,149
<br />Deferred cbarges 118,113 3,297 121,410
<br />Non-depreciable capital assets 3,874,458 1,387,134 5,261,592
<br />Depreciable capital assets (net ofaccwnulated depreciation) 4,453,465 4,383,529 8,836,994
<br />TOTAL ASSETS 15,965,295 9,272,138 25,237,433
<br />LIABILITIES
<br />Accounts payable 214,473 47,830 262,303
<br />Accrued salaries payable 28,414 7,772 36,186
<br />Contracts payable 160,414 33,168 193,582
<br />Due to other governments 3,820 11,307 15,127
<br />Accrued interest payable 88,892 7,793 96,685
<br />Deposits payable 24,700 24,700
<br />Long -term liabilities
<br />Due within one year
<br />Bonds payable 205,000 75,000 280,000
<br />Due in more than one year
<br />Bonds payable 5,505,000 325,000 5,830,000
<br />TOTAL LIABILITIES 6,230,713 507,870 6,738,583
<br />NET ASSETS
<br />Invested in capital assets, net of related debt 2,617,923 5,370,663 7,988,586
<br />Restricted for:
<br />Capital projects 71,631 71,631
<br />Debt service 4,238,229 4,238,229
<br />Unrestricted 2,878,430 3,321,974 6,200,404
<br />TOTAL NET ASSETS $ 9,734,582 $ 8,764,268 $ 18,498,850
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<br />The notes to the fmancial statements are an integral part of this statement.
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