|
CITY OF CENTERVILLE, MINNESOTA
<br /> ENTERPRISE FUNDS
<br /> COMBINING BALANCE SHEET
<br /> DECEMBER 31, 1999
<br /> (With comparative totals for December 31, 1998)
<br /> Totals
<br /> Water Sewer 1999 1998
<br /> ASSETS
<br /> CURRENT ASSETS
<br /> Cash and temporary investments $ 902,433 $1,473,267 $2,375,700 $1,991,887
<br /> Accrued interest receivable 2,098 3,298 5,396 2,113
<br /> Accounts receivable 37,371 47,429 84,800 76,258
<br /> Inventory 23,122 - 23,122 11,412
<br /> Prepaid items - - - 8,263
<br /> TOTAL CURRENT ASSETS 965,024 1,523,994 2,489,018 2,089,933
<br /> FIXED ASSETS, AT COST 1,059,266 1,119,814 2,179,080 2,081,708
<br /> LESS ACCUMULATED DEPRECIATION (127,177) (293,638) (420,815) (383,865)
<br /> TOTAL FIXED ASSETS, NET 932,089 826,176 1,758,265 1,697,843
<br /> OTHER ASSETS
<br /> Special assessments receivable 234,309 288,974 523,283 618,332
<br /> Bond discount 2,968 3,627 6,595 7,254
<br /> TOTAL OTHER ASSETS 237,277 292,601 529,878 625,586
<br /> TOTAL ASSETS $2,134,390 $2,642,771 $4,777,161 $4,413,362
<br /> LIABILITIES AND FUND EQUITY
<br /> CURRENT LIABILITIES
<br /> Accounts payable $ 1,081 $ 5,500 $ 6,581 $ 9,745
<br /> Accrued salaries payable 383 1,084 1,467 856
<br /> Deferred revenue 234,115 288,474 522,589 618,332
<br /> TOTAL CURRENT LIABILITIES 235,579 295,058 530,637 628,933
<br /> LONG -TERM LIABILITIES
<br /> Bonds payable 324,000 396,000 720,000 720,000
<br /> TOTAL LIABILITIES 559,579 691,058 1,250,637 1,348,933
<br /> FUND EQUITY
<br /> Contributed capital 577,616 556,898 1,134,514 1,165,242
<br /> Retained earnings
<br /> Reserved - 71,631 71,631 71,631
<br /> Unreserved 997,195 1,323,184 2,320,379 1,827,556
<br /> TOTAL FUND EQUITY 1,574,811 1,951,713 3,526,524 3,064,429
<br /> TOTAL LIABILITIES AND FUND EQUITY $2,134,390 $2,642,771 $4,777,161 $4,413,362
<br /> -49-
<br />
|