|
CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENTS OF NET ASSETS
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2009 AND 2008
<br />Business-type Activities - Enterprise Funds
<br />WaterSewer
<br />2009200820092008
<br />ASSETS
<br />CURRENT ASSETS
<br />Cash and temporary investments$663,584$733,941$1,046,290$1,472,675
<br />Receivables
<br />Accounts68,39356,81294,15186,535
<br />Special assessments
<br />Current-331-330
<br />Delinquent4,438403689403
<br />Advances to other funds--1,087,167727,160
<br />Inventories3,4698,487--
<br />Prepaid items--15,21714,666
<br />TOTAL CURRENT ASSETS739,884799,9742,243,5142,301,769
<br />NONCURRENT ASSETS
<br />Special assessments receivable - deferred83,85191,99149,11846,163
<br />Capital assets
<br />Land62,00062,000124,000124,000
<br />Buildings138,000138,000276,000276,000
<br />Infrastructure4,966,1414,966,1413,442,4823,444,236
<br />Machinery and equipment191,118192,87598,09998,099
<br />Less accumulated depreciation(1,243,846)(1,065,277)(1,182,877)(1,065,704)
<br />Net capital assets4,113,4134,293,7392,757,7042,876,631
<br />TOTAL NONCURRENT ASSETS4,197,2644,385,7302,806,8222,922,794
<br />TOTAL ASSETS4,937,1485,185,7045,050,3365,224,563
<br />LIABILITIES
<br />CURRENT LIABILITIES
<br />Accounts payable1,4847,402227250
<br />Accrued salaries payable3,1452,1933,1452,191
<br />Due to other governments817(1)-1,658
<br />Compensated absences payable5,4294,3035,4294,303
<br />Unearned revenue----
<br />TOTAL CURRENT LIABILITIES10,87513,8978,8018,402
<br />NONCURRENT LIABILITIES
<br />Other postemployment benefits payable2,332-2,332-
<br />TOTAL LIABILITIES13,20713,89711,1338,402
<br />NET ASSETS
<br />Invested in capital assets, net of related debt4,113,4134,293,7392,757,7042,876,631
<br />Restricted for future expansion--71,63171,631
<br />Unrestricted810,528878,0682,209,8682,267,899
<br />TOTAL NET ASSETS$4,923,941$5,171,807$5,039,203$5,216,161
<br />The notes to the financial statements are an integral part of this statement.
<br />óìðó
<br />
|