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STATEMENT OF NET ASSETS
<br />PROPRIETARY FUNDS
<br />December 31, 2008
<br />With Partial Comparative Information as of December 31, 2007
<br />Business -Type
<br />Sanitary Sanitary Golf
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<br />ASSETS
<br />Current assets
<br />Cash and cash equivalents
<br />$ 2,954,874 $
<br />3,172,754 $
<br />0 $
<br />0 $
<br />365,246
<br />Investment interest receivable
<br />21,745
<br />20,818
<br />2,120
<br />1,524
<br />2,289
<br />Restricted cash, cash equivalents
<br />and investments:
<br />Customer deposits
<br />0
<br />0
<br />811,714
<br />776,875
<br />0
<br />Accounts receivable
<br />602,766
<br />701,997
<br />776,459
<br />914,825
<br />0
<br />Special Assessments
<br />129,326
<br />108,872
<br />0
<br />0
<br />0
<br />Due from other funds
<br />449,151
<br />506,836
<br />0
<br />0
<br />0
<br />Due from other governments
<br />521,950
<br />572,850
<br />365,699
<br />155,857
<br />0
<br />Total current assets
<br />4,679,812
<br />5,084,127
<br />1,955,992
<br />1,849,081
<br />367,535
<br />Property and equipment
<br />Property and equipment
<br />10,018,478
<br />9,806,311
<br />12,994,175
<br />12,835,330
<br />1,082,524
<br />Less accumulated depreciation
<br />(4,913,059)
<br />(4,748,724)
<br />(7,301,109)
<br />(7,133,810)
<br />(523,599)
<br />Net property and equipment
<br />5,105,419
<br />5,057,587
<br />5,693,066
<br />5,701,520
<br />558,925
<br />Total assets
<br />9,785,231
<br />10,141,714
<br />7,649,058
<br />7,550,601
<br />926,460
<br />LIABILITIES
<br />Current liabilities
<br />Accounts payable
<br />355,431
<br />187,117
<br />30,698
<br />483,081
<br />1,591
<br />Contracts payable
<br />193
<br />0
<br />47
<br />888
<br />0
<br />Customer deposits payable
<br />0
<br />0
<br />811,714
<br />776,875
<br />0
<br />Accrued payroll
<br />15,505
<br />23,722
<br />25,414
<br />26,405
<br />28,332
<br />Due to other funds
<br />0
<br />0
<br />449,151
<br />506,836
<br />0
<br />Due to other governments
<br />17,290
<br />17
<br />478,883
<br />28,161
<br />319
<br />Unearned revenue
<br />521,950
<br />572,850
<br />0
<br />0
<br />0
<br />Insurance claims payable
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Total current liabilities
<br />910,369
<br />783,706
<br />1,795,907
<br />1,822,246
<br />30,242
<br />NET ASSETS
<br />Invested in capital assets
<br />5,105,419
<br />5,057,587
<br />5,693,066
<br />5,701,520
<br />558,925
<br />Unrestricted
<br />3,769,443
<br />4,300,421
<br />160,085
<br />26,835
<br />337,293
<br />Total Net Assets
<br />$ 8,874,862 $
<br />9,358,008 $
<br />5,853,151 $
<br />5,728,355 $
<br />896,218
<br />The notes to the financial statements are an integral part of this statement.
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