<br />Stonegate Village Metropolitan District
<br />STATEMENT OF NET ASSETS
<br />December 31, 2006
<br />ASSETS
<br />Cash and investments
<br />Accounts receivable
<br />Taxes receivable -current year
<br />Taxes receivable -ensuing year
<br />Bond issue costs, net of accumulated amortization
<br />Interest receivable
<br />Total current assets
<br />Capital assets net of accumulated depreciation
<br />Governmental Business-type
<br />Activities Activities Total
<br />$ 13,914,626 $ 5,041,786 $ 18,956,412
<br />147,918 380,448 528,866
<br />13,438 - 13,438
<br />2,002,841 - 2,002,841
<br />381,447 - 381,447
<br />5,239 - 5,239
<br />16,465,509 5,422,734 21,888,243
<br />5,378,018 27,589,625 32,967,643
<br />Total assets 21,843,527 33,012,359 54,855,886
<br />
<br />LIABILITIES
<br />Accounts payable 300,196 271,636 571,832
<br />Retainage payable 1,018 - 1,018
<br />Deferred tax revenue 2,002,841 - 2,002,841
<br />Accrued interest payable 133,285 - 133,285
<br />Other liabilities - 8,000 8,000
<br />Bonds payable -within one year 700,000 - 700,000
<br />Bands payable -greater than one year 35,509,103 - 35,509,103
<br />Total liabilities 38,646,443 279,636 38,926,079
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />Resta•icted
<br />Unrestricted
<br />Total net assets
<br />(30,964,370) 27,589,625 (3,374,745}
<br />584,044 - 584,044
<br />13,577,410 5,143,098 18,720,508
<br />$ (16,802,916) $ 32,732,723 $ 15,929,807
<br />Tlae Notes to Fiaaancia! Statements are an integral purl of these statements.
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