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Stonegate Village Metropolitan District
<br />BALANCE SHEET -GOVERNMENTAL FUNDS
<br />December 31, 2000
<br />ASSETS
<br />Cash and investments
<br />Accounts receivable
<br />Taxes receivable -current year
<br />Taxes receivable -ensuing year
<br />Interest receivable
<br />Total assets
<br />LIABILITIES
<br />Accounts payable
<br />Retainage payable
<br />Deferred tax revenue
<br />Total liabilities
<br />FUND EQUITY
<br />Fund balance:
<br />Reserved for debt service
<br />Reserved for capital projects
<br />i;mergency reserve
<br />Undesignated
<br />Total fund equity
<br />Total liabilities and fund equity
<br />General Debt Capital
<br />Fund Service Projects Total
<br />$ 627,371 $ 584,044 $ ]2,703,208 $ 13,914,623
<br />147,918 - - 147,918
<br />399 13,039 - 13,438
<br />59,401 1,943,440 - 2,002,841
<br />- 5,239 - 5,239
<br />$ 835,089 $ 2,545,762 $ 12~ 8 $ 16,084,059
<br />$ 298,076 $ 2,120 $ - $ 300,196
<br />_ - 1,018 1,018
<br />59,401 1,943,440 - 2,002,841
<br />357,477 1,945,560 1,018 2,304,055
<br />- 600,202 -
<br />_ 12,702,190
<br />37,335 - -
<br />440,277 - -
<br />477,G 12 600,202 12,702,190
<br />$ 835,089 $ 2,545,762 $ 12,703,208
<br />Amounts reported for governmental activities in the statement of net
<br />assets are different because:
<br />Capital assets used in governmental activities are not financial resources
<br />and, therefore, are not reported in the funds.
<br />Long-term liabilities, including bonds payable and related accrued interest,
<br />are not due and payable in the current period and therefore,
<br />are nat reported in the funds.
<br />Other long term assets and liabilities are not available to pay for current
<br />period expenditures, or do not t•equire current resources:
<br />Bond issue costs -net
<br />Bond refunding costs -net
<br />Bond premium -net
<br />Net assets of governmental activities
<br />600,202
<br />12,702,190
<br />37,335
<br />440,277
<br />13,780,004
<br />5,378,019
<br />(34,708,283)
<br />3 81,447
<br />298,348
<br />(1,932,451)
<br />$ (16,802,916)
<br />The Notes to Financial Statements arc an integ~•a! part ojtlTese statements.
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