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Swan's Nest Metropolitan District
<br />Statements of Net Assets
<br />December 31, 2008 and 2007
<br />Assets
<br />Current Assets
<br />Cash and cash equivalents
<br />Water fees receivable
<br />General property taxes receivable
<br />Prepaid expenses
<br />Tota! Current Assets
<br />Non-Current Assets
<br />Debt issue costs
<br />Capital assets
<br />Water lines, tanks
<br />Accumulated depreciation
<br />Total depreciable assets
<br />Land
<br />Total Capital Assets
<br />Total Nan-Current Assets
<br />Total Assets
<br />Liabilities
<br />Current Liabilities
<br />Accounts payable and accrued liabilities
<br />Deferred revenue
<br />Current partion of bond payable
<br />Interest accrued
<br />Total Current Liabilities
<br />Non-Current Liabilities
<br />General obligation refunding bands payable
<br />Total Liabilities
<br />Net Assets
<br />I Invested in capital assets, net of related debt
<br />Restric#ed
<br />Unrestricted
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<br />Total Net Assets
<br />See accompanying notes and Independent Auditors' Report
<br />�
<br />Zaos Zoo7
<br />$106,446 $93,315
<br />1,427 0
<br />183,013 177,365
<br />510 �
<br />291,396 270,680
<br />74,095 _78,930
<br />1,808,864 1,806,132
<br />(294,885} (264,737)
<br />1,513,979 1,541,395
<br />3,761,750 3,761,75Q
<br />5,275,729 5,303,145
<br />5,349,824 5,382,075
<br />$5,64'{,220 $5,652,755
<br />$2,863 $1,838
<br />182,241 190,158
<br />60,000 55,000
<br />4,062 4,383
<br />249,166 251,379
<br />1,585,000 1,645,000
<br />1,834,166 1,896,379
<br />3,630,729 3,603,145
<br />1,769 2,000
<br />174,556 151,231
<br />3,807,054 3,756,376
<br />$5,641,220 $5,652,755
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