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12/21/2011 10:57 7197425420 TOWN OF LA VETA PAGE 05111 <br />TOWN OF LA VETA, COLORADO <br />STATEMENT OF NET ASSETS <br />PROPRIETARY FUNDS <br />December 31, 2008 <br />Business Tvoe Activities- Enterprise. Funds. <br />Sewer Water <br />Fund Fund Totals <br />ASSETS <br />Current Assets <br />Cash and Investments <br />306,177 <br />566,050 <br />872,227 <br />Accounts Receivable <br />8,599 <br />.243,349 <br />251,948 <br />Allowance for Uncol lectible Accounts <br />(400) <br />(1,400) <br />(1,800) <br />Interest Receivable <br />538 <br />671 <br />1,209 <br />Inventory <br />62$ <br />.33 .5 <br />4 4 <br />Total Current Assets <br />315,539 <br />812,385 <br />I 4 <br />Capital Assets <br />866,141 <br />3,226,871 <br />4,093,012 <br />Less Accumulated Depreciation <br />37( 50641 <br />966 250 <br />13(.,_ 41.314) <br />Net Capital Assets <br />4491.077 <br />2.260,621 <br />1,698 <br />2,751,698 <br />TOTAL A SETS <br />806,616 <br />3,073 <br />3,87992- <br />LIABILITIES <br />Current Liabilities <br />Accrued Interest Payable <br />- <br />- <br />- <br />Accrued Salary and Benefits Payable <br />7,461 <br />8,325 <br />15,786 <br />Accounts Payable <br />- <br />297,230 <br />297,230 <br />Due to Other Funds <br />- <br />- <br />- <br />Notes Payable - Current <br />14.291 <br />14,291 <br />Tot Current Liabl I ities <br />7,461. <br />31 $46 <br />32 3 7 <br />Noncurrent Liabilities <br />Note Payable <br />600.59.1 <br />400.591 <br />TOTAL LL4BILLIIES <br />7.461 <br />920.437 <br />927.898 <br />NET ASSETS <br />Invested in Capital Assets, Net of Related Debt <br />491,077 <br />1.645,739 <br />2,136,816 <br />Unrestricted <br />308.078 <br />506.830 <br />814.908 <br />TOTAL NET ASSETS <br />?� <br />2.152.569 <br />Z.9�51. <br />The accompanying notes are an integral part of these financial statements, <br />-9- <br />