C150356 Feasibility Study (financials)

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available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial s tements, it is useful to compare the information presented for governmental funds with similar i formation presented for governmental activities in the government-wide financial statements. By d ing so, readers may better understand the long-term impact of the government's near-term fi ancing decisions. Both the expenditures and changes in fund balances provide a reconciliation to f cilitate this comparison between governmental funds and governmental activities. The g vernmental funds financial statements are located on pages 3 through 6 of this report. P oprietary Funds T e District does not maintain a separate proprietary fund commonly known as an enterprise fund. Notes to the Financial Statements T e notes provide additional information that is essential to a full understanding of the data p ovided in the government-wide and fund financial statements. The Notes to the Financial S atements can be found on pages 7— 13 of this report. Government-wide Financial Analysis T e following tables show condensed financial information derived from the government-wide fi ancial statements comparing the current year to the prior year. Bellyache Ridge Metropolitan District Net Position Governmental Activities 2012 2011 Assets: Current assets 168,448 638,834 Capital and other non-current assets 789,007 290,854 Total Assets 957,455 929,688 Liabilities: Current liabilities 27,578 11,988 Total Liabilities 27,578 11,988 Deferred Inflows Deferred Property Taxes 83,469 85,522 Total Deferred Inflows 83,469 85,522 Net Position: Net Investment in fixed assets 789,007 290,854 Restricted for emergencies 18,197 5,411 Unrestricted 39,204 535,913 Total Net Position 846,408 832,178 (Remainder of page intentionally left blank) IV