ICITY OF MONTE VISTA, COLORADO
<br /> STATEMENT OF NET ASSETS
<br /> December 31,2011
<br /> I
<br /> Primary Government
<br /> I Governmental
<br /> Activities Business-Type
<br /> Activities TOTAL
<br /> ASSETS
<br /> I Current Assets:
<br /> Cash and Cash Equivalents $ 915,765 $ 1,234,708 $ 2,150,473
<br /> Restricted Cash and Cash Equivalents 1,655,870 429,267 2,085,137
<br /> Accounts Receivable 44,860 33,452 78,312
<br /> I Allowance for Doubtful Accounts (14,092) (14,092)
<br /> Property Taxes Receivable 356,480 356,480
<br /> Due from Other Governments 256,907 5,530 262,437
<br /> I Due from County Treasurer 117,324 23,848 141,172
<br /> Inventory of Materials and Supplies 62,116 62,116
<br /> Total Current Assets 3,333,114 1,788,921 5,122,035
<br /> I Noncurrent Assets:
<br /> Prepaid Water Storage Expense 79,000 79,000
<br /> Unamortized Bond/Debt Issuance Costs 29,240 13,632 42,872
<br /> l Capital Assets:
<br /> Land 869,263 22,000 891,263
<br /> Construction in Progress 43,826 28,612 72,438
<br /> 1 Infrastructure 3,020,387 - 3,020,387
<br /> Water Rights 684,751 684,751
<br /> Buildings 3,647,208 46,018 3,693,226
<br /> Building Improvements 651,193 1,632 652,825
<br /> I Other Improvements 2,392,648 2,392,648
<br /> Equipment 1,752,452 506,781 2,259,23 3
<br /> Treatment Plant - 4,288,832 4,288,832
<br /> I Transmission and Distribution 4,253,021 4,253,021
<br /> Vehicles and Heavy Road Equipment 1,248,121- 229,975 1,478,096
<br /> Less:Accumulated Depreciation/Depletion (5,688,255) (7,253,255) (12,941,510)
<br /> I Total Noncurrent Assets 7,966,083 2,900,999 10,867,082
<br /> TOTAL ASSETS 11,299,197 4,689,920 15,989,117
<br /> 1 LIABILITIES
<br /> Current Liabilities:
<br /> Accounts Payable 166,083 28,949 195,032
<br /> I Other Payables 4,316 3,542 7,858
<br /> Deferred Tax Revenue 356,480 356,480
<br /> Deferred Revenue 27,550 - 27,550
<br /> Bonds Payable 130,000 - 130,000
<br /> I Notes Payable 43,810 60,910 104,720
<br /> Compensated Absences 15,251 15,251
<br /> Total Current Liabilities 743,490 93,401 836,891
<br /> INoncurrent Liabilities:
<br /> Bonds Payable 3,120,000 - 3,120,000
<br /> I Notes Payable 141,003 1,396,369 1,537,372
<br /> Compensated Absences 131,108 54,722 185,830
<br /> Total Noncurrent Liabilities 3,392,111 1,451,091 4,843,202
<br /> ITOTAL LIABILITIES 4,135,601 1,544,492 5,680,093
<br /> I The accompanying notes are an integral part of this financial statement.
<br /> 15
<br />
|