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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 />