|
CITY OF MONTE VISTA, COLORADO
<br /> PROPRIETARY FUND
<br /> STATEMENT OF NET ASSETS
<br /> December 31,2011
<br /> CITY SERVICE
<br /> UTILITY FUND
<br /> ASSETS
<br /> Current Assets:
<br /> Cash and Cash Equivalents $ 1,234,708
<br /> Restricted Cash and Cash Equivalents 429,267
<br /> Accounts Receivable 33,452
<br /> Due From Other Governments 5,530
<br /> Due From County Treasurer 23,848
<br /> Inventory 62,116
<br /> 1 Total Current Assets 1,788,921
<br /> Noncurrent Assets:
<br /> Prepaid Water Storage Expense 79,000
<br /> Land 22,000
<br /> Construction in Progress 28,612
<br /> Water Rights 684,751
<br /> Buildings 47,650
<br /> Equipment 506,781
<br /> Treatment Plant 4,288,832
<br /> Transmission and Distribution 4,253,021
<br /> Vehicles 229,975
<br /> Accumulated Depreciation (7,253,255)
<br /> Bond Issue Costs 38,949
<br /> Accumulated Amortization (25,317)
<br /> Total Noncurrent Assets 2,900,999
<br /> TOTAL ASSETS 4,689,920 1
<br /> LIABILITIES
<br /> Current Liabilities:
<br /> Accounts Payable 28,949
<br /> Notes Payable 60,910
<br /> Accrued Interest Payable 3,542
<br /> Total Current Liabilities 93,401
<br /> Noncurrent Liabilities: I
<br /> Notes Payable 1,396,369
<br /> Accrued Compensated Absences 54,722
<br /> Total Noncurrent Liabilities 1,451,091
<br /> TOTAL LIABILITIES 1,544,492
<br /> NET ASSETS I
<br /> Invested in Capital Assets,Net of Related Debt 1,364,720
<br /> Restricted for Water Acquisition 29,267
<br /> Restricted for Water System Chlorination Improvements 400,000
<br /> Unrestricted 1,3 51,441
<br /> TOTAL NET ASSETS $ 3,145,428 1
<br /> The accompanying notes are an integral part of this financial statement.
<br /> 22
<br />
|