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MANCOS WATER CONSERVANCY DISTRICT
<br /> STATEMENT OF NET ASSETS
<br /> IDecember 31, 2011
<br /> Governmental Business-Type
<br /> I Activities Activities Total
<br /> ASSETS
<br /> I Current Assets
<br /> Cash and cash equivalents $531,626 $67,714 $599,340
<br /> Receivables
<br /> I Property taxes 215,935 215,935
<br /> Other 2,080 3,745 5,825
<br /> Prepaid expenses 8,955 8,955
<br /> Restricted cash and cash equivalents 9,234 9,234
<br /> ITotal Current Assets 749,641 89,648 839,289
<br /> Capital Assets, Net 1,725,972 1,725,972
<br /> ' Total Assets 749,641 1,815,620 2,565,261
<br /> ILIABILITIES
<br /> Current Liabilities
<br /> Accounts payable 8,451 8,451
<br /> I Accrued payroll and related liabilities 5,734 5,734
<br /> Deferred revenues 215,935 409,719 625,654
<br /> Accrued interest 37,522 37,522
<br /> ICurrent portion of notes payable 21,499 21,499
<br /> Total Current Liabilities 215,935 482,925 698,860
<br /> I Non-current Liabilities
<br /> Notes payable 2,118,102 2,118,102
<br /> Total Non-Current Liabilities 0 2,118,102 2,118,102
<br /> ITotal Liabilities 215,935 2,601,027 2,816,962
<br /> NET ASSETS
<br /> I Invested in capital assets,
<br /> net of related debt 1,695,972 1,695,972
<br /> Restricted for Emergency Reserve 8,073 8,073
<br /> IUnrestricted 525,633 (2,481,379) (1,955,746)
<br /> Total Net Assets $533,706 ($785,407) ($251,701)
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<br /> See accompanying notes to the basic financial statements.
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