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I
<br /> IWinter Park Water and Sanitation District
<br /> STATEMENTS OF NET ASSETS
<br /> IDecember 31, 2010 and 2009
<br /> 2010 2009
<br /> IASSETS
<br /> I Current assets
<br /> Cash and cash equivalents $ 5,112,561 $ 6,163,181
<br /> Cash and cash equivalents - restricted 317,700 330,000
<br /> I Investments 4,682,472 3,341,578
<br /> Accounts receivable - users 124,209 132,973
<br /> Accounts receivable - County Treasurer 1,118 1,032
<br /> I Accounts receivable - other 36,469 -
<br /> Accrued interest receivable 31,873 21,406
<br /> Property taxes receivable 446,100 438,200
<br /> I Prepaid expenses 13,744 15,654
<br /> Total current assets 10,766,246 10,444,024
<br /> I Capital assets, net 9,120,714 9,438 484
<br /> Other assets
<br /> Deposits 1,051 1,051
<br /> IDebt issuance costs (net of accumulated
<br /> amortization of$40,170 and $37,601) 10,274 12,843
<br /> Total other assets 11,325 13,894
<br /> ITotal assets $ 19,898,285 $ 19,896,402
<br /> I LIABILITIES
<br /> Current liabilities
<br /> Accounts payable $ 51,874 $ 43,550
<br /> IAccrued salaries, benefits and related liabilities 49,087 40,885
<br /> Accrued interest payable 34,403 39,153
<br /> Deferred property taxes 446,100 438,200
<br /> ICurrent portion of long-term debt 286,735 276,532
<br /> Total current liabilities 868,199 838,320
<br /> ILong-term obligations 1,615,012 1,901,747
<br /> Total liabilities 2,483,211 2,740,067
<br /> I NET ASSETS
<br /> Invested in capital assets, net of related debt 7,229,241 7,273,048
<br /> Restricted 317,700 330,000
<br /> IUnrestricted 9,868,133 9,553,287
<br /> Total net assets $ 17,415,074 $ 17,156,335
<br /> I
<br /> The accompanying Notes to Financial Statements are an integral part of these statements.
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