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<br /> • TOWN OF MONUMENT,COLORADO
<br /> • STATEMENT OF NET ASSETS
<br /> • As of December 31,2008
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<br /> • BUSINESS
<br /> • GOVERNMENTAL TYPE TOTAL
<br /> • ACTIVITIES ACTIVITIES 2008 2007
<br /> • ASSETS
<br /> Cash and Investments $ 1,182,276 $ 532,831 $ 1,715,107 $ 1,994,010
<br /> 40 Restricted Cash and Investments 1,638,853 412,087 2,050,940 3,486,603
<br /> • Receivables
<br /> Property Taxes 702,711 - 702,711 599,552
<br /> • Sales and Other 846,480 - 846,480 664,223
<br /> • Accounts 60 49,336 49,396 104,941
<br /> • Prepaid Expenses 19,120 19,120
<br /> Capital Assets,Not Depreciated 2,166,551 3,505,376 5,671,927 4,402,662
<br /> • Capital Assets,Depreciated Net of
<br /> • Accumulated Depreciation 7,647,218 4,446,953 12,094,171 6,186,382
<br /> • TOTAL ASSETS 14,203,269 8,946,583 23,149,852 17,438,373
<br /> • LIABILITIES •
<br /> • Accounts Payable 327,065 17,936 345,001 565,677
<br /> • Accrued Salaries and Benefits 59,145 55,872 115,017 70,905
<br /> • Accrued Interest - 44,179 44,179 57,236
<br /> Deferred Revenues 702,711 - 702,711 599,552
<br /> • Developer Escrow and Deposits 62,489 9,430 71,919 268,550
<br /> • Noncurrent Liabilities
<br /> Due within One Year 414,606 141,278 555,884 567,273
<br /> • Due in More Than One Year 3,352,582 1,257,892 4,610,474 5,166,683
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<br /> • TOTAL LIABILITIES 4,918,598 1,526,587 6,445,185 7,295,876
<br /> • NET ASSETS
<br /> • Invested in Capital Assets, Net of Related Debt 6,236,548 6,586,341 12,822,889 5,221,443
<br /> Restricted for Emergencies 110,429 - 110,429 123,992
<br /> • Unrestricted 2,937,694 833,655 3,771,349 4,797,062
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<br /> • TOTAL NET ASSETS $ 9,284,671 $ 7,419,996 $ 16,704,667 $ 10,142,497
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<br /> • The accompanying notes are an integral part of the financial statements.
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