•
<br /> •
<br /> • TOWN OF MONUMENT, COLORADO
<br /> BALANCE SHEET
<br /> • GOVERNMENTAL FUNDS
<br /> • As of December 31, 2008
<br /> • OTHER TOTAL
<br /> • GENERAL GOVERNMENTAL GOVERNMENTAL FUNDS
<br /> • FUND FUNDS 2008 2007
<br /> ASSETS
<br /> • Cash and Investments $ 988,651 $ 193,625 $ 1,182,276 $ 974,416
<br /> • Restricted Cash and Investments 1,638,853 1,638,853 3,091,325
<br /> Property Taxes Receivable 702,711 - 702,711 599,552
<br /> • Other Taxes Receivable 846,480 - 846,480 664,223
<br /> • Accounts Receivable 60 - 60 52,278
<br /> • Prepaid Expense 19,120 - 19,120 -
<br /> • TOTAL ASSETS $ 4,195,875 $ 193,625 $ 4,389,500 $ 5,381,794
<br /> • LIABILITIES AND FUND EQUITY
<br /> • LIABILITIES
<br /> • Accounts Payable $ 327,065 $ - $ 327,065 $ 330,092
<br /> Accrued Salaries and Benefits 59,145 59,145 29,284
<br /> • Deferred Revenues 702,711 - 702,711 599,552
<br /> • Developer Escrow 62,489 - 62,489 247,946
<br /> • TOTAL LIABILITIES 1,151,410 - 1,151,410 1,206,874
<br /> • FUND EQUITY
<br /> Fund Balance
<br /> • Reserved for Emergencies 110,429 - 110,429 123,992
<br /> Reserved for Capital Projects 1,968,360 - 1,968,360 3,091,325
<br /> 1. Unreserved, reported in
<br /> • General Fund 965,676 - 965,676 786,591
<br /> • Special Revenue Funds - 193,625 193,625 173,012
<br /> • TOTAL FUND EQUITY 3,044,465 193,625 3,238,090 4,174,920
<br /> • TOTAL LIABILITIES AND
<br /> • FUND EQUITY $ 4,195,875 $ 193,625
<br /> •
<br /> • Amounts reported for governmental activities in the statement of net assets are different because:
<br /> • Capital assets used in governmental activities are not financial
<br /> 0 resources and therefore,are not reported in the funds. 9,813,769 2,559,315
<br /> • Long-term liabilities are not due and payable in the current period and
<br /> are not reported in the funds. These include Bonds Payable of($1,080,500),
<br /> • Capital Leases ($2,500,596), and Accrued Compensated Absences ($186,092). (3,767,188) (4,197,967)
<br /> • Net assets of governmental activities $ 9,284,671 $ 2,536,268
<br /> •
<br /> 0
<br /> S
<br /> • The accompanying notes are an integral part of the financial statements.
<br /> • 3
<br /> •
<br />
|