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• <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 />