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<br /> • TOWN OF MONUMENT,COLORADO
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<br /> • STATEMENT OF NET ASSETS
<br /> PROPRIETARY FUND TYPE
<br /> • As of December 31, 2008
<br /> •
<br /> • 2008 2007
<br /> • ASSETS
<br /> • Current Assets
<br /> Cash and Investments $ 532,831 $ 1,019,594
<br /> • Restricted Cash and Investments 412,087 395,278
<br /> • Accounts Receivable 49,336 52,663
<br /> • Total Current Assets 994,254 1,467,535
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<br /> • Noncurrent Assets
<br /> Capital Assets,net of accumulated depreciation 7,952,329 8,029,729
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<br /> • TOTAL ASSETS 8,946,583 9,497,264
<br /> • LIABILITIES
<br /> • Current Liabilities
<br /> . Accounts Payable 17,936 235,585
<br /> Accrued Expenses 55,872 41,621
<br /> • Accrued Interest Payable 44,179 57,236
<br /> • Lease Payable, Current Portion 6,387 12,414
<br /> • Bonds Payable, Current Portion 134,891 127,976
<br /> • Total Current Liabilities 259,265 474,832
<br /> • Noncurrent Liabilities
<br /> • Deposits 9,430 20,604
<br /> • Accrued Compensated Absences 33,182 29,611
<br /> Leases Payable - 6,387
<br /> • Bonds Payable 1,224,710 1,359,601
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<br /> • Total Noncurrent Liabilities 1,267,322 1,416,203
<br /> • TOTAL LIABILITIES 1,526,587 1,891,035
<br /> • NET ASSETS
<br /> • Invested in Capital Assets, Net of Related Debt 6,586,341 6,670,128
<br /> • Restricted for Debt Service 412,087 395,278
<br /> • Unreserved 421,568 540,823
<br /> • TOTAL NET ASSETS $ 7,419,996 $ 7,606,229
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<br /> • The accompanying notes are an integral part of the financial statements.
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