Manager’s Report – August 2019
Balance Sheet
July 2019
| Balance Sheet by Fund July 31, 2019 | ||||||
|---|---|---|---|---|---|---|
| GENERAL FUND | WATER AND SEWER FUND | TOTAL | ||||
| ASSETS | ||||||
| Current Assets | ||||||
| Cash | 81427.77 | 77162.13 | 158589.9 | |||
| Assessments Receivable – GF | 72057.31 | 0 | 72057.31 | |||
| Allowance-Doubtful Collections | -72057.31 | 0 | -72057.31 | |||
| Accounts Receivable | 0 | 1422.13 | 1422.13 | |||
| Assessments Receivable – W/S Fund | 0 | 218214.89 | 218214.89 | |||
| Allowance-Doubtful Collections | 0 | -218214.89 | -218214.89 | |||
| Due To/From 001/202 | 273932.22 | 0 | 273932.22 | |||
| Due To/From 001/202 | 0 | -273922.22 | -273922.22 | |||
| Investments – Money Market Account | 511133.52 | 0 | 511133.52 | |||
| Prepaid Items | 2297.7 | 0 | 2297.7 | |||
| Deferred Amount of Refunding | 0 | 36369.65 | 36369.65 | |||
| Total Current Assets | 868791.21 | -158968.31 | 709822.9 | |||
| Noncurrent Assets | ||||||
| Land | 0 | 599674.85 | 599674.85 | |||
| Infrastructure | 0 | 15474044.33 | 15474044.33 | |||
| Accum Depr – Infrastructure | 0 | -6417606.99 | -6417606.99 | |||
| Equipment and Furniture | 0 | 287662.07 | 287662.07 | |||
| Accum Depr – Equip/Furniture | 0 | -125655.39 | -125655.39 | |||
| Total Noncurrent Assets | 0 | 9818118.87 | 9818118.87 | |||
| TOTAL ASSETS | 868791.21 | 9659150.56 | 10527941.77 | |||
| LIABILITIES | ||||||
| Current Liabilities | ||||||
| Accounts Payable | 1962.45 | 0 | 1962.45 | |||
| Accounts Payable | 0 | 6991.94 | 6991.94 | |||
| Revenue Bonds Payable-Current | 0 | 478500 | 478500 | |||
| Accrued Interest Payable | 0 | 18232.82 | 18232.82 | |||
| Other Current Liabilities | 0 | 10262.75 | 10262.75 | |||
| Deposits | 0 | 27080.98 | 27080.98 | |||
| Total Current Liabilities | 1962.45 | 541068.49 | 543030.94 | |||
| Long-Term Liabilities | ||||||
| Revenue Bonds Payable-LY | 0 | 957000 | 957000 | |||
| Total Long-Term Liabilities | 0 | 957000 | 957000 | |||
| TOTAL LIABILITIES | 1962.45 | 1498068.49 | 1500030.94 | |||
| FUND BALANCES/NET ASSETS | ||||||
| Fund Balances | ||||||
| Nonspendable | ||||||
| Prepaid Items | 2297.7 | 0 | 2297.7 | |||
| Assigned | ||||||
| Operating Reserves | 103762 | 0 | 103762 | |||
| Unassigned | ||||||
| Unassigned | 760769.06 | 0 | 760769.06 | |||
| Net Assets | ||||||
| Invested in capital assets, net of related debt | ||||||
| 0 | 8372356.12 | 8372356.12 | ||||
| Unrestricted/Unreserved | ||||||
| 0 | -211274.05 | -211274.05 | ||||
| TOTAL FUND BALANCES/NET ASSETS | 866828.76 | 8161082.07 | 9027910.83 | |||
| TOTAL LIABILITIES & FUND BALANCES/NET ASSETS | 868791.21 | 9659150.56 | 10527941.77 |