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Home My WebLink AboutNC Comprehensive Report (Finance) (13)CITY OF NATIONAL CITY Statement of Net Assets June 30, 2012 (with comparative information for the prior year) Governmental Business -Type Totals Activities Activities 2012 2011 Assets Current assets: Cash and investments (note 2) $ 66,318,336 174,659 66,492,995 72,091,469 Accounts receivable 1,609,123 1,069 1,610,192 1,085,040 Property tax receivable - - 194,122 Interest receivable 23,759 23,759 105,133 Due from other governmental entities 4,825,664 4,825,664 4,622,851 Total current assets 72,776,882 175,728 72,952,610 78,098,615 Noncurrent assets: Restricted cash and investments with fiscal agent (note 2) 853,628 1,836,173 2,689,801 43,769,712 Inventories 9,345 - 9,345 11,I28 Prepaid items and deposits - 160,992 160,992 175,739 Land held for resale 1,245,000 1,245,000 9,392,509 Contracts, notes and loans receivable (note 4) 8,471,266 - 8,471,266 9,391,187 Advances to successor agency (note 3) 411,216 411,216 - Deferred charges 1,542,818 1,542,818 1,495,528 Subtotal 12,533,273 1,997,165 14,530,438 64,235,803 Capital assets (note 5): Non -depreciable 25,166,963 528,382 25,695,345 26,950,687 Depreciable, net 87,859,746 6,274,386 94,134,132 97,028,503 Total capital assets 113,026,709 6,802,768 119,829,477 123,979,190 Total noncurrent assets 125,559,982 8,799,933 134,359,915 188,214,993 Total assets 198,336,864 8,975,661 207,312,525 266,313,608 Liabilities Current liabilities: Accounts payable and accrued liabilities 2,245,380 100,652 2,346,032 3,892,027 Interest payable 128,338 - 128,338 1,792,703 Salaries payable 1,683,242 - 1,683,242 1,147,597 Deposits payable 222,464 89,413 311,877 437,552 Total current liabilities 4,279,424 190,065 4,469,489 7,269,879 Long-term liabilities (note 7): Due within one year 4,232,599 233,123 4,465,722 8,498,290 Due beyond one year 21,956,265 1,825,270 23,781,535 93,559,890 Total noncurrent liabilities 26,188,864 2,058,393 28,247,257 102,058,180 Total liabilities 30,468,288 2,248,458 32,716,746 109,328,059 Net Assets Invested in capital assets, net of related debt 100,450,699 4,744,375 105,195,074 98,506,585 Restricted for: Community development 4,427,765 - 4,427,765 33,109,741 Public safety 927,816 - 927,816 3,035,845 Transportation 3,894,025 3,894,025 1,604,977 General services 25,086,031 25,086,031 4,101,046 Housing 8,253,320 8,253,320 3,103,696 Total restricted 42,588,957 - 42,588,957 44,955,305 Unrestricted 24,828,920 1,982,828 26,811,748 13,523,659 Total net assets $ 167,868,576 6,727,203 174,595,779 156,985,549 See accompanying notes to the basic financial statements. 5