HomeMy WebLinkAboutNC Comprehensive Report (Finance) (23)CITY OF NATIONAL CITY
Statement of Net Assets
Proprietary Funds
June 30, 2012
(with comparative information for the prior year)
Enterprise Funds Governmental Activities
Kimball Morgan Totals Internal Service Funds
Towers Towers 2012 2011 2012 2011
ASSETS
Current assets:
Cash and investments $ 93,981 80,678 174,659 15,59I 14,126,835 13,688,707
Restricted cash and investments
with fiscal agents 1,217,837 618,336 1,836,173 1,738,710 38,326 45,764
Accounts receivable 341 728 1,069 - 12,152 72,231
Inventories - - - 9,345 11,128
Prepaid items and deposits 80,984 80,008 160,992 132,638 - 43,101
Total current assets 1,393,143 779,750 2,172,893 1,886,939 14,186,658 13,860,931
Noncurrent assets:
Capital assets
Nondepreciable assets 315,814 212,568 528,382 528,382 1,644,621
Depreciable assets, net of accumulated
depreciation 4,191,214 2,083,172 6,274,386 6,687,958 3,055,978 1,178,976
Total capital assets, net 4,507,028 2,295,740 6,802,768 7,216,340 3,055,978 2,823,597
Total noncurrent assets 4,507,028 2,295,740 6,802,768 7,216,340 3,055,978 2,823,597
Total assets 5,900,171 3,075,490 8,975,661 9,103,279 17,242,636 16,684,528
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 47,269 53,383 100,652 165,396 409,906 461,201
Salaries payable - 53,433 52,943
Capital leases payable - due within one year 88,203 88,203
Compensated absences - due within one year - - 139,795 135,464
Note payable - due within one year 233,123 233,123 218,492 -
Self-insurance claims payable -
due within one year _ 1,581,396 1,578,371
Total current liabilities 47,269 286,506 333,775 383,888 2,272,733 2,316,182
Noncurrent liabilities:
Tenant security deposit liability 45,697 43,716 89,413 89,922 -
Capital leases payable - due in more than one year - - - 1,534,636 1,645,576
Note payable - due in more than one year 1,825,270 1,825,270 2,058,393 -
Self-insurance claims payable -
due in more than one year 4,701,604 4,535,629
Total noncurrent liabilities 45,697 1,868,986 1,914,683 2,I48,315 6,236,240 6,181,205
Total liabilities 92,966 2,155,492 2,248,458 2,532,203 8,508,973 8,497,387
NET ASSETS
Invested in capital assets, net of related debt 4,507,028 237,347 4,744,375 4,939,455 3,055,978 2,823,597
Unrestricted 1,300,177 682,651 1,982,828 1,631,621 5,677,685 5,363,544
Total net assets $ 5,807,205 919,998 6,727,203 6,571,076 8,733,663 8,187,141
See accompanying notes to the basic financial statements.
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