HomeMy WebLinkAboutNC Comprehensive Report (Finance) (26)CITY OF NATIONAL CITY
Statement of Fiduciary Net Assets
Fiduciary Funds
June 30, 2012
(with comparative information for the prior year)
Private -
Purpose Agency Total Fiduciary Funds
Trust Funds Funds 2012 2011
ASSETS
Current assets:
Cash and investments (note 2) $ 46,111,899 911,096 47,022,995 1,013,344
Cash and investments with fiscal agent (note 2) 6,957,040 - 6,957,040 83
Property tax receivable 8,167 8,167
Interest receivable 5,877 5,877
Due from other governments 2,796 2,796
Non -current assets:
Contracts, notes, and loans receivable (note 4) 737,026 737,026
Land held for resale 10,600,509 10,600,509
Capital assets, net of
accumulated depreciation (note 5) 2,468,334 2,468,334
Total assets 66,891,648
LIABILITIES
911,096 67,802,744 1,013,427
Current liabilities:
Accounts payable $ 594,892 594,892 22,942
Salaries payable 40,313 40,313 -
Due to other governments 4,272,833 4,272,833 -
Deposits payable 25,000 25,000 940,734
Interest payable 1,903,357 1,903,357 -
Long-term liabilities (note 7): -
Due within one year 3,955,000 3,955,000
Due in more than one year 67,571,216 911,096 68,482,312
Total liabilities 78,362,611 911,096 79,273,707 963,676
NET ASSETS
Held in trust for private purposes $ (11,470,963) (11,470,963) 49,751
See accompanying notes to the basic financial statements.
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