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I
<br /> CITY OF MOUNDS VIEW, MINNESOTA '
<br /> i Schedule 1
<br /> WATER ENTERPRISE FUND
<br /> • HISTORICAL BALANCE SHEET
<br /> December 31, 1991, 1992, 1993, 1994 and 1995
<br /> I
<br /> 1991 1992 ' 1993 1994 1995
<br /> Assets
<br /> I Current Assets:
<br /> Cash and investments $3,716,182 52,315,619 51,801,694 51,485,075 51,571,172
<br /> I Cash with escrow agent 2,251,569 2,113,034 2,113,034
<br /> Accounts receivable 104,515 130,374 125,109 145,822 149,583
<br /> Total current assets 3,820,697 2,445,993 4,178,372 3,743,931 3,833,789
<br /> Property,plant and equipment,at cost:
<br /> Land 7,596 7,596 7,596 7,596 7,596
<br /> I Buildings
<br /> Distribution and collection systems 1,645,224 2,147,328 3,793,683 4,596,647 4,619,647
<br /> 2,729,549 2,828,849 2,954,098 2,954,098 2,954,098
<br /> Equipment 201,224 242,860 256,478 270,766 318,306
<br /> Water meters 82,831 57,948 54,569 62,103 328,770
<br /> Construction in progress 1,181,042 1,813,725 483,330
<br /> Total 5,847,466 7,098,306 7,549,754 7,891,210 8,228,417
<br /> Less: Accumulated depreciation (2,352,201) (2,319,911) (2,379,240) (2,581,037) (2,797,148)
<br /> INet property,plant and equipment 3,495,265 4,778,395 5,170,514 5,310,173 5,431,269
<br /> • Total assets $7,315,962 $7,224,388 $9,348,886 S9,054,104 $9,265,058
<br /> Liabilities and fund equity
<br /> Current liabilities:
<br /> Payables and accrued expenses $305,128 $238,309 $179,196 5107,032 $278,352
<br /> Bonds payable-current 55,000 80,000 85,000
<br /> ITotal current liabilities 305,128 238,309 234,196 187,032 363,352
<br /> Non-current liabilities:
<br /> Compensated absences payable 23,718 23,144 22,911 24,305 24,305
<br /> I Deposits payable 77,129 75,204 72,034 69,543 69,628
<br /> Bonds payable 2,875,000 2,875,000 5,105,000 5,025,000 4,940,000
<br /> Total non-current liabilities 2,975,847 2,973,348 5,199,945 5,118,848 5,033,933
<br /> ITotal liabilities 3,280,975 3,211,657 5,434,141 5,305,880 5,397,285
<br /> Fund equity:
<br /> Contributions-net 1,775,015 1,577,352 1,496,028 1,395,242 1,294,456
<br /> Retained earnings:
<br /> Reserved 232,820 377,891 396,691 261,643 261,643
<br /> Unreserved 2,027,152 2,057,488 2,022,026 2,091,339 2,311,674
<br /> Total retained earnings 2,259,972 2,435,379 2,418,717 2,352,982 2,573,317
<br /> • Total fund equity 4,034,987 4,012,731 3,914,745 3,748,224 3,867,773
<br /> Total liabilities and fund equity 57,315,962 57,224,388 $9,348,886 $9,054,104 $9,265,058
<br /> For internal use only-not to be relied on by others for any purpose.
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