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<br /> CITY OF MOUNDS VIEW, MINNESOTA
<br /> Exhibit 4
<br /> I WATER ENTERPRISE FUND
<br /> PROJECTED BALANCE SHEET
<br /> I")'''( ''t:'December 31, 1990, 1991, 1992, 1993 and 1994 r, ,F ,r
<br /> ;r11,113(11'4-i'
<br /> i,i! U$t, iV$fl
<br /> I
<br /> 1990 1991 1992 1993 1994
<br /> Assets
<br /> Current Assets:
<br /> Cash and investments $1,686,887 $1,694,166 $1,666,364 $1,643,483 $1,707,002
<br /> Accounts receivable 100,500 106,653 118,547 124,851 137,016
<br /> I Other current
<br /> Total current assets 1,787,387 1,800,819 1,784,911 1,768,334 1,844,018
<br /> I Property,plant and equipment,at cost:
<br /> Land 7,596 7,596 7,596 7,596 7,596
<br /> Buildings 1,630,529 1,630,529 1,630,529 1,630,529 1,630,529
<br /> Lift stations
<br /> I Distribution and collection systems 2,729,549 4,929,549 4,965,949 4,965,949 4,965,949
<br /> Equipment 254,772 269,682 285,982 360,582 365,582
<br /> Water meters 130,551 130,551 130,551 130,551 130,551
<br /> Total 4,752,997 6,967,907 7,020,607 7,095,207 7,100,207
<br /> I Less: Accumulated depreciation (2,322,050) (2,477,151) (2,657,937) (2,844,697) (3,035,937)
<br /> Net property,plant and equipment 2,430,947 4,490,756 4,362,670 4,250,510 4,064,270
<br /> ITotal assets $4,218,334 $6,291,575 $6,147,581 $6,018,844 $5,908,288
<br /> Liabilities and fund equity
<br /> I Current liabilities:
<br /> Payables and accrued expenses $35,118 $36,874 $38,718 $40,654 $42,687
<br /> Bonds payable-current 60,000 65,000 70,000 75,000
<br /> Total current liabilities 35,118 96,874 103,718 110,654 117,687
<br /> I Non-current liabilities
<br /> Compensated absences payable 17,430 18,302 19,217 20,178 21,187
<br /> Deposits payable 76,305 71,405 66,505 61,605 56,705
<br /> I Bonds payable
<br /> Total non-current liabilities 2,085,000 2,020,000 1,950,000 1.875,000
<br /> 93,735 2,174,707 2,105,722 2,031,783 1,952,892
<br /> • i.•ilitie 128 853 2 271 581 2 209 440 2 142 437 2 070 579
<br /> I Fund equity:
<br /> Contributions-net 1,888,255 1,788,314 1,688,373 1,588,432 1,488,491
<br /> Retained earnings:
<br /> I Reserved 134,045 134,045 134,045 134,045 134,045
<br /> Unreserved 2,067,181 2,097,635 2,115,723 2,153,930 2,215,173
<br /> Total retained earnings 2,201,226 2,231.680 2,249,768 2,287,975 2,349,218
<br /> Total fund equity 4,089,481 4,019,994 3,938,141 3,876,407 3,837,709
<br /> ITotal liabilities and fund equity $4,218,334 $6,291,575 $6,147,581 $6,018,844 $5,908,288
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