|
CITY OF MOUNDS VIEW, MINNESOTA
<br /> Exhibit 4
<br /> WAlt.RENTERPRISE FUND
<br /> • PROJEC•itD BALANCE SHEET
<br /> December 31, 1990, 1991, 1992, 1993 and 1994 , cz :.
<br /> •
<br /> - - ; . : ._fee !c •i' R-3r/eac .
<br /> y
<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 /> Other current
<br /> Total current assets 1.787,387 1,800,819 1.784.911 1.768.334 1,844.018
<br /> 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 /> 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 /> 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 /> 0 Total assets $4,218,334 S6,291.575 $6,147.581 $6,018.844 55.908.288
<br /> Liabilities and fund equity
<br /> Current liabilities:
<br /> Payables and accrued expenses 535,118 $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 /> 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 /> Bonds payable 2.085,000 2,020.000 1.950.000 1.875.000
<br /> On .---. -- , ! 1 I :3 1952,892
<br /> Total liabilities 128.853 2.271.581 2.209,440 2.142.437 2.070.579
<br /> Fund equity:
<br /> Contributions-net 1.888.255 1,788.314 1.688.373 1.588.432 1.488.491
<br /> Retained earnings:
<br /> 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 /> Total liabilities and fund equity $4.218.334 $6.291,575 $6.147.581 S6.018.844 S5.908.288
<br /> •
<br />
|