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Governmental Sample Financial Statements

Governmental Sample Financial Statements - Sample City(Govt...

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Sample City ( Govt. Wide , Accrual Basis, Economic Resources) STATEMENT OF NET ASSETS December 31, 2010 FIDUCCIARY FUNDS EXCLUDED Govt Fund & Internal Svce Primary Government Governmental Activities Business-type Activities (enterprise) Total Component Units Assets: Cash and cash equivalents $13,597,899 $10,279,143 $23,877,042 $303,935 Investments 27,365,221 -- 27,365,221 7,428,952 Receivables (net) 12,833,132 3,609,615 16,442,747 4,042,290 Internal balances 175,000 (175,000) -- -- Inventories 322,149 126,674 448,823 83,697 Capital assets, net (Note 1) 170,022,760 151,388,751 321,411,511 37,744,786 Total assets 224,316,161 165,229,183 389,545,344 49,603,660 Liabilities Accounts payable 6,783,310 751,430 7,534,740 1,803,332 Deferred revenue 1,435,599 -- 1,435,599 38,911 Noncurrent liabilities (Note 2): Due within one year 9,236,000 4,426,286 113,662,286 1,426,639 Due in more than one year 83,302,378 74,482,273 157,784,651 27,106,151 Total liabilities 100,757,287 79,659,989 180,417,276 30,375,033 Net Assets Invested in capital assets, net of related debt 103,711,386 73,088,574 176,799,960 15,906,392 Restricted for: Capital projects 11,705,864 -- 11,705,864 492,445 Debt service 3,020,708 1,451,996 4,472,704 -- Community development projects 4,811,043 -- 4,811,043 -- Other purposes 3,214,302 -- 3,214,302 -- Unrestricted (deficit) (2,904,429) 11,028,624 8,124,195 2,829,790 Total net assets $123,558,874 $85,569,194 $209,128,068 $19,228,627 Net assets restricted for capital projects includes approximately $13 million of capital debt for which the proceeds have not yet been used to construct capital assets. 1
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Sample City STATEMENT OF ACTIVITIES ( ACCRUAL BASIS) govt-wide For the Year Ended December 31, 2010 The detail presented for government activities represents the minimum requirement. Governments are encouraged to provide more details—for example, police, fire, EMS, and inspections—rather than simply “public safety.” Program Revenues Net (expense) revenue and changes in net assets Primary Government Functions/Programs: Expenses Charges for Services Operating grants & contribution s Capital grants and contribution s Governmenta l Activities Business- type Activities Total Component Units Primary government Governmental activities: General government $9,571,410 $3,146,915 $843,617 -- (5,580,878) -- $(5,580,878) $ - Public safety 34,844,749 1,198,855 1,307,693 62,300 (32,275,901) -- (32,275,901) -- Public works 10,128,538 850,000 -- 2,252,615 (7,025,923) -- (7,025,923) -- Engineering services 1,299,645 704,793 -- -- (594,852) -- (594,852) -- Health and sanitation 6,738,672 5,612,267 575,000 -- (551,405) -- (551,405) -- Cemetery 735,866 212,496 -- -- (523,370) -- (523,370) -- Culture and recreation 11,532,350 3,995,199 2,450,000 -- (5,087,151) -- (5,087,151) -- Community development 2,994,389 -- -- 2,580,000 (414,389) -- (414,389) -- Education (payment to school district) 21,893,273 -- -- -- (21,893,273) -- (21,893,273) -- Interest on long-term debt 6,068,121 -- -- -- (6,068,121) -- (6,068,121) -- Total governmental activities 105,807,013 15,720,525 5,176,310 4,894,915 (80,015,263) -- (80,015,263) -- Business-type activities: Water 3,595,733 4,159,350 -- 1,159,909 -- 1,723,526 1,723,526 -- Sewer 4,912,853 7,170,533 -- 486,010 -- 2,743,690 2,743,690 -- Parking facilities 2,796,283 1,344,087 -- -- -- (1,452,196) (1,452,196) -- Total business-type activities 11,304,869 12,673,970 -- 1,645,919 -- 3,015,020 3,015,020 -- Total primary government $117,111,88 2 $28,394,495 $5,176,310 $6,540,834 (80,015,263) 3,015,020 (77,000,243) -- Component units Landfill $3,382,157 $3,857,858 $-- $11,397 -- -- -- 487,098 Public school system 31,186,498 705,765 3,937,083 -- -- -- -- (26,543,650 ) Total component units $34,568,655 $4,563,623 $3,937,083 $11,397 -- -- -- (26,056,552 ) 2
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Sample City STATEMENT OF ACTIVITIES (continued) (GOVT-WIDE) For the Year Ended December 31, 2010 Program Revenues Net (expense) revenue and changes in net assets Primary Government Functions/Programs: Expenses Charges for Services Operating grants & contribution s Capital grants and contribution s Governmental Activities Business- type Activities Total Component Units Total primary government $117,111,882 $28,394,49 5 $5,176,310 $6,540,834 (80,015,263) 3,015,020 (77,000,243) -- Component units Landfill $3,382,157 $3,857,858 $-- $11,397 -- -- -- 487,098 Public school system 31,186,498 705,765 3,937,083 -- -- -- -- (26,543,650 ) Total component units $34,568,655 $4,563,623 $3,937,083 $11,397 -- -- -- (26,056,552 ) General revenues: Taxes: Property taxes, Levied for general purposes 51,693,573 -- 51,693,573 -- Property taxes, levied For debt service 4,726,244 -- 4,726,244 -- Franchise taxes 4,055,505 -- 4,055,505 -- Public service taxes 8,969,887 -- 8,969,887 --
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