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CITY OF SAN MARCOS, TEXAS
<br />COMBINING STATEMENT OF NET ASSETS
<br />NONMAJOR ENTERPRISE FUNDS
<br />SEPTEMBER 30, 2007
<br />67
<br />Enterprise
<br />Stormwater
<br />Waste
<br />Airport
<br />Drainage
<br />Collection
<br />Total
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents
<br />$ 677,576
<br />$ 7,026,513
<br />$ 332,078
<br />$ 8,036,167
<br />Investments
<br />-
<br />1,692,530
<br />-
<br />1,692,530
<br />Accounts receivable, net
<br />44,911
<br />160,038
<br />199,284
<br />404,233
<br />Due from other funds
<br />59,099
<br />16
<br />-
<br />59,115
<br />Other assets
<br />12
<br />-
<br />-
<br />12
<br />Total current assets
<br />781,598
<br />8,879,097
<br />531,362
<br />10,192,057
<br />Non - current assets:
<br />Deferred charges
<br />-
<br />143,255
<br />-
<br />143,255
<br />Capital assets:
<br />Land and improvements
<br />100!1337
<br />-
<br />-
<br />100!1337
<br />Buildings
<br />4,339,745
<br />-
<br />-
<br />4,339,745
<br />Improvements other than buildings
<br />7,798,670
<br />2,603,501
<br />-
<br />10,402,171
<br />Furnishing and equipment
<br />21,137
<br />371,034
<br />-
<br />392,171
<br />Construction in progress
<br />438,837
<br />1,373,181
<br />-
<br />1,812,018
<br />Less: accumulated depreciation
<br />( 7,066,428)
<br />( 252,992)
<br />-
<br />( 7,319,420)
<br />Total capital assets,
<br />net of accumulated depreciation
<br />5,632,298
<br />4,094,724
<br />-
<br />9,727,022
<br />Total non - current assets
<br />5,632,298
<br />4,237,979
<br />-
<br />9,870,277
<br />Total assets
<br />6,413,896
<br />13,117,076
<br />531,362
<br />20,062,334
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable and accrued liabilities
<br />27,151
<br />109,805
<br />228,903
<br />365,859
<br />Accrued interest payable
<br />-
<br />59411
<br />-
<br />59411
<br />Due to other funds
<br />76,217
<br />17,966
<br />-
<br />94,183
<br />Deferred revenue
<br />6,089
<br />-
<br />-
<br />6,089
<br />Current maturities of long -term debt
<br />-
<br />315,000
<br />-
<br />315,000
<br />Total current liabilities
<br />109457
<br />502,182
<br />228,903
<br />840,542
<br />Non - current liabilities:
<br />Long -term debt
<br />-
<br />7,710,000
<br />-
<br />7,710,000
<br />Total non - current liabilities
<br />-
<br />7,710,000
<br />-
<br />7,710,000
<br />Total liabilities
<br />109457
<br />8,212,182
<br />228,903
<br />8,550,542
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />5,632,298
<br />3,636,469
<br />-
<br />9,268,767
<br />Unrestricted
<br />672,141
<br />1,268,425
<br />302459
<br />2,243,025
<br />Total net assets
<br />$ 6,304,439
<br />$ 4,904,894
<br />$ 302459
<br />$ 11,511,792
<br />67
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