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CITY OF SAN MARCOS, TEXAS
<br />STATEMENT OF NET ASSETS
<br />PROPRIETARY FUNDS
<br />SEPTEMBER 30, 2007
<br />The accompanying notes are an integral part of these financial statements.
<br />22
<br />Governmental
<br />Business -type Activities - Enterprise Funds
<br />Activities -
<br />Water and
<br />Other
<br />Internal
<br />Electric
<br />Wastewater
<br />Enterprise
<br />Total
<br />Service
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents $
<br />6,554,895
<br />$ 35,167,791
<br />$ 8,036,167 $
<br />49,758,853
<br />$ 788,663
<br />Investments
<br />10,538,239
<br />18,182,384
<br />1,692,530
<br />30,413,153
<br />1,521,958
<br />Accounts receivable, ne
<br />6,020,726
<br />3,525,901
<br />404,233
<br />9,950,860
<br />1,011
<br />Due from other fund,,
<br />1,749,593
<br />348,204
<br />59,115
<br />2,156,912
<br />517,246
<br />Inventories
<br />918,105
<br />267437
<br />-
<br />1,1 85,542
<br />-
<br />Other assets
<br />19,029
<br />1,652
<br />12
<br />20,693
<br />-
<br />Other receivables
<br />4,312
<br />-
<br />-
<br />4,312
<br />-
<br />Total current assets
<br />25,804,899
<br />57,493,369
<br />10,192,057
<br />93,490,325
<br />2,828,878
<br />Non - current assets
<br />Deferred charges
<br />236,821
<br />1,915,191
<br />143,255
<br />2,295,267
<br />-
<br />Capital assets:
<br />Land
<br />31,695
<br />1,163,029
<br />100,337
<br />1,295,061
<br />-
<br />Buildings
<br />472,092
<br />1,557,930
<br />4,339,745
<br />6,369,767
<br />-
<br />Improvements other than buildings
<br />14,204,681
<br />80,331,612
<br />10,402,171
<br />104,938,464
<br />-
<br />Furnishings and equipments
<br />1,951,339
<br />4,131,856
<br />392,171
<br />6,475,366
<br />-
<br />Construction in progress
<br />11,240,625
<br />48,348,715
<br />1,812,018
<br />61,401,358
<br />-
<br />Less accumulated depreciation (
<br />10,890,374)
<br />( 30,814,886)
<br />( 7,319,420) (
<br />49,024,680)
<br />-
<br />Total capital assets
<br />17,010,058
<br />104,718,256
<br />9,727,022
<br />131,455,336
<br />-
<br />Total non - current assets
<br />17,246,879
<br />106,633,447
<br />9,870,277
<br />133,750,603
<br />-
<br />Total assets $
<br />43,051,778
<br />$ 164,126,816
<br />$ 20,062,334 $
<br />227,240,928
<br />$ 2,828,878
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable and accrued liabilities $
<br />3,784,106
<br />$ 1,885,188
<br />$ 365,859 $
<br />6,035,153
<br />$ -
<br />Due to other funds
<br />2,751,192
<br />2,497,665
<br />94,183
<br />5,343,040
<br />-
<br />Deferred revenu(
<br />-
<br />-
<br />6,089
<br />6,089
<br />-
<br />Claims payable
<br />-
<br />-
<br />-
<br />-
<br />795,920
<br />Customer deposits
<br />1,608,929
<br />467,318
<br />-
<br />2,076,247
<br />-
<br />Accrued interest payable
<br />179,287
<br />591,299
<br />59411
<br />829,997
<br />-
<br />Current maturities of long -term debt
<br />825,000
<br />3,620,000
<br />315,000
<br />4,760,000
<br />-
<br />Total current liabilities
<br />9,148,514
<br />9,061,470
<br />840,542
<br />19,050,526
<br />795,920
<br />Non - current liabilities
<br />Long -term debt
<br />9,241,018
<br />82,295,804
<br />7,710,000
<br />99,246,822
<br />-
<br />Compensated absences
<br />134437
<br />83,508
<br />-
<br />217,945
<br />-
<br />Total non - current liabilities
<br />9,375,455
<br />82,379,312
<br />7,710, 000
<br />99 ,464,767
<br />-
<br />Total liabilities
<br />18,523,969
<br />91,440,782
<br />8,550,542
<br />118,515,293
<br />795,920
<br />NET ASSETS
<br />Invested in capital assets, net of related debt
<br />7, 180,861
<br />20,717,643
<br />9,268,767
<br />37, 167,271
<br />-
<br />Unrestricted
<br />17,346,948
<br />51,968,391
<br />2,243,025
<br />71,558,364
<br />2,032,958
<br />Total net assets $
<br />24,527,809
<br />$ 72,686,034
<br />$ 11,511,792
<br />108,725,635
<br />$ 2,032,958
<br />The assets and liabilities of certain internal service funds are not included in the fund financial
<br />statement, but are included in the business -type activities of the statement
<br />of net assets.
<br />359!1834
<br />Total net assets per government -wide financial statements
<br />$
<br />109,085,469
<br />The accompanying notes are an integral part of these financial statements.
<br />22
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