CITY OF MYRTLE BEACH, SOUTH CAROLINA BALANCE SHEET DISCRETELY PRESENTED COMPONENT UNIT MYRTLE BEACH DOWNTOWN REDEVELOPMENT CORPORATION June 30, 2010
Cash and Temporary Investments Receivables:
LIABILITIES AND FUND BALANCES
Liabilities: Accounts Payable and Accrued Expenditures Unearned Revenue Total Liabilities
Fund Balances: Reserved for: Long-Term Receivable Unreserved: Designated for: Vehicle Replacement Redevelopment Loans Undesignated Total Fund Balances
Total Liabilities and Fund Balances
Reconciliation to the Statement of Net Assets
Total Fund Balances
Amounts reported in the statement of net assets are different because:
Capital assets are not financial resources and, therefore, are not reported in the fund financial statements.
Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the fund financial statements.
Net Assets Reported in the Statement of Net Assets
15,000 60,537 609,255 685,036