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CITY OF SULPHUR, LOUISIANA

BALANCE SHEET GOVERNMENTAL FUNDS June 30,2007

General Fund

Sales Tax Fund

Public

Governmental

Governmental

Improvement

Funds

Funds

1 996- 1 997

Capital Project Fund

Other

Total

$

-

$

6.898,669

$

1 ,21 3,220

1 .000

$

1,213,220

$

6,899,669

$

ASSETS Cash Receivables Inventories Investments

Total assets

$ 13,234,123

2,520,141

$ 23,867,153

$

8,159,942

832,808 39,673 4,201,700

17,382,871 2,242,909 39,673 4,201,700

2,324,260 1 95,88 1

$

LIABILITIES AND FUND BALANCE

LIABILITIES Accounts payable and accrued liabilities

734,143

$

291,910

$

186,772

S

74,508

$

1,287,333

FUND BALANCE Reserved for debt service Unreserved - undesignatcd reported in: General fund Special revenue funds Debt service funds Capital projects funds

Total fund balance

Total liabilities and fund balance

12,499.980

12,499,980

993,030

993,030

12,499,980

109,497 1,343,106

921,310 109,497 8,056,003

2,445,633

22,579,820

2,520,141

$ 23,867.153

$

921,310

921,310

6,712,897 6,712,897

Amounts reported for governmental activities in the statement of net assets are differenet because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds Internal service funds are used by management to charge the cost of insurance to individual funds. The assets and liabilities of the internal service fund are included in governmental activities in the statement of net assets Long-term liabities, including bonds payable, special assessment debt, accrued interest payable, and compensated absences payable, are not due and payable in the current period and therefore are not reported in the funds Prepaid expenses are not reported in the funds

23,859,631

1,958.329

(19,663,029) 161,199

$ 28.895,950

The notes to the financial statements are an integral part of this statement.

21

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