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CITY OF NEW BRIGHTON, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />December 31, 2013
<br />With Comparative Totals For December 31, 2012
<br />Water Sewer Stormwater
<br />Utility Utility Management
<br />Assets
<br />Current assets:
<br /> Cash and cash equivalents 158,971$ 93,048$ 593,156$
<br /> Restricted cash and cash equivalents - - -
<br /> Accrued interest receivable 3,407 3,409 -
<br /> Due from other governmental units 3,963 - -
<br /> Accounts receivable:
<br /> Customer - unbilled 209,649 369,565 108,095
<br /> Customer - billed 155,437 266,149 -
<br /> Customer - certified to County - 208,437 -
<br /> Other - - -
<br /> Special assessments receivable:
<br /> Due from County - 13,605 300
<br /> Prepaid items - - -
<br /> Total current assets 531,427 954,213 701,551
<br />Noncurrent assets:
<br /> Capital assets:
<br /> Land 365,800 600 6,376
<br /> Buildings 4,699,672 333,018 -
<br /> Equipment - 6,997 -
<br /> Distribution and collection systems 7,562,529 8,791,910 4,155,383
<br /> Other improvements - - -
<br /> Construction in progress 352,076 58,639 156,845
<br /> Less accumulated depreciation (6,931,001) (7,797,544) (1,275,461)
<br /> Net capital assets 6,049,076 1,393,620 3,043,143
<br /> Total noncurrent assets 6,049,076 1,393,620 3,043,143
<br /> Total assets 6,580,503 2,347,833 3,744,694
<br />Liabilities
<br />Current liabilities:
<br /> Accounts payable 23,419 10,305 4,217
<br /> Interfund payable - - -
<br /> Salaries payable 10,465 8,221 2,445
<br /> Due to other governmental units 1,068 7,307 -
<br /> Contracts payable - - -
<br /> Compensated absences payable - current - - -
<br /> Total current liabilities 34,952 25,833 6,662
<br />Noncurrent liabilities:
<br /> Compensated absences payable 98,507 40,717 12,919
<br /> Total noncurrent liabilities 98,507 40,717 12,919
<br /> Total liabilities 133,459 66,550 19,581
<br />Net position:
<br /> Net investment in capital assets 6,049,076 1,393,620 3,043,143
<br /> Unrestricted 397,968 887,663 681,970
<br /> Total net position 6,447,044$ 2,281,283$ 3,725,113$
<br />38
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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