Comprehensive Annual Financial Report - St. Tammany Parish ...

ST. TAMMANY PARISH, LOUISIANA
Statement of Net Assets
December 31, 2010
STATEMENT A
PRIMARY GOVERNMENT
BUSINESS-
GOVERNMENTAL TYPE
ACTIVITIES ACTIVITIES
TOTAL
COMPONENT
UNITS
TOTAL
ASSETS
Cash and cash equivalents $ 59,997,630 $ 2,010,262 $ 62,007,892 $ 32,788,579 $ 94,796,471
Investments 132,758,829 3,526,865 136,285,694 20,327,700 156,613,394
Receivables (net of allowances for uncollectibles) 55,100,218 778,535 55,878,753 56,885,197 112,763,950
Due from primary government/component units 24,328 - 24,328 13,167,974 13,192,302
Inventory - - - 1,557,477 1,557,477
Prepaid items 29,682 1,119 30,801 525,291 556,092
Deferred charges 1,470,640 683,886 2,154,526 837,159 2,991,685
Restricted assets 9,715,716 3,703,283 13,418,999 247,310 13,666,309
Other assets - 13,384 13,384 77,108 90,492
Capital assets:
Land, improvements and construction in progress 74,338,816 666,067 75,004,883 14,981,526 89,986,409
Other capital assets, net of depreciation 258,931,385 46,914,022 305,845,407 66,630,350 372,475,757
TOTAL ASSETS 592,367,244 58,297,423 650,664,667 208,025,671 858,690,338
LIABILITIES
Accounts, salaries and other payables 23,451,356 742,362 24,193,718 4,120,879 28,314,597
Payable from restricted assets - - - 104,287 104,287
Due to primary government/component units 13,110,614
- 13,110,614
81,688
13,192,302
Unearned revenues 2,567,837 40,800 2,608,637 90,555 2,699,192
Other liabilities 4,398,168 889,319 5,287,487 80,659 5,368,146
Interest payable 2,111,071 824,155 2,935,226 684,628 3,619,854
Long-term liabilities:
Due within one year 8,417,570 5,000 8,422,570 5,210,558 13,633,128
Due in more than one year 120,725,826 41,451,886 162,177,712 35,582,768 197,760,480
TOTAL LIABILITIES 174,782,442 43,953,522 218,735,964 45,956,022 264,691,986
NET ASSETS
Invested in capital assets, net of related debt 211,328,735 6,123,203 217,451,938 47,982,886 265,434,824
Restricted for:
Capital projects - 240,692 240,692 596,020 836,712
Debt service 6,419,484 824,152 7,243,636 5,033,144 12,276,780
Bond retirement 4,586,120 2,638,439 7,224,559 - 7,224,559
Other purposes - - - 1,373,539 1,373,539
Unrestricted 195,250,463 4,517,415 199,767,878 107,084,060 306,851,938
TOTAL NET ASSETS $ 417,584,802 $ 14,343,901 $ 431,928,703 $ 162,069,649 $ 593,998,352
The accompanying notes are an integral part of this statement.
29