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

STATEMENT F
ST. TAMMANY PARISH, LOUISIANA
Statement of Net Assets
Proprietary Funds
December 31, 2010
BUSINESS-TYPE ACTIVITIES-ENTERPRISE FUNDS
526 622, 623
GOVERNMENTAL
ACTIVITIES
St. Tammany Parish Utility TOTAL INTERNAL
State Complex Operations ENTERPRISE SERVICE
(Non-major) (Major) FUNDS FUNDS
Current Year Prior Year Current Year Prior year Current Year Current Year
ASSETS
Current Assets
Cash and cash equivalents $ 221,392 $ 30,876 $ 1,788,870 $ 344,749 $ 2,010,262 $ 7,045,836
Investments 603,598 436,239 2,923,267 1,113,413 3,526,865 19,332,496
Receivable, net of allowance
for uncollectibles 3,347 2,305 775,188 210,307 778,535 285,357
Due from other funds - - - - - 947,533
Due from component units - - - - - 6,433
Prepaid items 1,119 1,281 - - 1,119 18,181
Deferred charges - - 683,886 17,250 683,886 -
Restricted assets - - 3,703,283 - 3,703,283 -
Other assets - - 13,384 7,417 13,384 -
Total Current Assets 829,456 470,701 9,887,878 1,693,136 10,717,334 27,635,836
Non-Current Assets
Land and construction in progress - - 666,067 878,488 666,067 1,718,617
Other capital assets, net of depreciation 4,011,939 4,118,505 42,902,083 8,232,969 46,914,022 10,906,228
Total Non-Curren Current Assets 4, 011 , 939
4, 118 , 505
43, 568 , 150
9, 111 , 457
47, 580 , 089
12, 624 , 845
TOTAL ASSETS 4,841,395 4,589,206 53,456,028 10,804,593 58,297,423 40,260,681
LIABILITIES
Current Liabilities
Accounts, salaries, and other payables 35,385 14,070 706,977 242,386 742,362 684,475
Unearned revenue 40,800 40,384 - - 40,800 17,212
Interest payable - - 824,155 - 824,155 -
Bonds payable - - 5,000 - 5,000 -
Other liabilities - - 889,319 106,164 889,319 594,153
Total Current Liabilities 76,185 54,454 2,425,451 348,550 2,501,636 1,295,840
Non-Current Liabilities
Claims payable - - - - - 2,053,250
Payable to PEHP - - - - - 682,550
Health plan payable - retirees - - - - - 1,612,004
Bonds payable - - 41,451,886 - 41,451,886 -
Total Non-Current Liabilities - - 41,451,886 - 41,451,886 4,347,804
Total Liabilities 76,185 54,454 43,877,337 348,550 43,953,522 5,643,644
NET ASSETS
Invested in capital assets,
net of related debt 4,011,939 4,118,505 2,111,264 9,111,457 6,123,203 12,624,845
Restricted for:
Debt service - - 824,152 - 824,152 -
Bond retirement - - 2,638,439 - 2,638,439 -
Capital projects - - 240,692 - 240,692 -
Unrestricted 753,271 416,247 3,764,144 1,344,586 4,517,415 21,992,192
TOTAL NET ASSETS $ 4,765,210 $ 4,534,752 $ 9,578,691 $ 10,456,043 $ 14,343,901 $ 34,617,037
The accompanying notes are an integral part of this statement.
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