2010 Component Unit Financial Statements - Regional ...
2010 Component Unit Financial Statements - Regional ...
2010 Component Unit Financial Statements - Regional ...
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REGIONAL TRANSPORTATION COMMISSION OF SOUTHERN NEVADA<br />
STATEMENT OF NET ASSETS<br />
JUNE 30, <strong>2010</strong><br />
ASSETS<br />
Governmental<br />
Activities<br />
Business-type<br />
Activities<br />
Cash and investments:<br />
In custody of the County Treasurer $ 149,798,377 $ 76,162,946 $ 225,961,323<br />
Cash on hand 500 10,000 10,500<br />
In custody of the fiscal agent 43,799,089 43,799,089<br />
Loaned securities 940,161 506,120 1,446,281<br />
Accounts receivable, net of allowance 2,453,381 3,301,336 5,754,717<br />
Interest receivable 678,696 365,364 1,044,060<br />
Due from other funds * 7,316,179<br />
Due from other governmental units, net of allowance 26,294,433 30,296,994 56,591,427<br />
Prepaid expenses 410,284 317,012 727,296<br />
Deferred charges 4,267,102 4,267,102<br />
Capital assets, not being depreciated 81,385,305 81,385,305<br />
Capital assets, net of accumulated depreciation 15,565,346 332,117,836 347,683,182<br />
TOTAL ASSETS 251,523,548 524,462,913 768,670,282<br />
LIABILITIES<br />
Accounts payable 26,856,974 38,980,834 65,837,808<br />
Accrued payroll 691,615 444,084 1,135,699<br />
Accrued interest 12,389,490 12,389,490<br />
Loaned securities 1,818,055 978,719 2,796,774<br />
Due to other funds * 6,103,679 1,212,500<br />
Other current liabilities 50,000 50,000<br />
Long-term liabilities:<br />
Portion due or payable within one year:<br />
Bonds and notes payable 20,860,000 20,860,000<br />
Compensated absences payable 535,093 467,669 1,002,762<br />
Portion due or payable after one year:<br />
Bonds and notes payable 649,212,126 649,212,126<br />
Compensated absences payable 1,044,859 544,067 1,588,926<br />
Other post employment benefits 1,147,868 1,207,334 2,355,202<br />
TOTAL LIABILITIES 720,659,759 43,885,207 757,228,787<br />
NET ASSETS<br />
Invested in capital assets, net of related debt 15,565,346 413,503,142 429,068,488<br />
Restricted for:<br />
Capital projects and intergovernmental capital<br />
grants 102,477,088 102,477,088<br />
Debt service 72,314,494 72,314,494<br />
Unrestricted (deficit) (659,493,139) 67,074,564 (592,418,575)<br />
TOTAL NET ASSETS $ (469,136,211) $ 480,577,706 $ 11,441,495<br />
Total<br />
* All interfund balances are eliminated in the total column. Accordingly, total balances will not foot.<br />
See accompanying notes<br />
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