APEX PARK AND RECREATION DISTRlcr Statement of Net Assets December 3 I, <strong>2009</strong> ASSETS Cash Investments Governmental Adivities S 343,192 7,584,921 Receivables (net of allowance for uncollectables) 6,932,987 Interest receivable 35,077 Internal balances (816,255) Inventories 1,985 Prepaid Items 10,296 Unamortized bond issuance costs 87,853 Capital assels not being depreciated: L<strong>and</strong> <strong>and</strong> water rights 132,962 Construction in progress 41,563 Capital assets (net ofaccumulated depreciation) Buildings 1,980,519 Improvements other than buildings 3,686,401 Machinery <strong>and</strong> equipment 349,975 Total capital assets 6,191,420 Total assets 20,371,477 LIAB! LlTIES Accounts payable <strong>and</strong> other current liabilities 1,139,381 Matured bonds <strong>and</strong> interest payable Unearned revenue 105,639 Deferred Property Tax Revenues 6,824,955 Long-term liabilities: Due within one year: Bonds payable 1,515,000 Leases payable Compensated absences 5,000 Due in more than one year: Bonds payable I 1,970,000 Unamortized bond premium 176,758 Compensated absences 185,438 Capital leases Total liabilities 21,922, 170 Business-type Adlvltl." S 9,340 51,700 816,255 144,184 1,384,012 400 19,882,621 823,230 480,654 22,570,916 23,592,395 123,523 2,874 40,411 47,602 1,000 108,495 49,726 373,631 Total $ 352,532 7,584,921 6,984,687 35,077 146,169 10,296 87,853 1,516,974 41,963 21,863,140 4,509,631 830,629 28,762,337 43,963,872 1,262,903 2,874 146,050 6,824,955 1,515,000 47,602 6,000 11,970,000 176,758 293,933 49,726 22,295,801 NET ASSETS Invested in capital assets, net of related debt (7,293,580) Reserved for: Emergencie - TABOR 193,600 Unreserved 5,549,287 Total net assets S (1 ,550,693) 22,473,589 745,175 $ 23 ,2 18,764 15,180,009 193,600 6,294,462 S 21 ,668,07 1 The notes to the financial statements are an integral pari ofthis statement. B-1
APEX PARK AND REC .. unON DISTRICT P ..... ."..I'I'""~Nt: GawnI .......... b:q1lCt aporuffilDcu Rcac:lllOn ScrIlCel Senior CCIIlrr A_"" lMaar. on IIICII'lCm\ Otbt TDUI P'~ .u¥tua ..... GoI' ToYI--. .... llCllw..cI BtUiatu-l1pt lIdirilitt: Tow....,.~ S 2.l1t.940 463,]]5 2.920,930 S17.S46 7 .... 112 691l,6fII9 S 7,6IUn , ",~n,":11 S 120,97$ 113,791 1,l~!,6S5 287,266 )n,95S S l.l61.6SO , ].ZS7,5~1 '.212:569 ",~O,IIO , 6,9011,760 0...01 "- ........ ",-""w
- Page 2 and 3: APEX PARK AND RECREATION DISTRICT,
- Page 4 and 5: TABLE OF CONTENTS INTRODUCTORY SECT
- Page 6 and 7: INTRODUCTORY SECTION LETTER OF TRAN
- Page 8 and 9: Board of Directors Jim Whitfield, P
- Page 10 and 11: President, Board Members and Distri
- Page 12 and 13: President, Board Members and Distri
- Page 14 and 15: This Page Intentionally Left Blank
- Page 16 and 17: ~~ PA II1t, .. ~~llk"'l':':' DI,111
- Page 18 and 19: FINANCIAL SECTION INDEPENDENT AUDIT
- Page 20 and 21: INDEPENDENT AUDITOR'S REpORT
- Page 22 and 23: McMAHAN AND ASSOCIATES, L.L.C. Cert
- Page 24 and 25: MANAGEMENT'S DISCUSSION AND ANALYSI
- Page 26 and 27: MANAGEMENT'S DISCUSSION AND ANALYSI
- Page 28 and 29: types. The General Fund, Conservati
- Page 30 and 31: Apex Park aad Reen.tioa District's
- Page 32 and 33: Revenues by Source - Governmental A
- Page 34 and 35: Financial Analysis ofthe Government
- Page 36 and 37: • Governmental activities capital
- Page 38 and 39: BASIC FINANCIAL STATEMENTS
- Page 42 and 43: APEl( PARK AND RECREATION DISTRICT
- Page 44 and 45: APEX PARK AND RECREATION DISTRICf R
- Page 46 and 47: APEX PARK AND RECREATION DISTRICT C
- Page 48 and 49: APEX PARK AND RECREATION DISTRICT S
- Page 50 and 51: APEX PARK AND RECREATION DISTRICT S
- Page 52 and 53: NOTES TO FINANCIAL STATEMENTS
- Page 54 and 55: APEX PARK AND RECREATION DISTRICT N
- Page 56 and 57: I. Summary of Significant Accountin
- Page 58 and 59: I. Summary of Significant Accountin
- Page 60 and 61: II. Reconciliation of Government-Wi
- Page 62 and 63: III. Stewardship, Compliance and Ac
- Page 64 and 65: IV. Detailed Notes on AU Funds A. D
- Page 66 and 67: IV, Detailed Notes on AU Funds (con
- Page 68 and 69: IV. Detailed Notes on All Funds (co
- Page 70 and 71: V. Long-Term Debt (continued) in 19
- Page 72 and 73: V. Long-Term Debt (continued) The m
- Page 74 and 75: IX. Post Employment Benefits (conti
- Page 76 and 77: BUDGETARY COMPARISON FUND SCHEDULES
- Page 78 and 79: DEBT SERVICE FUND The Debt Service
- Page 80 and 81: APEX PARK AND RECREATION DISTRICf D
- Page 82 and 83: ENTERPRISE FUNDS The Enterprise Fun
- Page 84 and 85: APEX PARK AND RECREATION DISTRICT A
- Page 86 and 87: CAPITAL ASSETS
- Page 88 and 89: APEX PARK AND RECREATION DISTRICT C
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APEX PARK AND RECREAnON DISTRICT Ca
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STATISTICAL SECTION This part of th
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APEX PARK AND RECREATION DISTRICT N
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APEX PARK AND RECREATION DISTRICT F
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APEX PARK AND RECREATION DISTRICT G
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APEX PARK AND RECREATION DISTRICT P
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APEX PARK AND RECREATION DISTRICT P
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APEX PARK AND RECREATION DISTRICT R
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.L IOttlI~ . r.JlI. h APEX PARK AND
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APEX PARK AND RECREATION DISTRICT D
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APEX PARK & RECREATION DISTRICT Ful
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APEX PARK & RECREATION DISTRICT Cap
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PARK & RECREATION DIST R I C T 1315
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