2007 Annual Report - Town of Wilton

Audit ReportTOWN OF WILTON, CONNECTICUTSTATEMENT OF NET ASSETSJune 30, 2007GovernmentalType Business-TypeActivities Activities Total*AssetsCash and cash equivalents $ 37,317,093 $ 7,365,635 $ 44,682,728Receivables, net of allowances for collection losses:Property taxes 1,477,227 - 1,477,227Intergovernmental 2,048,686 - 2,048,686Special assessments 231,560 334,389 565,949Other 619,769 - 619,769Inventories 12,717 - 12,717Prepaids and other 21,881 - 21,881Net pension asset 2,234 - 2,234Capital assets, net of accumulated depreciation 141,070,571 2,818,313 143,888,884Total assets 182,801,738 10,518,337 193,320,075LiabilitiesAccounts payable and accrued liabilities 10,399,026 342,122 10,741,148Intergovernmental payables 19,625 - 19,625Property taxes collected in advance 2,054,645 - 2,054,645Unearned revenues 688,672 67,188 755,860Internal balances (201,493) 201,493 -Noncurrent liabilities:Due within one year 6,832,024 35,002 6,867,026Due in more than one year 65,648,352 44,208 65,692,560Total liabilities 85,440,851 690,013 86,130,864Net AssetsInvestment in capital assets, net of related debt 71,287,195 2,739,103 74,026,298Unrestricted 26,073,692 7,089,221 33,162,913Total net assets $ 97,360,887 $ 9,828,324 $ 107,189,211The notes to the financial statements are an integral part of this statement.* After internal receivables and payables have been eliminated.Audit Report35