Comprehensive Annual Financial Report (CAFR) - Johnson City

CITY OF JOHNSON CITY, TENNESSEESTATEMENT OF NET ASSETSJune 30 1 2011Primary GovernmentComponent UnitGovernmental Business-Type Johnson CityActivities Activities Total Public LibraryASSETS:Cash on Hand $ 10,924 22,417 33,341 500Cash on Deposit with Paying Agent 5,560 260,804 266,364Cash in Bank 19,177,916 15,896,444 35,074,360 276,835Cash on Deposit with State of Tennessee 38,786 3,666,450 3,705,236Cash Due from Central Depository 3,337,958 10,817,804 14,155,762Investments 19,048,757 19,048,757 159,344Accounts Receivable (Net) 2,255,881 11,408,180 13,664,061 3,188Notes Receivable 35,220 118,929 154,149Internal Balances 509,872 (509,872)Taxes Receivable 30,288,686 30,288,686Less: Estimated Uncollectible (222, 165) (222,165)Intergovernmental Receivables 20,677,294 616,259 21,293,553Deposits 5,050 5,050Inventories 635,012 . 5,279,315 5,914,327Prepaid Expenses 138,147 126,559 264,706Restricted Assets:Cash or Cash Equivalents 810,024 19,791,666 20,601,690Investments 27,702,252 14,174,439 41,876,691Other Assets:Bond Issue Costs (Net) 1,453,147 1,844,320 3,297,467Customer Base (Net) 56,858 56,858Prepaid Expenses 50,000 50,000Fair Value oflnterest Rate Swap 2,854,324 2,854,324Capital Assets:Land 20,459,995 15,668,302 36,128,297Book Collection 1,138,049Buildings and Improvements 161,099,644 51,502,681 212,602,325Plant in Service 380,583,534 380,583,534Equipment and Vehicles 38,887,922 36,712,397 75,600,319 648,696Infrastructure· 161,144,578 161,144,578Less: Accumulated Depreciation (173, 773,315) (153,115,819) (326,889, 134) (542,329)· Construction in Progress 58,808,863 19,989,145 78,798,008Total Assets 395,390,332 434,960,812 830,351,144 1,684,283(Continued)13