The Brazos River Authority Waco Texas

BRAZOS RIVER AUTHORITYSTATEMENTS OF NET ASSETSAUGUST 31, 2008AND 2007 (in thousands)ASSETSCURRENT ASSETS:2008 2007UNRESTRICTED:Cash and cash equivalents $ 4,008 $ 3,974Investments 46,297 36,543Receivables:Accounts 3,000 3,919Accrued interest 327 250Current portion of contracts receivables 158 152Other current assets 2,063 3,092TOTAL UNRESTRICTED 55,853 47,930RESTRICTED:Cash and cash equivalents 10,281 17,244Investments 10,792 12,931Interest 37 60TOTAL RESTRICTED 21,110 30,235TOTAL CURRENT ASSETS 76,963 78,165NONCURRENT ASSETS:CAPITAL ASSETS:Land and land rights 28,587 28,587Reservoirs, water treatment and sewerage facilities 167,349 159,514Building, structures and improvements 87,918 63,468Vehicles, furniture and equipment 16,926 15,859Construction in progress 22,173 41,786TOTAL CAPITAL ASSETS 322,953 309,214Less accumulated depreciation (95,103) (86,946)NET CAPITAL ASSETS 227,850 222,268OTHER NONCURRENT ASSETS:Storage rights, net 27,463 28,783Contract receivable, net of current portion 1,038 1,196Bond related costs 2,688 3,106Other assets, net 2,671 2,731TOTAL OTHER NONCURRENT ASSETS 33,860 35,816TOTAL NONCURRENT ASSETS 261,710 258,084TOTAL ASSETS $ 338,673 $ 336,249The accompanying notes are an integral part of these statements.16