Comprehensive Annual Financial Report

CITY OF RICHMOND, VIRGINIA
STATEMENT OF NET ASSETS
June 30, 2012
Governmental
Activities
Primary Government
Business-Type
Activities
Assets
Current Assets:
Cash and Cash Equivalents (Note 3) $ 178,130,722 $ 154,676,765 $ 332,807,487 $ 19,174,486
Receivables (Net of Allowance for Doubtful Accounts):
Taxes and Licenses 41,907,334 -- 41,907,334 --
Accounts 17,431,905 26,138,999 43,570,904 4,709,828
Internal Balances, Net 3,865,142 (3,865,142) -- --
Due From Primary Government -- -- -- 34,649,423
Due From Component Unit 288,110 -- 288,110 --
Due From Other Governments (Note 5) 45,030,953 97,704 45,128,657 29,837,698
Inventories of Materials and Supplies 162,093 12,744,504 12,906,597 478,825
Prepaid Assets 125,693 5,132,672 5,258,365 1,675,982
Total Current Assets 286,941,952 194,925,502 481,867,454 90,526,242
Total
Component Units
Non-Current Assets:
Restricted Assets - Cash and Investments (Note 3) 27,576,330 52,192,372 79,768,702 15,791,312
Deferred Expenses -- 5,413,521 5,413,521 --
Due From Component Unit 1,178,565 -- 1,178,565 --
Note Receivable (Note 6) 543,100 -- 543,100 --
Mortgage Loans Receivable and Other Non-Current Assets -- -- -- 51,117,756
Capital Assets, Net (Note 7):
Land and Works of Art/Historical Treasures 107,236,714 16,475,807 123,712,521 10,226,639
Infrastructure, Net 278,890,758 -- 278,890,758 --
Buildings, Structures, and Equipment, Net 235,898,998 869,168,615 1,105,067,613 88,416,475
Construction in Progress 239,661,756 239,288,759 478,950,515 23,202,180
Total Capital Assets, Net 861,688,226 1,124,933,181 1,986,621,407 121,845,294
Total Non Current Assets 890,986,221 1,182,539,074 2,073,525,295 188,754,362
Total Assets $ 1,177,928,173 $ 1,377,464,576 $ 2,555,392,749 $ 279,280,604
(Continued)
16