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                                                                            City of Muskegon
                                                  Non-Major Governmental Funds

                                                   COMBINING BALANCE SHEET

                                                                       December 31, 2002




                                                                                                                                                                          Total Non-Major 
                                                Special                           Debt Service                 Capital Project                  Permanent                 Governmental 
                                          Revenue Funds                                 Funds                        Funds                         Funds                        Funds
ASSETS
   Cash and cash equivalents              $          178,609
                                                                                 $          250,798
                                                                                                               $     2,772,199
                                                                                                                                           $                       -      $        3,201,606
                                                                                                                                                                                   
   Investments                                                    -                                      -                           -               1,292,955
                                                                                                                                                                                    1,292,955
                                                                                                                                                                                   
   Receivables                                                                                                                              
      Accounts and loans                                          -                                      -               672,002
                                                                                                                                                          23,104
                                                                                                                                                                                       695,106
                                                                                                                                                                                        
      Special assessment                                          -                            28,384
                                                                                                                      1,243,968
                                                                                                                                                                    -               1,272,352
                                                                                                                                                                                   
      Property taxes                                              -                            60,054
                                                                                                                                     -                              -                    60,054
                                                                                                                                                                                             
   Due from other funds                            2,000,000
                                                                                                         -                           -                              -               2,000,000
                                                                                                                                                                                   
   Due from other governmental units                      4,281
                                                                                                         -            1,336,581
                                                                                                                                                                    -               1,340,862
                                                                                                                                                                                   
   Prepaid items                                          1,841
                                                                                                         -                           -                              -                      1,841
                                                                                                                                                                                                  

TOTAL ASSETS                              $       2,184,731
                                                                                 $          339,236            $     6,024,750             $        1,316,059
                                                                                                                                                                          $        9,864,776

LIABILITIES AND FUND BALANCES
Liabilities
   Accounts payable                       $              7,677
                                                                                 $                      -      $        375,331
                                                                                                                                           $                       -      $           383,008
                                                                                                                                                                                        
   Accrued payroll                                           246
                                                                                                         -                   5,957
                                                                                                                                                                    -                      6,203
                                                                                                                                                                                                  
   Due to other funds                                     4,281
                                                                                                         -            1,560,775
                                                                                                                                                        105,628
                                                                                                                                                                                    1,670,684
                                                                                                                                                                                   
   Deferred revenue                                               -                            88,438
                                                                                                                      1,535,443
                                                                                                                                                                    -               1,623,881
                                                                                                                                                                                   
   Compensated absences payable                              252
                                                                                                         -                           -                              -                         252
                                                                                                                                                                                                       
Total liabilities                                       12,456
                                                                                               88,438
                                                                                                                      3,477,506
                                                                                                                                                        105,628
                                                                                                                                                                                    3,684,028
                                                                                                                                                                                   

Fund balances
   Reserved for prepaid items                             1,841
                                                                                                         -                           -                              -                      1,841
                                                                                                                                                                                                  
   Reserved for endowments                                        -                                      -                           -               1,107,594
                                                                                                                                                                                    1,107,594
                                                                                                                                                                                   
   Reserved for loans                                             -                                      -               932,608
                                                                                                                                                                    -                  932,608
                                                                                                                                                                                        
   Reserved for debt service                                      -                          250,798
                                                                                                                                     -                              -                  250,798
                                                                                                                                                                                        
   Unreserved
      Designated for approved projects                            -                                      -               207,105
                                                                                                                                                                    -                  207,105
                                                                                                                                                                                        
      Undesignated                                 2,170,434
                                                                                                         -            1,407,531
                                                                                                                                                        102,837
                                                                                                                                                                                    3,680,802
                                                                                                                                                                                   
Total fund balances                                2,172,275
                                                                                             250,798
                                                                                                                      2,547,244
                                                                                                                                                     1,210,431
                                                                                                                                                                                    6,180,748
                                                                                                                                                                                   

TOTAL LIABILITIES AND FUND BALANCES       $       2,184,731
                                                                                 $          339,236            $     6,024,750             $        1,316,059
                                                                                                                                                                          $        9,864,776