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                                                                  City of Muskegon
                                                 Non-Major Governmental Funds

                                                  COMBINING BALANCE SHEET

                                                                  December 31, 2003




                                                                                                                                       Permanent                Total Non-Major 
                                                Special                  Debt Service                 Capital Project  Fund -Cemetery                           Governmental 
                                          Revenue Funds                        Funds                        Funds                 Perpetual Fund                      Funds
ASSETS
   Cash and cash equivalents              $       1,690,438
                                                                        $          135,750
                                                                                                      $     3,481,631
                                                                                                                                  $                      -      $        5,307,819
                                                                                                                                                                        
   Investments                                                    -                             -                           -              1,293,542
                                                                                                                                                                          1,293,542
                                                                                                                                                                        
   Receivables                                                                                                                     
      Accounts and loans                                37,684
                                                                                                -               624,583
                                                                                                                                                20,374
                                                                                                                                                                             682,641
                                                                                                                                                                             
      Special assessment                                          -                   18,205
                                                                                                             1,287,098
                                                                                                                                                          -               1,305,303
                                                                                                                                                                        
      Property taxes                                              -                   57,959
                                                                                                                            -                             -                    57,959
                                                                                                                                                                                  
   Due from other funds                                           -                             -               177,313
                                                                                                                                                          -                  177,313
                                                                                                                                                                             
   Due from other governmental units                      4,281
                                                                                                -            1,227,994
                                                                                                                                                          -               1,232,275
                                                                                                                                                                        
   Prepaid items                                          2,235
                                                                                                -                           -                             -                      2,235
                                                                                                                                                                                       

TOTAL ASSETS                              $       1,734,638
                                                                        $          211,914            $     6,798,619             $       1,313,916
                                                                                                                                                                $      10,059,087

LIABILITIES AND FUND BALANCES
Liabilities
   Accounts payable                       $            11,499
                                                                        $                      -      $          81,306
                                                                                                                                  $                      -      $             92,805
                                                                                                                                                                                  
   Accrued payroll                                           279
                                                                                                -                   5,899
                                                                                                                                                          -                      6,178
                                                                                                                                                                                       
   Due to other funds                                     4,281
                                                                                                -            1,332,505
                                                                                                                                              113,336
                                                                                                                                                                          1,450,122
                                                                                                                                                                        
   Deferred revenue                                               -                   57,959
                                                                                                             1,529,041
                                                                                                                                                          -               1,587,000
                                                                                                                                                                        
Total liabilities                                       16,059
                                                                                      57,959
                                                                                                             2,948,751
                                                                                                                                              113,336
                                                                                                                                                                          3,136,105
                                                                                                                                                                        

Fund balances
   Reserved for prepaid items                             2,235
                                                                                                -                           -                             -                      2,235
                                                                                                                                                                                       
   Reserved for perpetual care                                    -                             -                           -              1,136,782
                                                                                                                                                                          1,136,782
                                                                                                                                                                        
   Unreserved
      Designated for approved projects                            -                             -               322,568
                                                                                                                                                          -                  322,568
                                                                                                                                                                             
      Undesignated                                 1,716,344
                                                                                    153,955
                                                                                                             3,527,300
                                                                                                                                                63,798
                                                                                                                                                                          5,461,397
                                                                                                                                                                        
Total fund balances                                1,718,579
                                                                                    153,955
                                                                                                             3,849,868
                                                                                                                                           1,200,580
                                                                                                                                                                          6,922,982
                                                                                                                                                                        

TOTAL LIABILITIES AND FUND BALANCES       $       1,734,638
                                                                        $          211,914            $     6,798,619             $       1,313,916
                                                                                                                                                                $      10,059,087