WESTERN COVENTRY FIRE DISTRICT
STATEMENT OF NET ASSETS
AND GOVERNMENTAL FUNDS BALANCE SHEET
January 31, 2010

 

  General Fund Other Funds Total Adjustments (Note A) Statement of Net Assets
ASSETS          
Centreville Bank Accounts

130,897

   130,897   130,897
Money Market Account 188,055   188,055   188,055
Taxes receivable (net of allowance for uncollectable taxes of $7,000) 202,991   202,991   202,991
Other Receivable 0   0   0
Prepaid expenses 8,949   8,949   8,949
Internal receivable   244,632 244,632 (244,632)  
Land       134,400 134,400
Other capital assets, net of accumulated depreciation       2,638,714 2,638,714
TOTAL ASSETS $530,892 $244,632 $775,524 $2,528,481 $3,304,005

 

  General Fund Other Funds Total Adjustments (Note A) Statement of Net Assets
LIABILITIES          
Accounts payable

25,146

   25,146   25,146
Wages & benefits payable 13,133   13,133   13,133
Internal payable 244,632   244,632 (244,632)  
Firemen Fund   1,312 1,312   1,312
Long-Term Liabilities          
Due within one year       14,616 14,616
Due after one year       1,501,669 1,501,669
TOTAL LIABILITIES $282,911 $1,312 $284,223 $1,271,653 $1,555,876

 

  General Fund Other Funds Total Adjustments (Note A) Statement of Net Assets
FUND BALANCES:          
Unreserved

247,981

   247,981 (247,981) -
Capital reserve   78,841 78,841 (78,841) -
Rescue recovery   164,479 164,479 (164,479) -
TOTAL FUND BALANCE 247,981 $243,320 $491,301 (491,301) -
TOTAL LIABILITIES & FUND BALANCES $530,892 $244,632 $775,524    
Net Assets:          
Investment in capital assets net of related dept       1,256,829 1,256,829
Unrestricted       491,301 491,301
Total Net assets       $1,748,130 $1,748,130

NOTE A - Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds.