WESTERN COVENTRY FIRE DISTRICT
STATEMENT OF NET ASSETS
AND GOVERNMENTAL FUNDS BALANCE SHEET
April 30, 2010

 

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

266,811

   266,811   266,811
Money Market Account 8,057   8,057   8,057
Taxes receivable (net of allowance for uncollectable taxes of $7,000) 133,383   133,383   133,383
Other Receivable 428   428   428
Prepaid expenses 8,949   8,949   8,949
Internal receivable   273,302 273,302 (273,302)  
Land       134,400 134,400
Other capital assets, net of accumulated depreciation       2,646,377 2,646,377
TOTAL ASSETS $417,628 $273,302 $690,930 $2,507,474 $3,198,405

 

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

27,770

   27,770   27,770
Wages & benefits payable 11,601   11,601   11,601
Internal payable 273,302   273,302 (273,302)  
Firemen Fund   1,494 1,494   1,494
Long-Term Liabilities          
Due within one year       14,616 14,616
Due after one year       1,495,588 1,495,588
TOTAL LIABILITIES $312,674 $1,494 $314,167 $1,236,901 $1,551,068

 

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

104,954

   104,954 (104,954) -
Capital reserve   74,280 74,280 (74,280) -
Rescue recovery   197,529 197,529 (197,529) -
TOTAL FUND BALANCE 104,954 271,809 376,763 (376,763) -
TOTAL LIABILITIES & FUND BALANCES $417,628 $273,302 $690,930    
Net Assets:          
Investment in capital assets net of related dept       1,270,573 1,270,573
Unrestricted       376,763 376,763
Total Net assets       $1,647,336 $1,647,336

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