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Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. |
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Sample City |
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Primary Government |
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| Governmental Activities | Business-type Activities |
Total | Component Units |
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| ASSETS | ||||
| Cash and cash equivalents | $ 13,597,899 | $ 10,279,143 | $ 23,877,042 | $ 303,935 |
| Investments | 27,365,221 | ------ | 27,365,221 | 7,428,952 |
| Receivables (net) | 12,833,132 | 3,609,615 | 16,442,747 | 4,042,290 |
| Internal balances | 175,000 | (175,000) | ------ | ------ |
| Inventories | 322,149 | 126,674 | 448,823 | 83,697 |
| Capital assets, net | 170,022,760 | 151,388,751 | 321,411,511 | 37,744,786 |
| Total assets | 224,316,161 | 165,229,183 | 389,545,344 | 49,603,660 |
| LIABILITIES | ||||
| Accounts payable | 6,783,310 | 751,430 | 7,534,740 | 1,803,332 |
| Deferred revenue | 1,435,599 | ------ | 1,435,599 | 38,911 |
| Noncurrent liabilities: | ||||
| Due within one year | 9,236,000 | 4,426,286 | 13,662,286 | 1,426,639 |
| Due in more than one year | 83,302,378 | 74,482,273 | 157,784,651 | 27,106,151 |
| Total liabilities | 100,757,287 | 79,659,989 | 180,417,276 | 30,375,033 |
| NET ASSETS | ||||
| Invested in capital assets, net of related debt | 103,711,386 | 73,088,574 | 176,799,960 | 15,906,392 |
| Restricted for: | ||||
| Capital projects | 11,705,864 | ------ | 11,705,864 | 492,445 |
| Debt service | 3,020,708 | 1,451,996 | 4,472,704 | ------- |
| Community development projects | 4,811,043 | ------ | 4,811,043 | ------- |
| Other purposes | 3,214,302 | ------ | 3,214,302 | ------- |
| Unrestricted (deficit) | (2,904,429) | 11,028,624 | 8,124,195 | 2,829,790 |
| Total net assets | $ 123,558,874 | $ 85,569,194 | $ 209,128,068 | $ 19,228,627 |