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2011 CAFR - Laredo, TX

2011 CAFR - Laredo, TX

2011 CAFR - Laredo, TX

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CITY OF LAREDO, TEXASBALANCE SHEETGOVERNMENTAL FUNDSSeptember 30, <strong>2011</strong>OTHERTOTALDEBT GOVERNMENTAL GOVERNMENTALGENERAL SERVICE FUNDS FUNDSASSETSCash and Cash Equivalents:Cash $ 15,084 - 484,431 499,515Investments 38,286,530 8,269,231 121,011,349 167,567,110Receivable, net of allowances:Accrued Interest 40,502 3,913 1,451,867 1,496,282Taxes, Penalty and Interest (Note 6) 7,832,042 1,217,241 46,824 9,096,107Accounts (Note 6) 3,455,095 - 1,784,765 5,239,860Notes (Note 6) - - 14,760,391 14,760,391Paving Assessments (Note 6) - 7,870 - 7,870Due from Other Funds 2,955,441 - 2,950 2,958,391Due from Other Governments 358,194 - 6,543,295 6,901,489Inventory, at cost 14,937 - 69,161 84,098TOTAL ASSETS 52,957,825 9,498,255 146,155,033 208,611,113LIABILITIES AND FUND BALANCESLIABILITIESAccounts Payable 1,830,889 903 2,555,123 4,386,915Retainage Payable - - 2,344,195 2,344,195Accrued Wages and Employee Benefits 3,958,909 - 916,557 4,875,466Contracts Payable 34,843 - 4,144,471 4,179,314Customer and Tenant Deposits 625 - 155,724 156,349Due to Other Funds - - 3,171,805 3,171,805Due to Other Governments 387,044 - 92,000 479,044Due to Developers - - 337,187 337,187Deferred Revenue 11,225,075 1,225,324 17,990,827 30,441,226TOTAL LIABILITIES 17,437,385 1,226,227 31,707,889 50,371,501FUND BALANCES (Note 22)Nonspendable 14,937 - 119,161 134,098Restricted 786,681 8,272,028 95,987,821 105,046,530Committed 22,393,198 - 6,756,570 29,149,768Assigned 1,613,435 - 11,709,333 13,322,768Unassigned (Deficit) 10,712,189 - (125,741) 10,586,448TOTAL FUND BALANCES 35,520,440 8,272,028 114,447,144 158,239,612TOTAL LIABILITIES AND FUNDBALANCES $ 52,957,825 9,498,255 146,155,033Amounts reported for governmental activities in the statement of net assets are different because:Capital assets used in governmental activities are not financial resources and, therefore, are notreported in the funds. 572,956,104Other long-term assets are not available to pay for current-period expenditures and, therefore,are deferred in the funds. 9,806,101Internal service funds are used by management to charge the costs of fleet management, riskmanagement, and health benefits to individual funds. The assets and liabilities of the internalservice funds are included in the governmental activities in the statement of net assets. (72,468)Long-term liabilities, including bonds payable, are not due and payable in the current period andtherefore, are not reported in the funds. (Note 2) (285,516,857)Net assets of governmental activities $ 455,412,492The notes to the financial statements are in integral part of this statement.20

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