2012 Comprehensive Annual Financial Report - the City of Tukwila

CITY OF TUKWILA: 2012 CAFRBASIC FINANCIAL STATEMENTSCITY OF TUKWILA, WASHINGTONSTATEMENT OF NET POSITIONDECEMBER 31, 2012COMPONENTPRIMARY GOVERNMENTUNITGOV ERNMENTA L BUSINESS-TY PE TUKWILAA CTIV ITIES A CTIV ITIES TOTA L METROPOLITA NPA RK DISTRICTASSETS:CASH AND CASH EQUIVALENTS (Note 3) $ 19,537,919 $ 4,931,861 $ 24,469,780 $ 182,136INVESTMENTS (Note 3) 7,329,634 3,450,000 10,779,634 -RECEIV A BLES:TAXES (Note 4) 4,440,757 - 4,440,757 -CUSTOMER A CCOUNTS 1,062,613 1,196,224 2,258,837 -INTEREST ON INVESTMENTS 44,798 33,105 77,903 -DUE FROM OTHER GOVERNMENTAL UNITS 2,009,171 1,309,301 3,318,472 416,666INVENTORY OF MATERIALS AND SUPPLIES 402,010 598,013 1,000,024 -DUE FROM COMPONENT UNIT 860,408 - 860,408 -NOTES RECEIV A BLE - 407,215 407,215 -RESTRICTED CASH AND CASH EQUIVALENTS (Note 3) 559,067 493,777 1,052,844 -DEFERRED CHA RGES 249,721 56,028 305,749 -NET PENSION ASSET (Note 9) 336,352 - 336,352 -INVESTMENT IN JOINT VENTURES (Note 8) 10,095,461 - 10,095,461 -NON-DEPRECIABLE CAPITAL ASSETS (Note 7) 88,443,709 9,809,483 98,253,192 -DEPRECIA BLE CA PITA L A SSETS (NET OF A CCUMULATEDDEPRECIATION): (Note 7) 130,322,933 53,308,949 183,631,882 2,801,132TOTAL ASSETS 265,694,552 75,593,958 341,288,510 3,399,934LIABILITIES:ACCOUNTS PAYABLE 1,716,714 486,429 2,203,143 766,129A CCRUED WA GES A ND BENEFITS PA Y A BLE 1,353,296 107,669 1,460,964 11,593A CCRUED INTEREST PA Y A BLE 69,185 54,876 124,061 -DUE TO PRIMA RY GOV ERNMENT - - - 860,408REVENUES COLLECTED IN ADVANCE 695,979 17,804 713,783 -OTHER LIABILITIES 2,148,610 58,407 2,207,017 24,362BONDS A ND OTHER DEBT PA Y A BLE (Note 11):DUE WITHIN ONE YEAR 2,261,000 1,026,292 3,287,292 -DUE IN MORE THAN ONE YEAR 26,865,489 9,488,977 36,354,466 -NET OTHER POST EMPLOYMENT OBLIGATION (Note 10) 4,433,326 - 4,433,326 -TOTAL LIABILITIES 39,543,599 11,240,454 50,784,053 1,662,493NET POSITION: (Note 1)NET INVESTMENT IN CAPITAL ASSETS 203,206,940 52,911,741 253,253,169 2,801,132RESTRICTED FOR DEBT SERV ICE - 430,444 430,444 -RESTRICTED BY ENA BLING LEGISLA TION:TOURISM PROMOTION 710,707 - 710,707 -RESIDENTIAL STREET IMPROVEMENTS 1,046,772 - 1,046,772 -ARTERIAL STREET IMPROVEMENTS 394,755 394,755 -DRUG INV ESTIGA TION A ND ENFORCEMENT 85,125 - 85,125 -FIRE IMPROVEMENTS 348,010 - 348,010 -GENERA L GOV ERNMENT IMPROV EMENTS 164,312 - 164,312 -UNRESTRICTED NET A SSETS 20,194,333 11,011,319 34,071,164 (1,063,691)TOTAL NET POSITION $ 226,150,953 $ 64,353,504 $ 290,504,457 $ 1,737,441The notes to the financial statements are an integral part of this statement.32