2012 Comprehensive Annual Financial Report - the City of Tukwila

CITY OF TUKWILA: 2012 CAFRBASIC FINANCIAL STATEMENTSCITY OF TUKWILA, WASHINGTONSTATEMENT OF NET POSITIONPROPRIETARY FUNDSDECEMBER 31, 2012GOVERNMENTALFOSTER SURFACE TOTAL ACTIVITIESWATER SEWER GOLF WATER ENTERPRISE INTERNALUTILITY UTILITY COURSE UTILITY FUNDS SERVICE FUNDSCURRENT ASSETS:CASH AND CASH EQUIVALENTS $ 912,764 $ 1,457,624 $ 253,483 $ 2,307,990 $ 4,931,861 $ 7,198,512INVESTMENTS 3,450,000 - - - 3,450,000 5,280,170RECEIVABLES:CUSTOMER ACCOUNTS 380,970 635,750 5,982 206,628 1,229,330 395INTEREST ON INVESTMENTS - - - - - 44,798DUE FROM OTHER GOVERNMENTAL UNITS 1,261,696 - - 47,605 1,309,301INVENTORY OF MATERIALS AND SUPPLIES 240,508 52,195 255,978 49,332 598,013 12,319CURRENT ASSETS RESTRICTED:CASH AND CASH EQUIVALENTS 6,035 - 57,297 - 63,332TOTAL CURRENT ASSETS 6,251,973 2,145,569 572,740 2,611,556 11,581,838 12,536,195NONCURRENT ASSETS:RESTRICTED CASH, CASH EQUIVALENTS 266,713 126,834 - 36,897 430,444 -NOTES RECEIVABLE - 407,215 - - 407,215 -DEFERRED CHARGES 14,567 34,737 - 6,723 56,028 -CAPITAL ASSETS:LAND 87,347 69,525 1,609,575 447,671 2,214,118 -BUILDINGS AND EQUIPMENT 1,416,567 2,181,410 6,627,496 1,165,129 11,390,602 -OTHER IMPROVEMENTS 18,707,738 13,199,956 3,559,992 36,361,529 71,829,216 -MACHINERY AND EQUIPMENT 825,311 1,249,739 169,496 50,707 2,295,253 9,390,266CONSTRUCTION IN PROGRESS 2,705,804 2,618,502 - 2,271,059 7,595,365 -LESS: ACCUMULATED DEPRECIATION (8,992,732) (6,753,598) (4,196,843) (12,318,962) (32,262,134) (7,344,507)TOTAL CAPITAL ASSETS (NET OF A/D) 14,750,035 12,565,535 7,769,716 27,977,134 63,062,420 2,045,759PLANT ACQUISITION ADJUSTMENT (NET OFACCUMULATED AMORTIZATION) 56,012 - - - 56,012 -TOTAL NONCURRENT ASSETS 15,087,328 13,134,321 7,769,716 28,020,754 64,012,120 2,045,759TOTAL ASSETS 21,339,301 15,279,890 8,342,456 30,632,310 75,593,958 14,581,953LIABILITIES:CURRENT LIABILITIES:ACCOUNTS PAYABLE 22,463 313,530 1,684 148,753 486,430 -ACCRUED WAGES AND BENEFITS 26,900 15,179 28,098 37,491 107,669 17,892DUE TO OTHER GOVERNMENTAL UNITS 95,080 192,261 - 270,953 558,293 -ACCRUED INTEREST PAYABLE 34,361 11,387 - 9,129 54,876 -OTHER CURRENT LIABILITIES - 964 2,035 - 2,999 1,879,990UNEARNED REVENUE 5,042 - 129 12,633 17,804 -REVENUE BOND PRINCIPAL 365,100 83,700 - 16,200 465,000 -DEPOSITS 6,035 - 52,372 - 58,407 -TOTAL CURRENT LIABILITIES 554,981 617,021 84,318 495,159 1,751,477 1,897,882NONCURRENT LIABILITIES:REVENUE BONDS PAYABLE (NET OF UNAMORTIZED PREMIUMS) 1,354,755 1,479,304 - 286,317 3,120,376 -(NET OF UNAMORTIZED PREMIUMS), Note 11COMPENSATED ABSENCES 93,767 46,639 84,033 81,092 305,531 -OTHER LONG-TERM LIABILITIES 1,002,514 2,114,869 - 2,945,688 6,063,071 -TOTAL NONCURRENT LIABILITIES 2,451,036 3,640,812 84,033 3,313,097 9,488,976 -TOTAL LIABILITIES 3,006,017 4,257,833 168,351 3,808,256 11,240,455 1,897,882NET POSITION:NET INVESTMENT IN CAPITAL ASSETS 11,988,622 8,695,401 7,769,717 24,458,000 52,911,740 2,045,759RESTRICTED FOR:DEBT SERVICE 266,713 126,834 - 36,897 430,444 -UNRESTRICTED 6,077,949 2,199,821 404,389 2,329,158 11,011,318 10,638,313TOTAL NET POSITION $ 18,333,285 $ 11,022,056 $ 8,174,106 $ 26,824,055 $ 64,353,503 $ 12,684,072The notes to the financial statements are an integral part of this statement.42