2011 Audit Report - the Burr Ridge Park District

Burr Ridge Park DistrictGovernmental FundsCombined Statement of Assets and Liabilities Arising from Cash TransactionsApril 30, 2011OtherRecreation Debt Capital GovernmentalGeneral Fund Service Projects Funds TotalASSETSCash $ 2,687,647 $ 0 $ 0 $ 0 $ 0 $ 2,687,647Due from Other Funds 0 618,236 44,829 1,411,270 89,358 2,163,693TOTAL ASSETS 2,687,647 618,236 44,829 1,411,270 89,358 4,851,340LIABILITIESDue to Other Funds 2,098,135 0 0 0 65,558 2,163,693TOTAL LIABILITIES 2,098,135 0 0 0 65,558 2,163,693FUND BALANCESRestricted 0 618,236 44,829 0 89,358 752,423Assigned 0 0 0 1,411,270 0 1,411,270Unassigned 589,512 0 0 0 (65,558) 523,954TOTAL FUND BALANCES 589,512 618,236 44,829 1,411,270 23,800 2,687,647TOTAL LIABILITIES AND FUND BALANCES $ 2,687,647 $ 618,236 $ 44,829 $ 1,411,270 $ 89,358Amounts reported for governmental activities in the statement of net assets are different because:Capital assets used in governmental funds are not financial resources andtherefore are not reported in the fund financial statements. 11,392,977Unamortized Loss on Refunding is not reported as an asset in the fund financial statements. 4,600Bonds Payable are not reported as liabilities in the fund financial statements. (3,600,000)Bond Premium is not reported as a liability in the fund financial statements. (86,250)NET ASSETS OF GOVERNMENTAL FUNDS $ 10,398,974See Accompanying Notes to the Financial Statements.- 11 -