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CITY OF LA PORTE, TEXAS
<br /> Combining Statement of Net Assets
<br /> Nonmajor Proprietary Funds
<br /> September 30, 2010
<br /> Business -type Activities -
<br /> Enterprise Funds
<br /> Total
<br /> Sylvan Beach Nonmajor
<br /> Convention Bay Forest Proprietary
<br /> Airport Center Golf Course Funds
<br /> ASSETS
<br /> Current assets:
<br /> Cash and cash equivalents $ 255,056 $ - $ 1,640 $ 256,696
<br /> Investments 84,921 - - 84,921
<br /> Receivables, net of
<br /> allowance for uncollectibles - - 5,122 5,122
<br /> Accrued interest receivable 37 - - 37
<br /> Total current assets 340,014 - 6,762 346,776
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Land 203,504 - 1,880,965 2,084,469
<br /> Buildings and improvements - - 731,524 731,524
<br /> Improvements other than buildings 5,725,144 - 2,879,348 8,604,492
<br /> Vehicles and equipment - - 43,630 43,630
<br /> Less accumulated depreciation (2,951,386) - (2,671,780) (5,623,166)
<br /> Total noncurrent assets 2,977,262 - 2,863,687 5,840,949
<br /> Total assets 3,317,276 - 2,870,449 6,187,725
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 115 23,262 23,377
<br /> Due to other funds - - 390,808 390,808
<br /> Accrued salaries payable - - 27,135 27,135
<br /> Other current liabilities 1,500 - 7,873 9,373
<br /> Total current liabilities 1,615 - 449,078 450,693
<br /> Noncurrent liabilities:
<br /> Net pension obligation - - 47,920 47,920
<br /> Net OPEB obligation - - 102,776 102,776
<br /> Accrued separation pay - - 126,872 126,872
<br /> Total noncurrent liabilities - - 277,568 277,568
<br /> Total liabilities 1,615 - 726,646 728,261
<br /> NET ASSETS
<br /> Invested in capital assets 2,977,262 2,863,687 5,840,949
<br /> Unrestricted (deficit) 338,399 - (719,884) (381,485)
<br /> Total net assets $ 3,315,661 $ - $ 2,143,803 $ 5,459,464
<br /> 120
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