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CITY OF LA PORTE, TEXAS
<br /> Internal Service Funds
<br /> Combining Statement of Net Assets
<br /> September 30, 2010
<br /> Motor
<br /> Pool Technology Insurance Totals
<br /> ASSETS
<br /> Current assets:
<br /> Cash and cash equivalents $ 3,335,168 $ 427,108 $ 2,126,413 $ 5,888,689
<br /> Investments 1,110,456 142,207 707,997 1,960,660
<br /> Accrued interest receivable 509 54 307 870
<br /> Miscellaneous receivable 1,250 - 119,927 121,177
<br /> Material and supplies inventories, at cost 34,625 - - 34,625
<br /> Total current assets 4,482,008 569,369 2,954,644 8,006,021
<br /> Noncurrent assets:
<br /> Capital assets
<br /> Vehicles and equipment 12,017,142 205,945 - 12,223,087
<br /> Less accumulated depreciation (7,289,397) (151,025) - (7,440,422)
<br /> Total noncurrent assets 4,727,745 54,920 - 4,782,665
<br /> Total assets 9,209,753 624289 2,954,644 12,788,686
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 11,317 35,418 509,149 555,884
<br /> Accrued salaries payable 20,511 11,970 654 33,135
<br /> Total current liabilities 31,828 47,388 509,803 589,019
<br /> Noncurrent liabilities:
<br /> Accrued employee separation pay 95 - - 95,619
<br /> Total noncurrent liabilities 95,619 - - 95,619
<br /> Total liabilities 127,447 47,388 509,803 684,638
<br /> NET ASSETS
<br /> Invested in capital assets 4,727,745 54,920 - 4,782,665
<br /> Unrestricted 4,354, 561 521,981 2,444,841 7,321,383
<br /> Total net assets $ 9,082,306 $ 576,901 $ 2,444,841 $ 12,104,048
<br /> 124
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