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Metropolitan Wastewater Management Commission
<br /> COMPARATIVE STATEMENTS OF NET ASSETS
<br />' '' June 30,
<br /> 2005 2004
<br />. ASSETS
<br /> Capital Assets
<br /> Plant and buildings $ 61,702,796 ~ 61,478,100
<br /> Machinery and equipment 74,372,300 70,416,391
<br /> Other Assets 1,082,845 1.082,845
<br />
<br />~!
<br />~'
<br />137,157,941
<br />132,977,336
<br /> Less accumulated depreciation (80,426,262) (76,604,028)
<br />!. 56,731,679 56,373,308
<br /> Land 7,812,696 7,812,696
<br />j Construction work in progress 4,157,258 6,612,352
<br />~'i
<br />Total capital assets
<br />68,701,633
<br />70,798,356
<br /> Current assets:
<br /> Cash and investments. 20,882,81 I 16,678,618
<br />~, Intergovernmental receivable 1,317,71.3 2,050,377
<br />j ;'~ Accrued interest ~ ~ ~ 79,375 116,385
<br /> Prepaid expenses 78,838 78,693
<br />' Deposits 500,000 500,000
<br /> Totat current assets 22,858,737 19,424,073
<br /> .Restricted assets:
<br /> Cash and investments 6,491,387 6,139,239
<br /> Notes receivable (System Development Charges) -non current 405,409 405,409
<br /> Total restricted assets 6,896,796 6,544,648
<br /> Total assets 98,457,166 96,767,077
<br />~ LIABILITIES:
<br /> Current iiabilities:
<br /> Accounts and coniracts payable - 2,306,563 2,814,536
<br /> Accrued payroll and other liabilities. 65,625 43,366
<br /> Due to Other government ] 1,644 5,174
<br /> Unearned revenues 7,527 8,693
<br /> Total can-ent Liabilities 2,391,359 2,87 ] ,769
<br />~ j Long-term liabilities:
<br /> Accrued absences payable 51,11 I 70,677
<br /> TotalIiabilities 2,442,470 2,942,446
<br />'• NBT ASSETS:
<br />'; j ` ' Invested in capita] assets 68,701,633 70,798,356
<br /> Restricted for capital improvement 8,809,944 4,851,430
<br /> Unrestricted ]8,503,119 ]8,174,845
<br />j Total net assets $ 96,014,696 5 93,824,631
<br />The accompanying notes are an integral part of these statements.
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