| CITY OF ASHLAND |
| COMBINED
BALANCE SHEET |
| ALL
GOVERNMENTAL FUND TYPES |
| FOR THE YEAR
ENDED JUNE 30, 2002 |
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Special |
|
Capital |
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|
General |
|
Revenue |
|
Projects |
| ASSETS |
|
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|
Fund |
|
Funds |
|
Fund |
|
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|
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|
| Cash and cash
equivalents |
|
|
850,681 |
|
2,223,159 |
|
168,473 |
| Investments |
|
|
|
|
525,571 |
|
- |
|
- |
| Taxes and
assessments receivable |
|
|
2,284,448 |
|
94,970 |
|
- |
| Allowance for
uncollectible taxes & assessments |
|
(272,075) |
|
(10,501) |
|
- |
| Grants
receivable |
|
|
|
27,307 |
|
1,850,273 |
|
- |
| Due from other
funds |
|
|
|
1,518,932 |
|
657,803 |
|
181,388 |
| Other
receivables |
|
|
|
218,081 |
|
553,917 |
|
12,400 |
| Allowance for
uncollectible accounts |
|
|
- |
|
(90,316) |
|
- |
| Inventories |
|
|
|
|
46,552 |
|
- |
|
- |
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| TOTAL ASSETS |
|
|
|
5,199,497 |
|
5,279,305 |
|
362,261 |
|
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| LIABILITIES |
|
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| Accounts
payable |
|
|
|
339,171 |
|
286,833 |
|
202,261 |
| Due to board of
education |
|
|
80,456 |
|
|
|
|
| Due to other
funds |
|
|
|
1,021,103 |
|
623,309 |
|
|
| Accrued
compensated absences |
|
|
105,821 |
|
4,107 |
|
|
| Other accrued
expenses and liabilities |
|
|
172,547 |
|
7,560 |
|
|
| Grants payable |
|
|
|
|
|
228,953 |
|
|
| Accrued
interest on bonds |
|
|
|
|
46,875 |
|
|
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|
| TOTAL
LIABILITIES |
|
|
|
1,719,098 |
|
1,197,637 |
|
202,261 |
|
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| FUND EQUITY |
|
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| Reserved for
bond retirement |
|
|
2,165,078 |
|
465,826 |
|
|
| Reserved for
grant programs |
|
|
|
|
3,384,296 |
|
160,000 |
| Reserved for
inventories |
|
|
|
46,552 |
|
|
|
|
| Reserved for
encumbrances |
|
|
4,899 |
|
- |
|
- |
| Unreserved/Undesignated |
|
|
1,263,870 |
|
231,546 |
|
|
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|
|
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|
|
|
|
| TOTAL FUND
EQUITY |
|
|
|
3,480,399 |
|
4,081,668 |
|
160,000 |
|
|
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| TOTAL
LIABILITIES AND FUND EQUITY |
|
|
5,199,497 |
|
5,279,305 |
|
362,261 |
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