| CITY OF ASHLAND |
| BALANCE SHEET |
| ALL
GOVERNMENTAL FUND TYPES |
| FOR THE YEAR
ENDED JUNE 30, 2005 |
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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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| Cash |
|
|
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|
122,476 |
|
206,773 |
|
825 |
| Taxes
receivable |
|
|
|
2,787,707 |
|
113,224 |
|
- |
| Allowance for
uncollectible taxes |
|
|
(236,526) |
|
(8,768) |
|
- |
| Grants
receivable |
|
|
|
337,597 |
|
622,621 |
|
- |
| Due from other
funds |
|
|
|
1,364,641 |
|
920,907 |
|
575,863 |
| Program
receivables |
|
|
|
- |
|
182,451 |
|
- |
| Allowance for
uncollectible accounts |
|
|
- |
|
(28,606) |
|
- |
| Other
receivables |
|
|
|
142,267 |
|
37,519 |
|
- |
| Allowance for
uncollectible accounts |
|
|
- |
|
(35,383) |
|
- |
| Inventories |
|
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|
70,232 |
|
- |
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- |
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| TOTAL ASSETS |
|
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|
4,588,394 |
|
2,010,738 |
|
576,688 |
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| LIABILITIES |
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| Cash overdraft |
|
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|
214,670 |
|
- |
|
- |
| Accounts
payable |
|
|
|
586,836 |
|
69,464 |
|
456,688 |
| Due to board
of education |
|
|
15,792 |
|
- |
|
- |
| Due to other
funds |
|
|
|
1,861,317 |
|
114,757 |
|
- |
| Accrued
compensated absences |
|
|
114,065 |
|
4,823 |
|
- |
| Accrued
expenses |
|
|
|
258,141 |
|
11,488 |
|
- |
| Other accrued
liabilities |
|
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- |
|
- |
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- |
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| TOTAL
LIABILITIES |
|
|
|
3,050,821 |
|
200,532 |
|
456,688 |
|
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| FUND BALANCES |
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| Reserved for
grant programs |
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|
- |
|
1,586,210 |
|
- |
| Reserved for
inventories |
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|
70,232 |
|
- |
|
- |
| Reserved for
encumbrances |
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|
- |
|
- |
|
- |
| Unreserved/undesignated |
|
|
1,467,341 |
|
223,996 |
|
120,000 |
|
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| TOTAL FUND
BALANCES |
|
|
|
1,537,573 |
|
1,810,206 |
|
120,000 |
|
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| TOTAL
LIABILITIES AND FUND BALANCES |
|
|
4,588,394 |
|
2,010,738 |
|
576,688 |
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