|
| CITY OF ASHLAND |
| BALANCE SHEET |
| ALL
GOVERNMENTAL FUND TYPES |
| FOR THE YEAR
ENDED JUNE 30, 2006 |
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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 |
|
|
|
|
3,440,166 |
|
25,299 |
|
859 |
| Taxes
receivable |
|
|
|
2,916,428 |
|
120,823 |
|
- |
| Allowance for
uncollectible taxes |
|
|
(215,331) |
|
(9,171) |
|
- |
| Grants
receivable |
|
|
|
413,955 |
|
86,676 |
|
- |
| Due from other
funds |
|
|
|
3,146,800 |
|
136,690 |
|
173,556 |
| Program
receivables |
|
|
|
- |
|
16,696 |
|
- |
| Allowance for
uncollectible accounts |
|
|
- |
|
(5,685) |
|
- |
| Other
receivables |
|
|
|
208,364 |
|
64,831 |
|
- |
| Allowance for
uncollectible accounts |
|
|
(32,314) |
|
(35,383) |
|
- |
| Inventories |
|
|
|
|
70,605 |
|
- |
|
- |
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| TOTAL ASSETS |
|
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|
$
9,948,673 |
|
$
400,776 |
|
$
174,415 |
|
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| LIABILITIES |
|
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|
| Cash overdraft |
|
|
|
677,125 |
|
- |
|
- |
| Accounts
payable |
|
|
|
731,912 |
|
16,174 |
|
124,415 |
| Due to board
of education |
|
|
25,981 |
|
- |
|
- |
| Due to other
funds |
|
|
|
413,379 |
|
13,209 |
|
- |
| Accrued
compensated absences |
|
|
122,801 |
|
4,228 |
|
- |
| Accrued
expenses |
|
|
|
266,252 |
|
11,482 |
|
- |
| Deferred
revenue |
|
|
|
- |
|
116,216 |
|
- |
|
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|
| TOTAL
LIABILITIES |
|
|
|
$
2,237,450 |
|
$
161,309 |
|
$
124,415 |
|
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| FUND BALANCES |
|
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| Reserved for
bond retirement |
|
|
3,299,826 |
|
- |
|
- |
| Reserved for
grant programs |
|
|
413,955 |
|
21,650 |
|
- |
| Reserved for
inventories |
|
|
|
70,605 |
|
- |
|
- |
| Unreserved/Undesignated |
|
|
3,926,837 |
|
217,817 |
|
50,000 |
|
|
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|
|
|
|
|
|
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| TOTAL FUND
BALANCES |
|
|
|
$
7,711,223 |
|
$
239,467 |
|
$
50,000 |
|
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| TOTAL
LIABILITIES AND FUND BALANCES |
|
|
$
9,948,673 |
|
$
400,776 |
|
$
174,415 |
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