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10:56 AM Town of Blue River

07/20/09 Balance Sheet


Cash Basis As of July 21, 2009

Jul 21, 09
ASSETS
Current Assets
Checking/Savings
Operating - Alpine Bank 112,324.76
Reserve1 - Alpine Bank 240,351.85
Reserve2 - Alpine Bank 240,330.94
Conservation Trust-Alpine Bank 92,212.86
Public Fund Now 19,024.34
Colorado Trust 103.58
CSAFE 100.00
Total Checking/Savings 704,448.33
Other Current Assets
Illiquid Trust Funds 2,015.84
Cash with the County Treasurer 2,267.46
Property Taxes Receivable 501,587.00
Total Other Current Assets 505,870.30

Total Current Assets 1,210,318.63


Fixed Assets
Town Hall 371,456.77
Furniture & Equipment 11,845.75
Computer Equipment 2,391.88
Vehicles 31,596.00
Accumulated Depreciation -69,980.16
Land 115,870.00
Streets 574,545.04
Total Fixed Assets 1,037,725.28

TOTAL ASSETS 2,248,043.91


LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
FICA Payable 1,610.38
Fed W/H Payable 852.62
Colo W/H Payable 313.00
Reserve for McCullough Gulch 772.53
Bonds--hold & refund 3,710.00
Deferred Revenue - Property Tax 501,587.00
Total Other Current Liabilities 508,845.53

Total Current Liabilities 508,845.53


Long Term Liabilities
Auto Loan-Summit County 10,796.89
Total Long Term Liabilities 10,796.89

Total Liabilities 519,642.42


Equity
Invested in Capital Assets, Net 1,019,659.00
Fund Balance - Amendment 1 22,241.00
Fund Balance - Conservation Trs 88,297.84
General Fund Balance 319,253.50
Net Income 278,950.15
Total Equity 1,728,401.49

TOTAL LIABILITIES & EQUITY 2,248,043.91

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