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Exhibit 3
<br />City of Louisville
<br />Balance Sheet
<br />Governmental Funds
<br />December 31, 2008
<br />Major Special Major Capital
<br />Revenue FundsProject Fund
<br />Conservation
<br />Trust - LandCapital
<br />GeneralcquisitionProjects
<br />A
<br />ASSETS
<br />Cash and cash equivalents$4,521,695$ 7,371,284$ 4,159,828
<br />Receivables
<br />Property taxes 2,174,400 - -
<br />Sales and use taxes 664,703 118,824 296,100
<br />Interest 27,292 49,940 23,883
<br />Intergovernmental 46,358 - -
<br />Other 252,508 - -
<br />Inventories 14,429 - -
<br />Prepaid items 152,810 - -
<br />Advances to other funds
<br />-150,000
<br /> -
<br />Total assets7,854,19$$7,540,048$4,629,811
<br />5
<br />LIABILITIES AND FUND BALANCES
<br />Accounts payable632,401$ 54,351$ 105,055$
<br />Accrued liabilities355,549 17,997 231,671
<br />Deferred property taxes2,174,400 - -
<br />Deferred revenue28,150 - 6,790
<br />--
<br />Advances from other funds -
<br /> Total liabilities3,190,50072,348343,516
<br />Fund Balances:
<br />Reserved for:
<br /> Inventories14,429 - -
<br /> Prepaid items152,810 - -
<br /> - -
<br /> Cemetery perpetual care -
<br /> -7,467,700
<br /> Land acquisition -
<br /> - -
<br /> Northwest parkway improvements -
<br /> - -
<br /> Library construction -
<br /> - -
<br /> Library debt service -
<br /> Emergency reserves 602,901 - -
<br /> - 150,000
<br /> Advances from other funds -
<br />Unreserved, undesignated in:
<br /> General fund3,893,555 - -
<br /> - -
<br /> Special revenue funds -
<br />-4,136,29
<br />5
<br /> Capital projects fund -
<br /> Total fund balances4,663,697,467,7004,286,29
<br />55
<br />Total liabilities and fund balance$7,854,19$7,540,048$4,629,811
<br />s5
<br />The notes to the financial statements are an integral part of this statement.
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