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Exhibit 5
<br />City of Louisville, Colorado
<br />Statement of Net Assets
<br />Proprietary Funds
<br />December 31, 2008
<br />Enterprise Funds
<br />Internal
<br />Water GolfService
<br />& WastewateCourseTotalsFunds
<br />r
<br />ASSETS
<br />Current assets:
<br />Cash and cash equivalents$ 13,470,521$ 51,431$ 13,521,952$ 2,277,132
<br />Receivables
<br />Interest 90,932 - 90,932 11,850
<br />Accounts (net of allowance
<br /> -
<br /> for doubtful accounts)408,35212,329 420,681
<br /> -
<br />Inventories - 58,375 58,375
<br /> -
<br />Prepaid expense-21,876 -21,876
<br />s
<br />Total current assets13,969,80144,011 2,288,98214,113,81
<br />56
<br />Noncurrent assets:
<br /> Cash restricted for debt service 1,030,617 - 1,030,617
<br /> -
<br /> Deferred charges - 10,657 10,657
<br /> -
<br />Capital assets:
<br />Property, plant and equipment:
<br />Land / land improvements 424,566 3,870,117 4,294,683
<br /> -
<br />Buildings 309,522 834,324 1,143,846
<br /> -
<br />Improvements other than buildings 569,378 1,593,396 2,162,774
<br /> -
<br />Treatment / pumping plants 20,681,197 - 20,681,197
<br /> -
<br />Reservoirs / storage facilities 6,076,723 - 6,076,723
<br /> -
<br />Collection system 33,517,506 - 33,517,506
<br /> -
<br />Machinery and equipment 1,970,539 1,187,598 3,158,137 2,487,312
<br />Office furniture and fixtures 108,639 11,111 119,750 791,865
<br />Water rights 30,443,120 - 30,443,120
<br /> -
<br /> Less: Accumulated depreciation(24,241,787(2,426,099) (2,645,813)(26,667,886
<br />))
<br />Total capital assets (net of accumulated
<br />69,859,40
<br />5,070,447 633,36474,929,850
<br />3
<br />depreciation)
<br /> Total noncurrent assets70,890,0205,081,104 633,36475,971,124
<br /> Total assets$84,859,82$5,225,11$ 2,922,34690,084,940$
<br />55
<br />
<br />The notes to the financial statements are an integral part of this statement.
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