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Exhibit 5
<br /> (continued)
<br />Enterprise Funds
<br />Internal
<br />Water GolfService
<br />& Wastewate
<br />CourseTotalsFunds
<br />r
<br />LIABILITIES
<br />Current liabilities:
<br />Accounts payable$ 180,934$ 105,411$ 286,345
<br />$ -
<br />Accrued liabilities 188,949 37,860 226,809
<br /> -
<br />Deferred revenue - 13,618 13,618
<br /> -
<br />Compensated absences payable - current 17,096 - 17,096
<br />General obligation bonds
<br />payable - current - 230,000 230,000
<br /> -
<br />Notes payable - current 1,085,000 - 1,085,000
<br /> -
<br />Capital lease payable - curren37,468- -37,468
<br />t
<br />Total current liabilities1,509,447386,889 -1,896,336
<br />Long-term liabilities:
<br />Compensated absences payable 138,320 - 138,320
<br /> -
<br />General obligation bonds payable - 717,121 717,121
<br /> -
<br />Notes payable 12,281,570 - 12,281,570
<br /> -
<br />Capital lease payabl
<br />372,849- -372,849
<br />e
<br />Total long-term liabilities12,792,73717,121 -13,509,860
<br />9
<br /> Total liabilities14,302,181,104,010 -15,406,19
<br />66
<br />Net Assets
<br />
<br />Invested in capital assets,
<br />net of related debt 56,082,516 4,123,326 60,205,842 633,364
<br />Restricted for debt service and future operations1,030,617 - 1,030,617
<br /> -
<br />Unrestricted13,444,50
<br />(2,221) 2,288,98213,442,28
<br />65
<br />Total net assets$70,557,63$4,121,10$ 2,922,34674,678,744$
<br />95
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