3.4. BALANCE SHEET HRSR 06 02 08BALANCE SHEET item # 3.4.
APR1L 2008 Page: 1
5/2/2008
crrv ter i.L~ iiivt.ii 11:31 AM
As of: =1/30/2008 Balances
Fund Type: Cl ~~ Component Unit
Fund: 910 - I IKA
Assets
Acct Class: 1000 Current Assets
1010 Cash 285.013.48
1190 Notes Receivable 400.000.00
1310 Duc From (hhcr Funds 427,427J6
Heel Class: 1000 Current Assets l,l 12,441 ?4
Acct Class: 1600 Capital Assets
1620 Buildings ~ Structures 720.000.00
Acct Class: 1600 Capitol Assets 720,000.00
~fotal Assets 1.833A4124
l,iabilitics
Acct Class: 2000 Current I.iabilitics
Building Purchase (non-current liability)*~' 414.752.72
Acct Class: 2000 Current I,iabilitics 414.752.72
focal Liabilities 414,752.72
Reservcsi Balances
Acct Class: 2400 Fund h:quily
2400 Fund t3alancc 1,476,671.61
2600 Change in Fund Balance -58,983.09
Acct Class: 2400 Fund Equity 1,417,688.52
Total Reserves/Balances 1,417,688.52
total l.iabilitics & Balances 1.832,441.24
** ~fhe City's financial system is on the modified accrual haws nf~accountingand the current,frnaneial resources measurement focus.
°Goyc;rnment funds. with their fi~cus on current linancial resources, do not report liabilities for the following. Unmatured principal and interest
of long-term debt" (GAAFIZ, page 174). 'The Cite records long-term debt related liabilities as part of the GASB 34 conversion entries and will
show up on your year-end accrual statements. What finance will do is manually_ insert the long-term liability in your balance sheet to more
cluselti retlect accrual accounting.