| | | | | . | 01/16/2008 BALANCE SHEET FOR CITY OF GLADWIN | | | | . | PERIOD ENDED 12/31/2007 | | | | . | FUND 581 - AIRPORT FUND | | | | . | | | | | . | | | | | . | *** ASSETS *** | | | | . | | | | | . | 581-000-001.000 | CASH - CHECKING | (1,046.97) | | . | 581-000-002.000 | CASH - SAVINGS | 952.79 | | . | 581-000-004.000 | PETTY CASH | 100.00 | | . | 581-000-040.000 | ACCOUNTS RECEIVABLE | 3,157.10 | | . | 581-000-093.000 | PREPAID EXPENSES | 26,043.08 | | . | 581-000-110.000 | INVENTORY | 17,589.14 | | . | 581-000-130.000 | LAND | 57,000.00 | | . | 581-000-132.000 | LAND IMPROVEMENTS | 1,210,754.18 | | . | 581-000-133.000 | ACCUM DEPR LAND IMPROVEMENTS | (139,103.51) | | . | 581-000-138.000 | EQUIPMENT | 41,589.82 | | . | 581-000-139.000 | ACCUM DEPR EQUIPMENT | (28,675.18) | | . | 581-000-158.000 | CONSTRUCTION IN PROGRESS | 659,833.00 | | . | TOTAL ASSETS | | | 1,848,193.45 |
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| | | | | . | | | | | . | | | | | . | *** LIABILITIES *** | | | | . | | | | | . | 581-000-214.000 | DUE TO OTHER FUNDS | 2,411.00 | | . | 581-000-214.101 | DUE TO GENERAL | 11,818.55 | | . | 581-000-283.003 | HANGAR DEPOSITS | 2,250.00 | | . | TOTAL LIABILITIES | | | 16,479.55 | . | | | | | . | | | | | . | *** CAPITAL *** | | | | . | | | | | . | 581-000-366.000 | RESERVE FOR IMPROVEMENTS | 926.41 | | . | 581-000-390.000 | FUND BALANCE/RETAINED EARNINGS | 493,580.75 | | . | 581-000-399.000 | INVESTMENT IN FIXED ASSETS | 1,208,064.67 | | . | BEG. FUND BALANCE | | | 1,702,571.83 | . | | | | | . | NET OF REVENUES VS. EXPENDITURES | | | 129,142.07 | . | TOTAL CAPITAL | | | 1,831,713.90 | . | TOTAL LIABILITIES AND CAPITAL | | | 1,848,193.45 |
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