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					                                JONESTOWN WATER SUPPLY CORPORATION
                                             Balance Sheet
                                           for February 2012
ASSETS                                                                             29-Feb-12
 CURRENT ASSETS
     Checking / Savings
           PETTY CASH                                                                   $200.00
           CAPITAL ONE            Operating                                         $178,993.69
           CAPITAL ONE            Debt Service                                       $16,114.93
           CAPITAL ONE            Equity Buy-in                                     $123,764.43
           CAPITAL ONE            Franchise Account                                   $2,155.23
           CAPITAL ONE            Health Reimbursement                                $2,512.25
           CAPITAL ONE            Operating Reserve                                 $297,507.55
           CAPITAL ONE            Replacement Reserve                               $224,439.80
           CAPITAL ONE            CD'S                                                $7,225.00
           CAPITAL ONE            Investment - Debt Service                         $151,588.62
           CAPITAL ONE            Investment - EBI                                  $662,543.41
           CAPITAL ONE            Investment - Operating Reserve                    $448,576.66
           CAPITAL ONE            Investment - Replacement Reserve                  $491,780.23

     Total Checking / Savings                                                     $2,607,401.80

     Other Current Assets
           RETURNED CHECKS                                                              $312.21
           A/R WATER SALES                                                           $67,148.19
           A/R OTHER                                                                     $38.53
           ALLOWANCE FOR DOUBTFUL ACCOUNTS                                           ($6,000.00)
     Total Other Current Assets                                                      $61,498.93

 Total CURRENT ASSETS                                                             $2,668,900.73

 FIXED ASSETS
          INVENTORY SMALL TOOLS                                                       $63,160.50
          LAND                                                                        $69,044.45
          BUILDING                                                                   $122,384.60
          RIGHT OF WAY PURCHASE                                                          $100.00
          FURNITURE & FIXTURES                                                         $2,570.26
          WATER SYSTEMS                                                            $9,996,187.40
          OFFICE EQUIPMENT                                                            $21,958.69
          MACHINERY                                                                   $55,180.68
          TRUCKS & TRAILERS                                                           $80,747.10
          ACCUMULATED DEPRECIATION                                                ($3,005,722.36)
          LEASEHOLD IMPROVEMENTS                                                         $100.00
          AMORT. OF LEASEHOLD IMPROVEMENTS                                              ($100.00)
          CONSTRUCTION WORK IN PROGRESS
                            CRESTVIEW BUILDING (OP RES)               $1,048.62
                            EQUITY BUY-IN                               $115.08
                            MDR (FORMERLY CENTEX)                    $79,055.45
                            CONSTRUCTION WORK IN PROGRESS               $800.00
          Total CONSTRUCTION WORK IN PROGRESS                                        $81,019.15

           REPLACEMENT RESERVE
                             BARGE                                   $20,259.83
                             EMERGENCY REPAIRS                       $18,984.45
                             EQUIPMENT REPLACEMENT                    $4,419.26
                             FAWN RIDGE                               $1,846.55
                             GREGG POINT                              $1,140.30
                             HI-HAT                                   $2,091.16
                             HORTON                                  $18,563.17
                             INJECTION SITE                           $5,580.12
                             LOWER NORTH RIM                          $1,816.76
                             NORTH RIM                                $1,028.79
                             POPHAM                                  $32,495.79
                             SAGE STREET TANK PROJECT                   $856.72
                             VAL VERDE                                $9,868.74
                             WHITE RIM                                $2,670.23
                             REPLACEMENT RESERVE - Other                  $0.00
           Total REPLACEMENT RESERVE                                                $121,621.87
                                   JONESTOWN WATER SUPPLY CORPORATION
                                                Balance Sheet
                                              for February 2012

 Total FIXED ASSETS                                                                     $7,608,252.34
 OTHER ASSETS
            UTILITY DEPOSITS                                                                 $950.18

 Total OTHER ASSETS                                                                          $950.18

TOTAL ASSETS                                                                           $10,278,103.25
LIABILITIES & EQUITY
  LIABILITIES
       Current Liabilities
         Other Current Liabilities
             Payroll Liabilities                                                           $1,032.65
             ACCRUED INTEREST PAYABLE                                                      $4,239.93
             FICA TAXES PAYABLE                                                               ($0.03)
             MEDICARE TAXES PAYABLE                                                           ($0.03)
             EMPL RETIREMENT - EMPL CONTR                                                      $0.05
             STATE UNEMPLOYMENT TAXES                                                        $350.70
             FED UNEMPLOYMENT TAXES                                                          $534.45
             CITY OF JONESTOWN FRANCHISE FEE                                               $1,706.21
             CONTRACTOR ESCROW PAYABLE                                                    $50,000.00
             ACCOUNTS PAYABLE                                                            $105,735.15
             ACCRUED VACATION PAYABLE                                                      $8,288.81
             ACCRUED SICK LEAVE PAYABLE                                                   $16,836.45
             TWC FEE                                                                       $7,183.78
             NTCA LOAN ACCOUNT                                                                $97.27
             DEFERRED REVENUE                                                            $308,827.41

                     Total Other Current Liabilities                                     $504,832.80

      LONG-TERM LIABILITIES
          N/P RURAL DEVELOPMENT
               RURAL DEVELOPMENT 91-01                             $ 278,038.33
               RURAL DEVELOPMENT 91-03                             $ 14,710.35
               RURAL DEVELOPMENT 91-05                             $ 386,653.93
               RURAL DEVELOPMENT 91-06                             $ 62,993.73
               RURAL DEVELOPMENT -Other                            $ (94,570.02)

            Total N/P RURAL DEVELOPMENT                                            $      647,826.32

            RURAL DEVELOPMENT CONSTRUCTION LOAN                                          $663,814.01

      Total LONG-TERM LIABILITIES                                                       $1,311,640.33

 Total LIABILITIES                                                                      $1,816,473.13

 EQUITY
            MEMBERSHIPS                                                                   $141,400.00
            FARMERS HOME CONSTRUCTION GRANT                                               $231,200.00
            SURPLUS DONATED WITH SYSTEM                                                   $317,046.64
            EQUITY BUY-IN                                                                 $686,002.82
            REPAIR & REPLACEMENT RESERVE                                                  $506,871.59
            TRAILS END EXTENSION FEE                                                          $333.61
            DONATED CAPITAL                                                             $4,826,837.83
            RETAINED EARNINGS                                                             $926,928.90
            RESERVE FOR DEBT SERVICE                                                      $164,783.30
            RESERVE FRANCHISE FEE                                                           $3,630.99
            RESERVE INSURANCE DEDUCTIBLE                                                    $3,017.52
            RESERVE FOR OPERATIONS                                                        $562,562.28
            Net Income                                                                     $91,014.64

 Total EQUITY                                                                           $8,461,630.12
Total LIABILITIES & EQUITY                                                             $10,278,103.25

				
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posted:4/8/2012
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