COG Comprehensive Annual Financial Report

-7- Exhibit A-3

BALANCE SHEET Governmental Funds June 30, 2018

TOTAL

OTHER

(1)

DEBT

GOVERNMENTAL

GOVERNMENTAL

ASSETS

GENERAL

SERVICE

FUNDS

FUNDS

Cash and Cash Equivalents/Investments

$

50,457,352

$

22,992,943

$

18,189,682

$

91,639,977

Receivables: Taxes

4,045,083 2,310,108

80,939

4,126,022 27,332,715

Accounts, Notes and Mortgages

25,022,607

Assessments

10,667

10,667

Rent

1,375

1,375

Intergovernmental

22,305,277

187,879

5,489,911

27,983,067

Real Estate Foreclosed

709,014

709,014

Internal Receivables

1,029,075

1,029,075

Due from Component Unit

592,688

592,688

Inventories

1,023,548

1,023,548

Miscellaneous

194,171

194,171 95,180

Assets Held for Resale

95,180

Restricted Assets:

Cash and Cash Equivalents/Investments Receivables: Accounts, Notes and Mortgages

1,513,540

28,832,827

30,346,367

790,076

790,076

Total Assets

$

83,150,781

$

23,180,822

$

79,542,339

$

185,873,942

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

Liabilities:

Accounts Payable

$

2,749,717

$

$

81,794 821,500

$

2,831,511 1,235,297 3,594,081

Contracts/Retainage Payable Intergovernmental Payable Customer Deposits Payable

413,797

3,591,351

2,730

801,511

801,511

Internal Payables Miscellaneous

1,029,075

1,029,075

209,487

209,487 17,026

Prepaid Privilege License Fees Prepaid Business Permit Fees Unearned Grant Revenues Unearned Contributions/Donations

17,026

1,600

1,600

5,581,406

5,581,406

293,589

293,589

Liabilities Payable From Restricted Assets: Accounts Payable

1,034,361 2,115,957

1,034,361 2,115,957 1,513,540 20,258,441

Contracts/Retainage Payable

Miscellaneous Total Liabilities

1,513,540 9,382,131

10,876,310

Deferred Inflows of Resources: Property Taxes Receivable

4,045,083

80,938 32,180 10,667

4,126,021

Notes and Mortgages Receivable

32,180 899,781 134,583 17,282

Other Accounts Receivable

889,114 134,583

Prepaid Taxes

Prepaid Assessments

17,282 141,067

Total Deferred Inflows of Resources

5,068,780

5,209,847

Fund Balances:

Non-Spendable: Inventories

1,023,548

1,023,548

Miscellaneous Prepaid Expenditures

194,171

194,171

Perpetual Maintenance Assets Held for Resale

2,482,011

2,482,011

95,180

95,180

Total Non-Spendable Fund Balance

1,217,719

2,577,191

3,794,910

Restricted:

Stabilization by State Statute

28,775,095

191,879

33,321,507 22,688,461 2,246,049 58,256,017

62,288,481 22,688,461 2,246,049 87,222,991

Debt Covenants

Grantor Requirements - Highway Improvements

Total Restricted Fund Balance

28,775,095

191,879

Committed:

For 911 Program

289,259 884,948

289,259 884,948

For Special Tax Districts

For Neighborhood Development For Economic Opportunity For Cemetery Maintenance For Debt Service/Capital Projects

2,001,229

2,001,229

549,368 200,146

549,368 200,146

6,341,162 10,266,112

6,341,162 10,266,112

Total Committed Fund Balance

Assigned: Appropriated for Subsequent Year's Expenditures

6,237,281

45,045

804,695

7,087,021 22,943,898 9,363,388 39,394,307 19,727,334 160,405,654 185,873,942

For Debt Service For Capital Projects

22,943,898

6,211,244 12,448,525 26,258,531 68,699,870 83,150,781

3,152,144 3,956,839 (6,531,197) 68,524,962 79,542,339

Total Assigned Fund Balance

22,988,943

Unassigned

Total Fund Balances

23,180,822 23,180,822

Total Liabilities, Deferred Inflows of Resources and Fund Balances

$

$

$

$

(1) After internal receivables and payables have been eliminated.

The notes to the financial statements are an integral part of this statement.