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CITY OF ORONO
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2015
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(25)
<br />
<br /> Governmental
<br />Activities
<br />Other
<br />Water Sewer Storm Business-Type Internal
<br />Operating Operating Water Activities Totals Service
<br />ASSETS AND DEFERRED
<br />OUTFLOWS OF RESOURCES
<br />CURRENT ASSETS
<br />Cash and Cash Equivalents 1,361,909$ 2,853,564$ 1,477,623$ 67,388$ 5,760,484$ 1,105,476$
<br />Receivables:
<br />Accounts Receivables (Net of Allowance) 111,628 338,161 48,501 38,257 536,547 -
<br />Delinquent Special Assessments 175 28,626 - - 28,801 -
<br />Special Assessments 73,906 357,470 - - 431,376 -
<br />Prepaids 250 37,349 - 1,692 39,291 -
<br />Inventory 7,071 - - - 7,071 -
<br />Due from Other Governmental Units 98 2,635 - 15,095 17,828 -
<br /> Total Current Assets 1,555,037 3,617,805 1,526,124 122,432 6,821,398 1,105,476
<br />CAPITAL ASSETS
<br />Land and Land Improvements 62,195 16,654 6,368 - 85,217 -
<br />Construction in Progress 736,298 13,949 82,932 - 833,179 -
<br />Buildings and Improvements 737,362 32,968 - - 770,330 -
<br />Equipment 91,092 517,514 177,077 43,138 828,821 -
<br />Distribution/Collection System 4,949,918 17,255,678 1,188,253 - 23,393,849 -
<br /> Total 6,576,865 17,836,763 1,454,630 43,138 25,911,396 -
<br />Less: Accumulated Depreciation (2,237,442) (6,718,812) (229,901) (4,314) (9,190,469) -
<br /> Net Capital Assets 4,339,423 11,117,951 1,224,729 38,824 16,720,927 -
<br /> Total Assets 5,894,460 14,735,756 2,750,853 161,256 23,542,325 1,105,476
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows - Pensions 13,741 21,727 4,702 1,613 41,783 -
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND NET POSITION
<br />CURRENT LIABILITIES
<br />Accounts and Contracts Payable 45,269 16,165 68,769 - 130,203 -
<br />Accrued Salaries Payable 5,434 8,444 1,717 - 15,595 -
<br />Due to Other Funds - - - 13,714 13,714 -
<br />Due to Other Governmental Units 11,037 11,054 - - 22,091 -
<br />Deposits 7,000 - - - 7,000 -
<br />Compensated Absences Payable 10,747 16,600 - - 27,347 -
<br />Unearned Revenue 27,326 15,770 - - 43,096 -
<br />Accrued Interest Payable 11,430 - - - 11,430 -
<br />Current Maturities of Long-Term Debt 76,485 - - - 76,485 -
<br /> Total Current Liabilities 194,728 68,033 70,486 13,714 346,961 -
<br />NONCURRENT LIABILITIES
<br />Bonds Payable 1,138,557 - - - 1,138,557 -
<br />Other Postemployment Benefits 9,671 14,425 3,265 - 27,361 -
<br />Net Pension Liability 97,390 153,989 33,325 11,430 296,134 -
<br />Compensated Absences Payable 1,323 4,154 - - 5,477 -
<br /> Total Noncurrent Liabilities 1,246,941 172,568 36,590 11,430 1,467,529 -
<br /> Total Liabilities 1,441,669 240,601 107,076 25,144 1,814,490 -
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows - Pensions 14,654 23,171 5,014 1,720 44,559 -
<br />NET POSITION
<br />Net Investment in Capital Assets 3,124,381 11,117,951 1,224,729 38,824 15,505,885 -
<br />Unrestricted 1,327,497 3,375,760 1,418,736 97,181 6,219,174 1,105,476
<br /> Total Net Position 4,451,878$ 14,493,711$ 2,643,465$ 136,005$ 21,725,059 1,105,476$
<br />Some amounts reported for business-type activities in the statement of net position are different
<br /> because certain internal service fund assets and liabilities are included with business-type activities 192,644
<br />21,917,703$
<br />Business-Type Activities
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