CITY OF TEMPLE, TEXAS REINVESTMENT ZONE NO. 1 COMPARATIVE BALANCE SHEET September 30, 2018 and 2017 Increase 2018
2017
(Decrease)
ASSETS Current assets: Investments
$
15,232,680
$
17,749,389
$
(2,516,709)
Receivables (net of allowance for estimated uncollectible): Ad valorem taxes Accounts receivable Due from other governments Total current assets
4,082,251
210,110
3,872,141
639,023
4,167
634,856
510,923
-
510,923
20,464,877
17,963,666
2,501,211
Restricted assets: Reserve for debt service Bond proceeds Total restricted assets Total assets
2,091,351
-
2,091,351
25,002,882
4,274,886
20,727,996
27,094,233
4,274,886
22,819,347 $ 25,320,558
$
47,559,110
$
22,238,552
$
2,237,217
$
1,044,148
LIABILITIES AND FUND BALANCES Current liabilities: Vouchers and contracts payable
$
1,193,069
Retainage payable
157,598
348,520
(190,922)
Unearned revenues
98,696
210,110
(111,414)
2,493,511
1,602,778
890,733
Vouchers and contracts payable
821,457
73,937
747,520
Retainage payable
101,455
21,943
79,512
Total current liabilities Liabilities from restricted assets:
Total liabilities from restricted assets
922,912
95,880
827,032
3,416,423
1,698,658
1,717,765
Debt service
2,091,351
-
2,091,351
Construction
24,079,970
4,179,006
19,900,964
17,971,366
16,360,888
1,610,478
44,142,687 47,559,110
20,539,894 22,238,552
23,602,793 $ 25,320,558
Total liabilities
Fund Balance: Restricted for:
Committed to: Reinvestment Zone No. 1 Projects Total fund balance Total liabilities and fund balances
$
ANNUAL REPORT FOR THE YEAR ENDED SEPTEMBER 30, 2018
$
4