June 30, 2005
(With Accountants' Report Thereon)
Devens Enterprise Commission
| Statement of Net Assets Proprietary Funds June 30, 2005 | |
| Assets | Enterprise |
| Current: | |
| Cash | $313,542 |
| Accounts Receivable | 25,646 |
| Prepaid Insurance | 2,999 |
| Noncurrent: | |
| Fixed Assets (Net of Accumulated Depreciation) | 8,929 |
| Total Assets | 351,116 |
| Liabilities | |
| Current: | |
| Accounts Payable | 1,205 |
| Payroll Payable | 4,610 |
| Deferred Revenue | 19,013 |
| Noncurrent: | |
| Compensated Absences | 3,616 |
| Total Liabilities | 28,444 |
| Net Assets | |
| Invested in Capital Assets, Net of Related Debt | 8,929 |
| Unrestricted | 313,743 |
| Total Net Assets | $322,672 |