NONMAJOR ENTERPRISE FUNDS The accrual basis of accounting is used for Funds. The cost of providing services to the general public is financed or recovered primarily through user charges. Airport Accounts for maintenance, operation, and construction of the Pierce County and Tacoma Narrows Airports. Maintenance and operations are funded by user fees. Real Estate Excise Tax provides the funding for certain capital improvements. Course Accounts for maintenance and operation of two county golf courses. Funding is provided by user fees. 183
Combining Statement of Net Position At December 31, 2012 Airport Course Funds ASSETS Current Assets Unrestricted: Cash In Treasury Pool $ 180 $ 32 $ 212 Accounts Receivable, Net 138 138 Due From Other Funds 126 126 Inventory, At Cost 20 20 Restricted: Due From Other Governments 40 23 63 Total Current Assets 484 75 559 Noncurrent tassets Capital Assets: Land And Land Rights 8,332 1,400 9,732 Buildings And System 2,409 462 2,871 Improvements Other Than Buildings 22,184 1,121 23,305 Machinery And Equipment 1,327 571 1,898 Construction Work In Progress 842 842 Avigation i Rights ih 562 562 Accumulated Depreciation (4,141) (1,461) (5,602) Total Capital Assets, Net 31,515 2,093 33,608 Total lnoncurrent tassets 31,515 2,093 33,608 TOTAL ASSETS $ 31,999 $ 2,168 $ 34,167 LIABILITIES Current Liabilities Liabilities Payable From Unrestricted Assets: Vouchers And daccounts Payable $ 15 $ 35 $ 50 Due To Other Funds 166 1 167 Accrued Interest Payable Accrued Wages And Benefits Payable 10 13 23 Compensated Absences 32 30 62 Other Accrued Liabilities 58 6 64 Unearned Revenue 32 32 Interfund Loans Payable 20 20 Liabilities Payable From Restricted Assets: Vouchers And Accounts Payable 17 17 Due eto Other Funds 9 9 Total Current Liabilities 307 137 444 Noncurrent Liabilities Liabilities Payable From Unrestricted Assets: Advances From Other Funds 506 506 Compensated Absences 30 71 101 Total lnoncurrent tliabilities 536 71 607 TOTAL LIABILITIES 843 208 1,051 NET POSITION Net Investment In Capital Assets 31,515 2,093 33,608 Restricted For Capital Projects 14 14 Unrestricted (373) (133) (506) TOTAL NET POSITION 31,156 1,960 33,116 TOTAL LIABILITIES AND NET POSITION $ 31,999 $ 2,168 $ 34,167 184
Combining Statement Of Revenues, Expenses And Changes In Net Position For The Year Ended December 31, 2012 Airport Course Funds Operating Revenues Charges For Services $ 1,121 $ 1,730 $ 2,851 Miscellaneous 25 25 Total Operating Revenues 1,146 1,730 2,876 Operating Expenses Personal Services 593 741 1,334 Materials And Supplies 18 124 142 System Support Service 763 1,244 2,007 Depreciation 811 64 875 Total Operating Expenses 2,185 2,173 4,358 OPERATING LOSS (1,039) (443) (1,482) Nonoperating Revenues (Expenses) Interest Income Interest Expense (19) (3) (22) Operating Grants Received 236 236 Taxes 96 96 Total Nonoperating Revenues (Expenses) 77 233 310 NET LOSS BEFORE CONTRIBUTIONS AND TRANSFERS (962) (210) (1,172) Capital Contributions 291 199 490 Transfers In 80 80 Transfers Out (2) (2) CHANGE IN NET POSITION (673) 69 (604) NET POSITION Beginning of Year 31,829 1,891 33,720 NET POSITION End Of Year $ 31,156 $ 1,960 $ 33,116 185
Combining Statement Of Cash Flows For The Year Ended December 31, 2012 Page 1 of 2 Airport Course Funds Cash Flows From Operating Activities: Cash Received From Customers $ 1,036 $ 1,762 $ 2,798 Cash Received Interfund Services Provided 28 28 Cash Paid To Suppliers Goods And Services (437) (1,174) (1,611) Cash Paid To Employees Services And Benefits (598) (728) (1,326) Cash Paid Interfund Services Used (255) (224) (479) Net Cash Used By Operating Activities (226) (364) (590) Cash Flows From Noncapital Financing Activities: Advances From Other Funds 506 20 526 Repayment of Advances From Other Funds (288) (159) (447) Transfers In 97 97 Transfers Out (2) (2) Operating Grants 213 213 Net Cash Provided By Noncapital Financing Activities 216 171 387 Cash Flows From Capital And Related Financing Activities: Real Estate Excise Tax Collected 96 96 Interest Paid On Debts (3) (3) Capital Contributions 522 199 721 Acquisition Of Capital Assets (842) (842) Net Cash Used By Capital And Related Financing Activities (224) 196 (28) NET INCREASE (DECREASE) IN CASH (234) 3 (231) CASH Beginning Of Year 414 29 443 CASH End Of Year $ 180 $ 32 $ 212 186
Combining Statement Of Cash Flows For The Year Ended December 31, 2012 Page 2 of 2 Airport Course Funds RECONCILIATION OF OPERATING LOSS TO NET CASH USED BY OPERATING ACTIVITIES: Operating Loss $ (1,039) $ (443) $ (1,482) Adjustments To Reconcile Operating Loss To Net Cash Used By Operating Activities: Depreciation And Amortization 811 64 875 Decrease (Increase) In Assets: Receivables 24 24 Due From Other Funds (106) (106) Inventory (1) (1) Increase (Decrease) In Liabilities: Vouchers And Accounts Payable (11) 9 (2) Due To Other Funds 100 (38) 62 Accrued Wages And Benefits Payable 3 3 Compensated Absences (5) 10 5 Unearned Revenue 32 32 Total Adjustments 813 79 892 NET CASH USED BY OPERATING ACTIVITIES $ (226) $ (364) $ (590) NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES: Purchase Of Capital Assets On Account $ 17 $ $ 17 Due From Other Governments - Capital Contributions 40 40 TOTAL NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES $ 57 $ $ 57 RECONCILIATION OF CASH AT END OF YEAR TO BALANCE SHEET: Cash Per Balance Sheet: Cash In Treasury Pool (Current and Restricted Assets) $ 180 $ 32 $ 212 TOTAL CASH $ 180 $ 32 $ 212 187
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