Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Combining Balance Sheet
Enterprise Fund Types

June 30, 1999

				Department of Water and Sewerage Services						Nashville Convention Center					Board of Fair Commissioners				Farmers Market					Total Enterprise Fund Types
ASSETS
CURRENT ASSETS:
Cash and cash equivalents				$	30,102,479				$	979,377				$	5,101,259				$	268,962				$	36,452,077
Investments					18,258,973					594,600					3,071,427					163,678					22,088,678
Accounts receivable					17,361,869					433,629					348,584					3,142					18,147,224
Allowance for doubtful accounts					(581,410)					(140,032)					-					-					(721,442)
Accrued interest receivable					587,960					5,022					32,471					1,726					627,179
Due from other funds of the primary government					129,420					-					483					-					129,903
Due from component units					10,064					-					-					-					10,064
Inventories of supplies					2,667,481					-					-					-					2,667,481
Other current assets					1,000					3,811					17,447					-					22,258
Total current assets					68,537,836					1,876,407					8,571,671					437,508					79,423,422
RESTRICTED ASSETS:
Cash and cash equivalents					84,387,571					-					-					-					84,387,571
Investments					160,144,723					-					-					-					160,144,723
Accrued interest receivable					1,511,234					-					-					-					1,511,234
Due from other governmental agencies					11,269,866					-					-					-					11,269,866
Due from other funds of the primary government					5,000					-					-					-					5,000
Other restricted assets					529,493					-					-					-					529,493
Total restricted assets					257,847,887					-					-					-					257,847,887
PROPERTY, PLANT AND EQUIPMENT:
Utility plant in service					1,084,356,243					-					-					-					1,084,356,243
Land					15,364,942					6,056,529					175,293					-					21,596,764
Buildings and improvements					24,148,203					48,061,193					4,878,575					531,884					77,619,855
Improvements other than buildings					28,251,181					50,220					1,809,795					108,850					30,220,046
Office furniture and equipment					-					3,471,696					860,165					437,649					4,769,510
Machinery and equipment					32,798,845					-					-					-					32,798,845
Property under capital lease					-					-					-					3,645,000					3,645,000
Construction work in progress					312,559,516					-					-					-					312,559,516
Less accumulated depreciation					(318,558,639)					(15,537,894)					(5,084,155)					(601,848)					(339,782,536)
Property, plant and equipment - net					1,178,920,291					42,101,744					2,639,673					4,121,535					1,227,783,243
OTHER NON-CURRENT ASSETS					10,669,232					-					50,000					-					10,719,232
Total assets				$	1,515,975,246				$	43,978,151				$	11,261,344				$	4,559,043				$	1,575,773,784
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES (PAYABLE   FROM CURRENT ASSETS):
Accounts payable				$	2,988,228				$	739,514				$	175,074				$	36,875				$	3,939,691
Accrued payroll					1,216,423					299,773					102,480					22,538					2,641,214
Due to other funds of the primary government					146,198					13,883					13,865					5,631					179,577
Due to component units					4,972					-					-					-					4,972
Customer deposits					2,631,237					-					85,849					6,169					2,723,255
Current portion of capital lease					-					-					-					110,000					110,000
Other current liabilities					3,298,084					550,593					80,227					20,565					3,949,469
Total current liabilities (payable from         current assets)					10,285,142					1,603,763					457,495					201,778					12,548,178
CURRENT LIABILITIES (PAYABLE   FROM RESTRICTED ASSETS):
Accrued interest					15,696,983					-					-					-					15,696,983
Accounts payable					12,827,749					-					-					-					12,827,749
Other liabilities					4,477,969					-					-					-					4,477,969
Current portion of long-term debt					16,003,288					-					-					-					16,003,288
Total current liabilities (payable from         restricted assets)					49,005,989					-					-					-					49,005,989
LONG-TERM DEBT - NET OF CURRENT   MATURITIES:
Revenue bonds payable					541,534,020					-					-					-					541,534,020
Capitalized lease obligations					-					-					-					2,585,000					2,585,000
Other long-term liabilities					61,645,569					-					-					-					61,645,569
Total long-term debt					603,179,589					-					-					2,585,000					605,764,589
Total current liabilities (payable from         restricted assets)					49,005,989					-					-					-					49,005,989
Total liabilities					662,470,720					1,603,763					457,495					2,786,778					667,318,756
FUND EQUITY:
Contributed capital					472,832,690					56,775,770					1,488,395					-					531,096,855
Retained earnings (deficit):
Reserved for debt retirement					53,424,790					-					-					-					53,424,790
Reserved for construction					156,357,545					-					-					-					156,357,545
Unreserved					170,889,501					(14,401,382)					9,315,454					1,772,265					167,575,838
Total Fund equity					853,504,526					42,374,388					10,803,849					1,772,265					908,455,028
Total liabilities and fund equity				$	1,515,975,246				$	43,978,151				$	11,261,344				$	4,559,043				$	1,575,773,784
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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