Combining Balance Sheet - Proprietary Types

Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Component Units
Combining Balance Sheet
Proprietary Types

June 30, 1999

	Hospital Authority						Electric Power Board		Metropolitan Transit Authority		Nashville Thermal Transfer Corporation		Metropolitan Nashville Airport Authority		Emergency Communications District		Industrial Development Board		Total Proprietary Types
	General Hospital		Bordeaux Hospital		Total		Electric Power Board		Metropolitan Transit Authority		Nashville Thermal Transfer Corporation		Metropolitan Nashville Airport Authority		Emergency Communications District		Industrial Development Board		Total Proprietary Types
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	9,100	$	2,625,815	$	2,634,915	$	43,137,551	$	320,863	$	1,729,758	$	23,465,033	$	1,459,541	$	677,369	$	73,425,030
Investments		-		1,591,819		1,591,819		592,534		197,729		-		32,169,492		1,200,000		-		35,751,574
Accounts receivable		28,804,028		6,518,940		35,322,968		75,066,857		4,475,411		2,178,632		3,609,826		771,596		13,969		121,439,259
Allowance for doubtful accounts		(15,631,895)		(3,199,728)		(18,831,623)		(1,047,809)		-		-		(96,561)		-		-		(19,975,993)
Accrued interest receivable		-		17,703		17,703		1,265,864		-		-		-		-		-		1,283,567
Due from the primary government		1,206,854		734,989		1,941,843		-		17,769		14,085		-		-		530,000		2,503,697
Due from component units		1,125,540		-		1,125,540		-		-		-		-		-		-		1,125,540
Inventories of supplies		295,185		319,042		614,227		10,119,942		2,032,107		1,594,373		602,235		-		-		14,962,884
Other current assets		412,118		-		412,118		1,106,029		105,960		11,526		573,115		-		-		2,208,748

Total current assets		16,220,930		8,608,580		24,829,510		130,240,968		7,149,839		5,528,374		60,323,140		3,431,137		1,221,338		232,724,306


RESTRICTED ASSETS:
Cash and cash equivalents		14,272		91,411		105,683		295,884		-		3,998,175		35,524,583		-		64		39,924,389
Investments		-		2,215		2,215		85,253,539		-		18,735,241		22,229,540		-		-		126,220,535
Accrued interest receivable		-		12		12		-		-		111,746		706,127		-		-		817,885
Other restricted assets		-		-		-		-		-		-		1,704,329		-		-		1,704,329

Total restricted assets		14,272		93,638		107,910		85,549,423		-		22,845,162		60,164,579		-		64		168,667,138


NOTES RECEIVABLE		-		-		-		5,904,274		-		-		5,285,092		-		-		11,189,366


PROPERTY, PLANT AND EQUIPMENT:
Utility plant in service		-		-		-		748,389,165		-		94,419,877		-		-		-		842,809,042
Land		737,167		446,703		1,183,870		-		2,691,315		-		414,853,884		-		-		418,729,069
Buildings and improvements		790,563		19,648,410		20,438,973		-		14,037,589		-		94,559,718		-		-		129,036,280
Machinery and equipment		17,753,745		4,293,679		22,047,424		-		33,832,433		-		10,120,654		3,088,987		-		69,089,498
Property under capital lease		48,000,000		-		48,000,000		-		-		-		-		-		-		48,000,000
Construction work in progress		-		-		-		-		704,814		2,466,698		34,205,328		-		-		37,376,840
Less accumulated depreciation		(12,342,085)		(11,121,883)		(23,463,968)		(274,840,399)		(26,924,671)		(52,201,236)		(185,227,649)		(1,462,911)		-		(564,120,834)

Property, plant and
equipment - net		54,939,390		13,266,909		68,206,299		473,548,766		24,341,480		44,685,339		368,511,935		1,626,076		-		980,919,895


OTHER NON-CURRENT ASSETS		-		-		-		3,244,588		-		931,735		5,818,719		-		-		9,995,042

Total assets	$	71,174,592	$	21,969,127	$	93,143,719	$	698,488,019	$	31,491,319	$	73,990,610	$	500,103,465	$	5,057,213	$	1,221,402	$	1,403,495,747



LIABILITIES AND FUND EQUITY (DEFICIT)

CURRENT LIABILITIES (PAYABLE
FROM CURRENT ASSETS):
Accounts payable	$	1,329,937	$	661,639	$	1,991,576	$	91,792,856	$	2,919,454	$	507,585	$	7,249,573	$	93,820	$	399	$	104,555,263
Accrued payroll		3,428,102		2,250,498		5,678,600		-		753,693		628,634		1,938,346		-		-		8,999,273
Due to component units		-		1,125,540		1,125,540		-		-		-		-		-		-		1,125,540
Due to the primary government		15,541,821		48,287		15,590,108		-		330,387		7,113		-		-		-		15,927,608
Customer deposits		-		-		-		6,278,121		-		-		-		-		-		6,278,121
Current portion of long-term debt		-		-		-		12,155,000		862,142		-		-		-		-		13,017,142
Current portion of capital lease		701,949		-		701,949		-		-		-		-		-		-		701,949
Other current liabilities		14,272		-		14,272		-		1,112,441		-		-		-		1,000		1,127,713

Total current liabilities
(payable from current assets)		21,016,081		4,085,964		25,102,045		110,225,977		5,978,117		1,143,332		9,187,919		93,820		1,399		151,732,609


CURRENT LIABILITIES (PAYABLE
FROM RESTRICTED ASSETS):
Accrued interest		-		-		-		1,597,868		-		2,065,816		8,848,605		-		-		12,512,289
Funds held in trust		14,272		93,638		107,910		-		-		-		-		-		-		107,910
Current portion of long-term debt		-		-		-		-		-		5,205,000		13,315,000		-		-		18,520,000

Total current liabilities
(payable from restricted assets)		14,272		93,638		107,910		1,597,868		-		7,270,816		22,163,605		-		-		31,140,199


LONG-TERM DEBT - NET OF CURRENT
MATURITIES:
Revenue bonds payable		-		-		-		287,239,621		-		73,248,510		312,857,432		-		-		673,345,563
Capitalized lease obligations		45,049,971		-		45,049,971		-		-		-		-		-		-		45,049,971
TVA advances		-		-		-		5,807,637		-		-		-		-		-		5,807,637
Other long-term liabilities		-		-		-		1,251,115		-		-		12,592,947		-		-		13,844,062

Total long-term debt		45,049,971		-		45,049,971		294,298,373		-		73,248,510		325,450,379		-		-		738,047,233

Total liabilities		66,080,324		4,179,602		70,259,926		406,122,218		5,978,117		81,662,658		356,801,903		93,820		1,399		920,920,041


FUND EQUITY (DEFICIT):
Contributed capital		30,356,138		26,220,382		56,576,520		-		24,139,239		-		167,032,074		-		-		247,747,833
Retained earnings (deficit):
Reserved for debt retirement		-		-		-		31,688,218		-		-		-		1,207,438		-		32,895,656
Reserved for construction		-		-		-		53,861,205		-		-		-		-		-		53,861,205
Reserved for self-insurance		-		-		-		-		1,000,000		-		-		-		-		1,000,000
Unreserved		(25,261,870)		(8,430,857)		(33,692,727)		206,816,378		373,963		(7,672,048)		(23,730,512)		3,755,955		1,220,003		147,071,012

Total fund equity (deficit)		5,094,268		17,789,525		22,883,793		292,365,801		25,513,202		(7,672,048)		143,301,562		4,963,393		1,220,003		482,575,706

Total liabilities and fund equity (deficit)	$	71,174,592	$	21,969,127	$	93,143,719	$	698,488,019	$	31,491,319	$	73,990,610	$	500,103,465	$	5,057,213	$	1,221,402	$	1,403,495,747


The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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