City of Monroe CITY OF MONROE General Fund Balance Sheet As of December 31, 2016 Assets $497,000 Cash Taxes receivable Less: Estimated uncollectible taxes $210.000 (37000) 173,000 net Interest and penalties receivable on taxes Less: Estimated uncollectible interest and penalties 5,200 (950) net Total assets Liabilities: 4,250 210,000 $884,250 Due from state government Liabilities, Deferred Inflows, and Fund Equin Accounts payable Due to other funds Total liabilities $ 99,000 27,000 126,000 Deferred inflows- Property taxes Fund equity: 21,000 Fund balance-assigned $17,000 720,250 (for outstanding encumbrances) Fund balance-unassigned Total fund balance 737.250 Total liabilities, deferred inflows and fund equity $884.250 CITY OF MONROE Street and Highway Fund Balance Sheet As of December 31, 2016 Assets Cash Investments Due from state government Total assets $23,000 59,000 107,000 $189,000 Liabilities and Fund Equity Liabilities $9,000 Accounts payable Fund balance-assigned for streets and Total liabilities and fund equity Fund equity: highways 180,000