Following is the June 30, 2022, statement of net position for the City of Bay Lake Water Utility Fund. CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2022 Assets Current assets: Cash and investments Accounts receivable (net of $13,367 provision for uncollectible accounts) Accrued utility revenue Due from General Fund Interest receivable Total current assets Restricted assets: Cash Capital assets: $ 1,775,019 306,869 500,000 29,311 82,000 2,693,199 9,193 Land $1,780,945 Buildings (net of $3,420,000 in accumulated depreciation) 5,214,407 Machinery and equipment (net of $5,129,928 in accumulated depreciation) Total capital assets (net) 8,488,395 15,483,747 Total Assets Liabilities Current liabilities: 18,186,139 Accounts payable Interest payable Current portion of long-term debt Total current liabilities Liabilities payable from restricted assets: Customer deposits Long-term liabilities: Revenue bond payable Total Liabilities Net Position Net Investment in capital assets Unrestricted 532,047 131,772 400,000 1,063,819 9,193 11,600,000 12,673,012 3,483,747 2,029,380 $5,513,127