CITY OF LAWRENCE, KANSAS
Statement of Net Assets
December 31, 2005
									Primary Government
									Governmental		Business-type				Component
	Assets								Activities		Activities		Total		Units
	Cash							$	7,080,116		10,660,250		17,740,366		7,890,845
	Investments								48,832,682		54,832,302		103,664,984		48,263,464
	Receivables (net of allowance of $82,240)								33,380,258		3,350,012		36,730,270		16,204,823
	Inventories								121,143		726,273		847,416		1,062,188
	Due from other funds								45,000		—		45,000		—
	Prepaid items								—		173,448		173,448		3,045,108
	Deferred costs								—		—		—		619,319
	Other assets								—		—		—		576,696
	Capital assets (Net)
		Land and construction in progress							32,694,327		7,318,875		40,013,202		2,607,554
		Other capital assets, net of depreciation							143,587,015		151,619,652		295,206,667		61,631,459
				Total assets				$	265,740,541		228,680,812		494,421,353		141,901,456
Liabilities
		Accounts payable and accrued expenses						$	5,205,687		2,914,361		8,120,048		13,251,953
		Unearned revenue							20,194		8,739		28,933		555,586
		Temporary notes payable							21,923,065		204,935		22,128,000		—
		Due to other funds							—		45,000		45,000		—
		Long-term liabilities
			Due within one year						10,033,483		2,927,037		12,960,520		2,209,623
			Due in more than one year						60,017,605		82,008,441		142,026,046		30,801,545
						Total liabilities		$	97,200,034		88,108,513		185,308,547		46,818,707
Net Assets
		Invested in capital assets, net of debt						$	88,194,346		74,895,527		163,089,873		36,606,448
		Restricted for:
			Water and sewer improvements						—		15,113,126		15,113,126		—
			Debt service						21,993,280		2,619,789		24,613,069		858,791
			Other purposes						352,596		—		352,596		—
		Unrestricted							58,000,285		47,943,857		105,944,142		57,617,510
		Total net assets						$	168,540,507		140,572,299		309,112,806		95,082,749
	The notes to the basic financial statements are an integral part of this statement