HART COUNTY, GEORGIA
STATEMENT OF NET ASSETS
September 30, 2004

COMPONENT UNITS		PRIMARY GOVERNMENT					GOVERNMENTAL ACTIVITIES (nonmajor)		BUSINESS-TYPE ACTIVITIES (major)
		GOVERNMENTAL BUSINESS-TYPE
ASSETS		ACTIVITIES		ACTIVITIES	TOTAL
Cash		$598,424		$55,603	$654,027		$362,768		$641,017
Investments		6,803,388		1,328,100	8,131,488		35,953		581475
Receivables (net of allowance for uncollectibles)		1,654,289		104,788	1,759,077		28,645		23,871
Inventory		76,627		17,669	94,296		-		20,090
Prepaid items		-		-	-		-		2,020
Restricted cash		4,559		-	4,559		-		5,652
Capital assets: Land and improvements		615,093		-	615,093		-		1,357,145
Buildings		6,732,343		21,699	6,754,042				-
Water lines		-		-	-		_		3,231,912
Construction in progress		69,658		-	69,658		-		2,466,650
Machinery, equipment and other		3,068,574		574,183	3,642,757		151,167		96,384
Vehicles		2,619,399		126,562	2,745,961		-		-
Infrastructure		1,168,061			1,168,061		-		-
Books and collections		-		-	-		1,093,127		-
Recreational upgrades		316,020		-	316,020				-
'Less accumulated depredation		(2,568,271)		(210,150)	(2;778,421)		(596,394)		(160,864)
- Capital assets, net of depreciation		12,020,877		512,294	12,533,171		-647,900		6,991,227
Tote/Assets		21,158,164		2,018,454	23,176,618		1,075,266		8,265,352
LIABILITIES Current Liabilities: Accounts payable		188,343		121,150	309,493		6,860		22,139
Other accrued items		55,761		1,065	56,826				405
Customer deposits		11,938		-	11,938		-		5,737
Contracts and retainage payable		-		-	-		-		118,000
Compensated absences		287,905		10,277	298,182		27,742
Capital lease payable - current		110,965		-	110,965		-		-
Notes payable - current		-		-	-				62,383
Noncurrent liabilities: Capital lease payable		1,208,066		-	1,208,086		-		-
Notes payable		-		-	-		-		887,635
Landfill closure/postclosure		-		483,650	483,650
Total Liabilities		1,862,998		616,142	2,479,140		34,602		1.096299
ET ASSETS Invested in capital assets, net of related debt		10,701,826		512,294	11,214,120		647,900		5,923,209
Restricted for. Capital projects and other		-		-	-		109,997		-
Escrow.		4,559		-	4,559		-		-
Debt service		-		-	-		-		5,652
Unrestricted		8,588,781		890,018	9,478,799.		282,767		1,240,192
Total Net Assets		$19,295,166		$1,402,312	$20,697,478		$1,040,664		$7,169,053