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<br />CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />DECEMBER 31, 2009
<br /> Primary Government
<br />' Governmental Business-type Component
<br /> Activities Acti~~ities Total Unit - IIRA
<br /> ASSETS
<br />' Cash and investments $ 30,202,389 $ 16,012,380 $ 46.214,769 $ 704,311
<br /> Restricted cash and investments - 724,500 724,500 -
<br /> Cash v~rith fiscal agent 71,665 2,588,901 2,660,556
<br />'
<br />Receivables (net): =
<br /> Interest 164,980 98,787 263,767
<br /> Taxes 833,003 - 833,003 22,210
<br />' Accounts 577,323 2,174,452 2,751,775
<br />
<br />Special assessments
<br />4;232,290
<br />4,232,290 =
<br /> Notes 1,037,486 - 1,037,486 400,000
<br /> Due from other governments 125,502 90,223 215,725 6,042
<br />' Due from primary government 304,679
<br /> Internal balances (197,442) 197,442 - -
<br />' Inventories
<br />Prepaid items -
<br />131,242 1,916,002
<br />95,160 1,916,002
<br />226,402 =
<br /> Deferred charges - 246,412 246,412 -
<br /> Property held for resale - - - 823,146
<br />' Capital assets:
<br /> Nondepreciable 41,963,542 1,601,279 43,564,821
<br /> Depreciable (net) 73,776,840 77,435,228 151,212,068 -
<br /> 3
<br />180
<br />766 576
<br />256
<br />099 2
<br />260
<br />388
<br /> Total assets 152,918,810 ,
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<br />10 ,
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<br /> LIABILITIES
<br />' Accounts payable 641,948 2,528,717 3,170,665 1,785
<br /> Salaries payable 246,424 96,611 343,035 1,843
<br /> Due to other governments 106,696 107,997 214,693 =
<br />' Due to component unit 304,679 304,679
<br /> Accrued interest payable 509,396 275,384 784,780 7,441
<br /> Unearned revenue 462,520 1,525 464,045 -
<br />' Non-current liabilities:
<br /> Due within one year 2,773,160 4,118,305 6,891,465 103,462
<br /> Due in more than one year 28,413,236 15,685,698 44,098,934 167,126
<br /> 4
<br />237 56
<br />272
<br />296 281
<br />657
<br /> Total liabilities 33,458,059 ,
<br />22,81 ,
<br />; ,
<br /> NET ASSETS
<br />' Invested in capital assets,
<br /> net of related debt 86,149,417 59,601,861 145,751,278 -
<br /> Restricted for:
<br />
<br />Debt service
<br />3,027,915
<br />724,500
<br />3,752,415 -
<br /> Landfill mitigation 1,695,115 - 1,695,115 -
<br /> Unrestricted 28,588,304 20,040,168 48,628,472 1,978,731
<br />'
<br /> Total net assets $ 119,460,751 $ 80,366,529 $ 199,827,280 $ 1,978,731
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<br /> The notes to the financial statements ar e an integral part of this statement.
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