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<br /> CITY OF ELK RIVER, MINNESOTA
<br /> GOVERNMENTAL FUNDS
<br /> BALANC E SHEET
<br /> DECEMBER 31, 2009
<br />'
<br /> Other Total
<br /> General Street Improvement Govemmental Govemmental
<br /> Fund Improvements Projects Funds Funds
<br />' ASSETS
<br /> Cash and investments $ 5,800,923 $ 5,104,177 $ 4,092,193 $ 15,205,096 $ 30,202,389
<br /> Cash with fiscal agent - - - 71,655 71,655
<br /> Receivables:
<br />Interest
<br />38,100
<br />28,778
<br />22,657
<br />75,445
<br />164,980
<br /> Taxes 668,105 1,320 13,037 150,541 833,003
<br /> Accounts 23,181 27,552 - 526,590 577,323
<br /> Special assessments - 1,166,409 1,628,896 1,436,985 4,232,290
<br /> Notes - - - 1,037,486 1,037,486
<br />' Due from other governments 31,457 94,028 17 125,502
<br /> Due from other funds 67,788 159,971 - 497,420 725,179
<br /> Due from component unit 5,066 - - - 5,066
<br /> Prepaid items - - - 131,242 131,242
<br />' Total assets $ 6,634,620 $ 6,582,235 $ 5,756,783 $ 19,132,477 $ 38,106,115
<br /> LIABILITIES AND FUND BALANCES
<br /> Liabilities:
<br />' Accounts payable $ 241,853 $ 209,362 $ 425 $ 190,308 $ 641,948
<br />
<br />Salaries payable
<br />231,274 - -
<br />15,150
<br />246,424
<br /> Due to other govemments - - - 106,696 106,696
<br /> Due to other funds 1,426 _ 921,195 922,621
<br /> Due to component unit = 309,745 309,745
<br /> Deferred revenue 460,492 1,152,659 1,636,290 2,448,857 5,698,298
<br /> Total liabilities 935,045 1,362,021 1,636,715 3,991,951 7,925,732
<br /> Fund balances:
<br />' Reserved for:
<br /> Debt service - - - 2,484,203 2,484,203
<br /> Capital equipment/projects - - - 1,744,224 1,744,224
<br /> Landfill mitigation - - - 1,695,115 1,695,115
<br />' Notes 480,421 480,421
<br /> Prepaid items 131,242 131,242
<br /> Unreserved reported in:
<br />' Designated:
<br />General fund, for working capital 5,699,575 5,699,575
<br />
<br />Special revenue funds, for working capital - -
<br />2,319,346
<br />2,319,346
<br /> Special revenue funds, for development projects - - - 1,056,223 1,056,223
<br /> Special revenue funds, for future debt requirements - - - 4,846,544 4,846,544
<br /> Special revenue funds, for OPEB obligations - - - 88,718 88,718
<br />' Capital projects funds, for capital projects 5,220,214 4,120,068 1,169,497 10,509,779
<br /> Undesignated:
<br /> Special revenue funds - - - (466,294) (466,294)
<br /> Capital projects funds - - - (408,713) (408,713)
<br />' Total fund balances 5,699,575 5,220,214 4,120,068 15,140,526 30,180,383
<br /> Total liabilities and fund balances $ 6,634,620 $ 6,582,235 $ 5,756,783 $ 19,132,477 $ 38,106,115
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<br />0
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<br />The notes to the financial statements are an integral part of this statement.
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