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<br />City of Elk River Net Assets '
<br />Governmental Business-type
<br />Activities Activities Total
<br />2010 2009 2010 2009 2010 2009 '
<br />Current and other assets $37,928,982 $37.178,428 $24,399,894 $24,144,259 $62,328,876 $61,322,687
<br />Capital assets 112,020,488 115,740,382 76,387,652 79,036,507 188,408,140 194,776,889
<br />
<br />Total assets 149,949,470 152,918,810 100.787,546 103,180,766 250,737,016
<br />256,099,576 '
<br />Long-term liabilities
<br />
<br />outstanding 29,056,384 31,186,396 15.846,876 19,804,003 44,903,260
<br />50,990,399 '
<br />Other liabilities 2,166,924 2,271,663 3,106,154 3,010,234 5,273,078 5,281,897
<br />Total liabilities 31,223,308 33,458,059 18,953,030 22,814,237 50,176,338 56,272,296 '
<br />Invested in capital assets
<br />net of related debt 84,629,091 86,149,417 60.872,584 59,601.861 145,501,675 145,751,278
<br />
<br />Restricted 7,341,554 4,723,030 724,500 724,500 8,066,054
<br />5,447,530 '
<br />Unrestricted 26,755,517 28,588,304 20,237,432 20,040,168 46,992,949 48,628,472
<br />Total net assets $1 18,726,162 $1 19,460,751 $81.834,516 $80,366,529 $200,560,678 $199,827,280 '
<br />An additional portion of the City of Elk River's net assets (4 percent) represents resources that are subject to external
<br />
<br />restrictions on how they may be used. The remaining balance of unrestricted net assets ($46,992,949) may be used to meet t
<br />the City of Elk River's ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City of Elk River is able to report positive balances in all three categories of net '
<br />assets, both for the City as a whole, as well as for its separate governmental and business-type activities.
<br />Governmental activities. Governmental activities account for 59% of the City of Elk River's net assets. Governmental
<br />
<br />activities decreased the City's net assets by $734,589. '
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