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<br /> CITY OF ELK RIVER, MINNESOTA '
<br /> GOVERNMENTAL FUNDS
<br /> BALANCE SHEET
<br /> DECEMBER 31, 2010 '
<br />
<br />General Improvement Other
<br />Governmental Total
<br />Governmental
<br /> Fund Projects Funds Funds
<br />ASSETS
<br />Cash and investments $ 6,321,652 $ 4,394,334 $ 21,222,341 $ 31,938,327
<br />
<br />Receivables: ,
<br />Interest 39,119 23,034 102,273 164,426
<br />Taxes 563,529 5,775 172,880 742,184
<br />Accounts 10,564 - 447,790 458,354 '
<br />Special assessments - 1,459,835 2,195,619 3,655,454
<br />Notes - - 888,816 888,816
<br />Due from other governments
<br />Due from other funds 38,819
<br />80,149 12,018
<br />- 23,096
<br />675,870 73,933
<br />756,019 '
<br />Due from component unit 5,052 - - 5,052
<br />Prepaid items - - 93,080 93,080
<br />Total assets $ 7,058,884 $ 5,894,996 $ 25,821,765 $ 38,775,645 '
<br />LIABILITIES AND FUND BALANCES
<br />Liabilities:
<br />Accounts payable $ 356,405 $ 1,208 $ 317,865 $ 675,478 '
<br />Salaries payable 244,226 - 17,782 262,008
<br />Due to other funds 7,164 - 887,712 894,876
<br />Due to component unit - - 300,671 300,671
<br />
<br />Deferred revenue
<br />444,624
<br />1,462,738
<br />3,220,537
<br />5,127,899 '
<br />Total liabilities 1,052,419 1,463,946 4,744,567 7,260,932
<br />Fund balances:
<br />
<br />Nonspendable
<br />-
<br />-
<br />93,080
<br />93,080 '
<br />Restricted - - 6,936,113 6,936,113
<br />Committed 91,502 - 2,506,814 2,598,316
<br />Assigned 727,443 4,431,050 12,553,011 17,711,504 '
<br />Unassigned 5,187,520 - (1,011,820) 4,175,700
<br />Total fund balances 6,006,465 4,431,050 21,077,198 31,514,713
<br />Total liabilities and fund balances $ 7,058,884 $ 5,894,996 $ 25,821,765 $ 38,775,645 '
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<br />The notes to the fmancial statements are an integral part of this statement.
<br />23 '
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