|
City of Elk River Net Assets
<br />Invested in capital assets
<br />2010
<br />$62,328,876
<br />250,737,016
<br />44,903,260
<br />5,273,078
<br />50,176,338
<br />net of related debt 84,741,957
<br />Governmental
<br />Business -type
<br />60,972,838
<br />145,267,175
<br />Activities
<br />Activities
<br />T
<br />724,500
<br />2011
<br />2010
<br />2011
<br />2010
<br />2011
<br />Current and other assets
<br />$39,789,011
<br />$37,928,982
<br />$24,316,511
<br />$24,399,894
<br />$64,105,522
<br />Capital assets
<br />109,601,520
<br />112,020,488
<br />74,426,752
<br />76,387,652
<br />184,028,272
<br />Total assets
<br />149,390,531
<br />149,949,470
<br />98,743,263
<br />100,787,546
<br />248,133,794
<br />Long -term liabilities
<br />outstanding
<br />26,599,757
<br />29,056,384
<br />14,359,263
<br />15,846,876
<br />40,959,020
<br />Other liabilities
<br />2,434,349
<br />2,166,924
<br />3,510,693
<br />3,106,154
<br />5,945,042
<br />Total liabilities
<br />29,034,106
<br />31,223,308
<br />17,869,956
<br />18,953,030
<br />46,904,062
<br />Invested in capital assets
<br />2010
<br />$62,328,876
<br />250,737,016
<br />44,903,260
<br />5,273,078
<br />50,176,338
<br />net of related debt 84,741,957
<br />84,629,091
<br />60,525,218
<br />60,972,838
<br />145,267,175
<br />145,601,929
<br />Restricted 6,283,346
<br />7,341,554
<br />724,500
<br />724,500
<br />7,007,846
<br />8,066,054
<br />Unrestricted 29,331,122
<br />26,755,517
<br />19,623,589
<br />20,137,178
<br />48,954,711
<br />46,892,695
<br />Total net assets $120,356,425
<br />$118,726,162
<br />$80,873,307
<br />$81,834,516
<br />$201,229,732
<br />$200,560,678
<br />An additional portion of the City of Elk River's net assets (3 percent) represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net assets ($48,954,711) may be used to meet
<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 60% of the City of Elk River's net assets. Governmental
<br />activities increased the City's net assets by $1,630,263.
<br />13
<br />
|