|
City of Elk River Net Position
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> 2012 2011 2012 2011 2012 2011
<br /> Current and other assets $40,048,326 $39,740,140 $26,864,729 $24,114,008 $66,913,055 $63,854,148
<br /> Capital assets 114,193,629 109,601,520 72,120,598 74,426,752 186,314,227 184,028,272
<br /> Total assets 154,241,955 149,341,660 98,985,327 98,540,760 253,227,282 247,882,420
<br /> Total deferred outflows
<br /> ofresources 367,111 403,376 83,765 92,004 450,876 495,380
<br /> Long-term liabilities
<br /> outstanding 33,628,784 27,003,133 12,338,115 14,451,267 45,966,899 41,454,400
<br /> Other liabilities 3,079,644 2,434,349 3,361,749 3,510,693 6,441,393 5,945,042
<br /> Total liabilities 36,708,428 29,437,482 15,699,864 17,961,960 52,408,292 47,399,442
<br /> Net investment
<br /> in capital assets 84,060,768 84,741,957 60,351,984 60,543,619 144,412,752 145,285,576
<br /> Restricted 6,391,182 6,283,346 724,500 724,500 7,115,682 7,007,846
<br /> Unrestricted 27,448,688 29,282,251 22,292,744 19,402,685 49,741,432 48,684,936
<br /> Total net position $117,900,638 $120,307,554 $83,369,228 $80,670,804 $201,269,866 $200,978,358
<br /> An additional portion of the City of Elk River's net position(4 percent)represents resources that are subject to external
<br /> restrictions on how they may be used. The remaining balance of unrestricted net position($49,741,432)may be used to
<br /> meet 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 /> position,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 position.
<br /> Governmental activities decreased the City's net position by$2,406,916.
<br /> i
<br /> 12
<br />
|