|
i
<br /> CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2012
<br /> I
<br /> Primary Government
<br /> Governmental Business-type Component
<br /> Activities Activities Total Unit-RRA
<br /> ASSETS
<br /> Cash and investments $ 34,235,512 $ 21,335,715 $ 55,571,227 $ 862,972
<br /> Restricted cash and investments - 724,500 724,500 -
<br /> Cash with fiscal agent 1,553,188 - 1,553,188 -
<br /> Receivables(net):
<br /> Interest 96,336 33,239 129,575 -
<br /> Taxes 499,568 - 499,568 13,267
<br /> Accounts 453,608 2,531,008 2,984,616 -
<br /> Special assessments 2,665,342 - 2,665,342 -
<br /> Notes 334,969 - 334,969 400,000
<br /> Due from other governments 127,123 - 127,123 -
<br /> Due from primary government - - - 235,648
<br /> Internal balances (39,333) 39,333 - -
<br /> Inventories - 1,978,523 1,978,523 -
<br /> Prepaid items 122,013 222,411 344,424 -
<br /> Capital assets:
<br /> Nondepreciable 46,726,031 1,771,694 48,497,725 257,100
<br /> Depreciable(net) 67,467,598 70,348,904 137,816,502 173,322
<br /> Total assets 154,241,955 98,985,327 253,227,282 1,942,309
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding 367,111 83,765 450,876 -
<br /> LIABILITIES
<br /> Accounts payable 1,491,240 2,820,830 4,312,070 831
<br /> Salaries payable 306,229 127,923 434,152 2,207
<br /> Due to other govenmlents 1,464 222,158 223,622 -
<br /> Due to component unit 235,648 - 235,648
<br /> Accrued interest payable 523,894 149,494 673,388 -
<br /> Unearned revenue 521,169 41,344 562,513 -
<br /> Non-current liabilities:
<br /> Due within one year 5,409,990 1,666,201 7,076,191 -
<br /> Due in more than one year 28,218,794 10,671,914 38,890,708 -
<br /> Total liabilities 36,708,428 15,699,864 52,408,292 3,038
<br /> w
<br /> NET POSITION
<br /> Net investment in capital assets 84,060,768 60,351,984 144,412,752 430,422
<br /> Restricted for:
<br /> Debt service 3,044,599 724,500 3,769,099 -
<br /> Landfrll mitigation 763,939 - 763,939 -
<br /> Economic development 2,536,506 - 2,536,506 -
<br /> Insurance benefits 22,850 - 22,850 -
<br /> Law enforcement 23,288 - 23,288 -
<br /> Housing and redevelopment - - - 1,508,849
<br /> Unrestricted 27,448,688 22,292,744 49,741,432 -
<br /> Total net position $ 117,900,638 $ 83,369,228 $ 201,269,866 $ 1,939,271
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 19
<br />
|