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CITY OF ELI';RIVER,MINNESOTA
<br /> STATEMENTS OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31,2012 AND 2011
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<br /> Municipal Liquor Garbage
<br /> Restated
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<br /> Current Year Prior Year Current Year Prior Year
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments $ 1,555,676 $ 1,797,477 $ 591,503 $ 540,516
<br /> Restricted cash and investments - - - -
<br /> Receivables(net):
<br /> Interest 4,635 10,274 1,637 2,959
<br /> Accounts - - 14,281 13,001
<br /> Due from other governments - -
<br /> Due from other funds - - 104,952 107,723
<br /> Inventories 1,032,803 1,001,736 - -
<br /> Prepaid items - - - -
<br /> Total current assets 2,593,114 2,809,487 712,373 664,199
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Nondepreciable 753,961 823,761
<br /> Depreciable 3,084,328 3,051,787
<br /> Accumulated depreciation (1,472,028) (1,347,678)
<br /> Total noncurrent assets 2,366,261 2,527,870 - -
<br /> Total assets 4,959,375 5,337,357 712,373 664,199
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 268,789 305,609 92,912 95,660
<br /> Salaries payable 22,217 19,489 788 949
<br /> Due to other governments 66,933 62,867 - -
<br /> Due to other funds - -
<br /> Unearned revenue 1,987 1,836
<br /> Accrued interest - 13,688
<br /> Compensated absences payable-current 44,498 38,328
<br /> Notes payable-current - -
<br /> Bonds payable-current - 160,000 -
<br /> Total current liabilities 404,424 601,817 93,700 96,609
<br /> Noncurrent liabilities:
<br /> Compensated absences payable 54,815 48,851 - -
<br /> Net other postemployment benefits obligation 13,330 8,830
<br /> Notes payable - -
<br /> Bonds payable - 570,000
<br /> Total noncurrent liabilities 68,145 627,681 -
<br /> Total liabilities 472,569 1,229,498 93,700 96,609
<br /> NET POSITION
<br /> Net investment in capital assets 2,366,261 1,797,870
<br /> Restricted for debt service - - - -
<br /> Unrestricted 2,120,545 2,309,989 618,673 567,590
<br /> Total net position $ 4,486,806 $ 4,107,859 $ 618,673 $ 567,590
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<br /> The notes to the financial statements are an integral part of this statement.
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