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City of Elk River Net Position
<br /> Governmental Business-type
<br /> Activities Activities Total
<br /> 2013 2012 2013 2012 2013 2012
<br /> Current and other assets $43,006,847 $40,048,326 $28,382,679 $26,864,729 $71,389,526 $66,913,055
<br /> Capital assets 112,604,539 114,193,629 72,116,614 72,120,598 184,721,153 186,314,227
<br /> Total assets 155,611,386 154,241,955 100,499,293 98,985,327 256,110,679 253,227,282
<br /> Total deferred outflows
<br /> ofresources 330,846 367,111 75,525 83,765 406,371 450,876
<br /> Long-term liabilities
<br /> outstanding 39,957,533 33,628,784 10,694,736 12,338,115 50,652,269 45,966,899
<br /> Other liabilities 2,304,480 3,079,644 4,240,139 3,361,749 6,544,619 6,441,393
<br /> Total liabilities 42,262,013 36,708,428 14,934,875 15,699,864 57,196,888 52,408,292
<br /> Net investment
<br /> in capital assets 84,353,785 84,060,768 62,035,437 60,351,984 146,389,222 144,412,752
<br /> Restricted 5,256,724 6,391,182 647,000 724,500 5,903,724 7,115,682
<br /> Unrestricted 24,069,710 27,448,688 22,957,506 22,292,744 47,027,216 49,741,432
<br /> Total net position $113,680,219 $117,900,638 $85,639,943 $83,369,228 $199,320,162 $201,269,866
<br /> An additional portion of the City of Elk River's net position(3 percent)represents resources that are subject to external
<br /> restrictions on how they may be used. The remaining balance of unrestricted net position($47,027,216)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.
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