|
CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2013
<br /> Primary Government
<br /> Governmental Business-type - Component
<br /> Activities Activities Total Unit-HRA
<br /> ASSETS
<br /> Cash and investments $ 29,007,322 $ 22,847,081 $ 51,854,403 $ 1,043,777
<br /> Restricted cash and investments 647,000 647,000 -
<br /> Cash with fiscal agent 9,712,875 - 9,712,875
<br /> Receivables(net):
<br /> Interest 101,812 46,326 148,138 -
<br /> Taxes 549,307 - 549,307 13,607
<br /> Accounts 656,974 2,817,718 3,474,692 750
<br /> Special assessments 2,121,102 2,121,102
<br /> Notes,net 435,902 - 435,902 400,000
<br /> Due from other governments 38,156 12,209 50,365 -
<br /> Due from primary government - - - 230,623
<br /> Internal balances 269,066 (269,066) - -
<br /> Inventories 2,062,965 2,062,965
<br /> Prepaid items 114,331 218,446 332,777 -
<br /> Capital assets:
<br /> Nondepreciable 37,806,871 3,791,177 41,598,048 257,100
<br /> Depreciable(net) 74,797,668 68,325,437 143,123,105 161,703
<br /> Total assets 155,611,386 100,499,293 256,110,679 2,107,560
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding 330,846 75,525 406,371
<br /> LIABILITIES
<br /> Accounts payable 584,427 3,808,477 4,392,904 7,717
<br /> Salaries payable 347,302 193,250 540,552 1,326
<br /> Due to other governments 63,665 65,666 129,331 -
<br /> Due to component unit 230,623 230,623
<br /> Accrued interest payable 543,353 127,443 670,796
<br /> Unearned revenue 535,110 45,303 580,413 -
<br /> Non-current liabilities:
<br /> Due within one year 3,533,619 1,988,701 5,522,320
<br /> Due in more than one year 36,423,914 8,706,035 45,129,949 -
<br /> Total liabilities 42,262,013 14,934,875 57,196,888 9,043
<br /> NET POSITION
<br /> Net investment in capital assets 84,353,785 62,035,437 146,389,222 418,803
<br /> Restricted for:
<br /> Debt service 2,329,723 647,000 2,976,723
<br /> Landfill mitigation 660,000 660,000
<br /> Economic development 2,194,964 - 2,194,964
<br /> Insurance benefits 22,850 22,850 -
<br /> Law enforcement 45,671 45,671
<br /> Park improvements 3,516 3,516
<br /> Housing and redevelopment - - 1,679,714
<br /> Unrestricted 24,069,710 22,957,506 47,027,216 -
<br /> Total net position $ 113,680,219 $ 85,639,943 $ 199,320,162 $ 2,098,517
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 19
<br />
|