|
CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENTS OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31,2013 AND 2012
<br /> Municipal Liquor Garbage
<br /> Current Year Prior Year Current Year Prior Year
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments $ 1,992,380 S 1,555,676 S 606,857 $ 591,503
<br /> Restricted cash and investments -
<br /> Receivables(net):
<br /> Interest 7,391 4,635 2,207 1,637
<br /> Accounts - 13,313 14,281
<br /> Due from other governments -
<br /> Due from other funds - - 92,162 104,952
<br /> Inventories 1,084,352 1,032,803 -
<br /> Prepaid items - - -
<br /> Total current assets 3,084,123 2,593,114 714,539 712,373
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Nondepreciable 753,961 753,961
<br /> Depreciable 3,084,328 3,084,328
<br /> Accumulated depreciation (1,596,785) (1,472,028) -
<br /> Total noncurrent assets 2,241,504 2,366,261 - -
<br /> Total assets 5,325,627 4,959,375 714,539 712,373
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding - - -
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 333,588 268,789 99,064 92,912
<br /> Salaries payable 24,320 22,217 788
<br /> Due to other governments 65,564 66,933
<br /> Due to other funds -
<br /> Unearned revenue 2,112 1,987
<br /> Accrued interest
<br /> Compensated absences payable-current 44,800 44,498 -
<br /> Notes payable-current -
<br /> Bonds payable-current - - - -
<br /> Total current liabilities 470,384 404,424 99,064 93,700
<br /> Noncurrent liabilities:
<br /> Compensated absences payable 60,277 54,815
<br /> Net other postemployment benefits obligation 17,631 13,330
<br /> Notes payable
<br /> Bonds payable
<br /> Total noncurrent liabilities 77,908 68,145
<br /> Total liabilities 548,292 472,569 99,064 93,700
<br /> NET POSITION
<br /> Net investment in capital assets 2,241,504 2,366,261
<br /> Restricted for debt service - - - _
<br /> Unrestricted 2,535,831 2,120,545 615,475 618,673
<br /> Total net position $ 4,777,335 $ 4,486,806 $ 615,475 $ 618,673
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 27
<br />
|