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City of Elk River Net Position
<br />Net investment
<br />in capital assets
<br />Governmental
<br />Business -type
<br />63,392,972
<br />62,035,437
<br />148,314,622
<br />Activities
<br />Restricted
<br />Activities
<br />5,256,724
<br />Total
<br />647,000
<br />4,683,356
<br />2014
<br />2013
<br />2014
<br />2013
<br />2014
<br />2013
<br />Current and other assets
<br />$43,319,151
<br />$43,006,847
<br />$39,001,534
<br />$28,382,679
<br />$82,320,685
<br />$71,389,526
<br />Capital assets
<br />111,622,597
<br />112,604,539
<br />73,546,983
<br />72,116,614
<br />185,169,580
<br />184,721,153
<br />Total assets
<br />154,941,748
<br />155,611,386
<br />112,548,517
<br />100,499,293
<br />267,490,265
<br />256,110,679
<br />Total deferred outflows
<br />of resources
<br />294,581
<br />330,846
<br />67,284
<br />75,525
<br />361,865
<br />406,371
<br />Long -term liabilities
<br />outstanding
<br />38,503,143
<br />39,957,533
<br />18,615,036
<br />10,694,736
<br />57,118,179
<br />50,652,269
<br />Other liabilities
<br />2,716,293
<br />2,304,480
<br />5,398,902
<br />4,240,139
<br />8,115,195
<br />6,544,619
<br />Total liabilities
<br />41,219,436
<br />42,262,013
<br />24,013,938
<br />14,934,875
<br />65,233,374
<br />57,196,888
<br />Net investment
<br />in capital assets
<br />84,921,650
<br />84,353,785
<br />63,392,972
<br />62,035,437
<br />148,314,622
<br />146,389,222
<br />Restricted
<br />4,192,856
<br />5,256,724
<br />490,500
<br />647,000
<br />4,683,356
<br />5,903,724
<br />Unrestricted
<br />24 902,387
<br />24,069,710
<br />24,718,391
<br />22,957,506
<br />49,620,778
<br />47,027,216
<br />Total net position
<br />$114,016,893
<br />$113,680,219
<br />$88,601,863
<br />$85,639,943
<br />$202,618,756
<br />$199,320,162
<br />An additional portion of the City of Elk River's net position (2 percent) represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position ($49,620,778) 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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