|
CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />DECEMBER 31, 2003
<br />
<br />ASSETS
<br />Cash and investments
<br />Cash with fiscal agent
<br />Receivables (net):
<br /> Interest
<br /> Taxes
<br /> Accounts
<br />Special assessments
<br />Notes
<br />Due from other governments
<br />Due from primary government
<br />Internal balances
<br />Inventories
<br />Prepaid items
<br />Deferred charges
<br />Property held for resale
<br />Capital assets:
<br /> Nondepreciable
<br /> Depreciable (net)
<br />
<br />Total assets
<br />
<br />LIABILITIES
<br />Accounts payable
<br />Salaries payable
<br />Due to other governments
<br />Due to component unit
<br />Accrued interest payable
<br />Unearned revenue
<br />Non-current liabilities:
<br /> Due within one year
<br /> Due in more than one year
<br />
<br />Governmental
<br />Activities
<br />
<br />$ 23,192,731
<br /> 1,217,691
<br />
<br /> 89,554
<br /> 278,274
<br /> 222,456
<br /> 7,018,633
<br /> 731,917
<br /> 450,569
<br />
<br /> 199,415
<br /> 42,489
<br /> 171,263
<br />
<br /> 27,025,995
<br /> 51,626,428
<br />
<br />112,267,415
<br />
<br /> 1,191,377
<br /> 231,258
<br /> 280,314
<br /> 255,822
<br /> 375,016
<br /> 35,500
<br />
<br />2,542,459
<br />20,526,194
<br />
<br />Primary Government
<br />Business-type
<br />Activities
<br />
<br />$ 12,272,033
<br />
<br /> 77,223
<br /> 1,285,826
<br />
<br /> 138,997
<br />
<br /> (199,415)
<br /> 1,179,211
<br /> 22,918
<br /> 158,379
<br />
<br /> 1,447,741
<br /> 60,599,666
<br />
<br />76,982,579
<br />
<br /> 1,190,602
<br /> 84,575
<br /> 6,264
<br />
<br /> 229,574
<br />
<br />2,567,484
<br />13,390,915
<br />
<br />Total
<br />
<br />$ 35,464,764
<br /> 1,217,691
<br />
<br /> 166,777
<br /> 278,274
<br /> 1,508,282
<br /> 7,018,633
<br /> 731,917
<br /> 589,566
<br />
<br /> 1,179,211
<br /> 65,407
<br /> 158,379
<br /> 171,263
<br />
<br /> 28,473,736
<br /> 112,226,094
<br />
<br />189,249,994
<br />
<br /> 2,381,979
<br /> 315,833
<br /> 286,578
<br /> 255,822
<br /> 604,590
<br /> 35,500
<br />
<br />5,109,943
<br />33,917,109
<br />
<br />Total liabilities 25,437,940 17,469,414 42,907,354
<br />
<br />NET ASSETS
<br />Invested in capital assets,
<br />net of related debt 56,003,997 46,341,983
<br />Restricted for:
<br />Debt service 5,756,402
<br />Landfill mitigation 2,280,724 -
<br />Other 346,758
<br />Unrestricted 22,441,594 13,171,182
<br />
<br />Totalnet assets $ 86,829,475 $ 59,513,165
<br />
<br />The notes to the financial statements are an integral part of this statement.
<br />
<br />102,345,980
<br />
<br /> 5,756,402
<br /> 2,280,724
<br /> 346,758
<br /> 35,612,776
<br />
<br />$ 146,342,640
<br />
<br />Component
<br />Unit
<br />
<br />$ 91,450
<br />
<br />6,334
<br />
<br />255,822
<br />
<br />353,606
<br />
<br />5,717
<br />1,342
<br />
<br />7,059
<br />
<br />346,547
<br />
<br />$ 346,547
<br />
<br />
<br />
|