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City of Elk River Net Position
<br />Governmental Business -type
<br />Activities Activities Total
<br />Total deferred inflows
<br />of resources 2,433,266 - 690,460 - 3,123,726 -
<br />Net investment
<br />in capital assets 75,030,579 84,921,650 76,747,269 63,392,972 151,777,848 148,314,622
<br />Restricted 3,675,588 4,192,856 490,500 490,500 4,166,088 4,683,356
<br />Unrestricted 20,170,751 24,902,387 24,504,299 24,718,391 44,675,050 49,620,778
<br />Total net position $ 98,876,918 $114,016,893 $101,742,068 $ 88,601,863 $ 200,618,986 $ 202,618,756
<br />An additional portion of the City of Elk River's net position (2 percent) represents resources that are subject to external restrictions on
<br />how they may be used. The remaining balance of unrestricted net position ($44,675,050) may be used to meet the City of Elk River's
<br />ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City of Elk River is able to report positive balances in all three categories of net position, both
<br />for the City as a whole, as well as for its separate governmental and business -type activities.
<br />-20-
<br />2015
<br />2014
<br />2015
<br />2014
<br />2015
<br />2014
<br />Current and other assets
<br />$ 46,019,412
<br />$ 43,319,151
<br />$ 34,093,281
<br />$ 39,001,534
<br />$ 80,112,693
<br />$ 82,320,685
<br />Capital assets
<br />100,211,719
<br />111,622,597
<br />93,681,707
<br />73,546,983
<br />193,893,426
<br />185,169,580
<br />Total assets
<br />146,231,131
<br />154,941,748
<br />127,774,988
<br />112,548,517
<br />274,006,119
<br />267,490,265
<br />Total deferred outflows
<br />of resources
<br />1,974,440
<br />294,581
<br />454,331
<br />67,284
<br />2,428,771
<br />361,865
<br />Long-term liabilities
<br />outstanding
<br />44,557,234
<br />38,503,143
<br />20,816,200
<br />18,615,036
<br />65,373,434
<br />57,118,179
<br />Other liabilities
<br />2,338,153
<br />2,716,293
<br />4,980,591
<br />5,398,902
<br />7,318,744
<br />8,115,195
<br />Total liabilities
<br />46.895387
<br />41219.436
<br />25.796.791
<br />24.013.938
<br />72.692.178
<br />65233374
<br />Total deferred inflows
<br />of resources 2,433,266 - 690,460 - 3,123,726 -
<br />Net investment
<br />in capital assets 75,030,579 84,921,650 76,747,269 63,392,972 151,777,848 148,314,622
<br />Restricted 3,675,588 4,192,856 490,500 490,500 4,166,088 4,683,356
<br />Unrestricted 20,170,751 24,902,387 24,504,299 24,718,391 44,675,050 49,620,778
<br />Total net position $ 98,876,918 $114,016,893 $101,742,068 $ 88,601,863 $ 200,618,986 $ 202,618,756
<br />An additional portion of the City of Elk River's net position (2 percent) represents resources that are subject to external restrictions on
<br />how they may be used. The remaining balance of unrestricted net position ($44,675,050) may be used to meet the City of Elk River's
<br />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 position, both
<br />for the City as a whole, as well as for its separate governmental and business -type activities.
<br />-20-
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