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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2014
<br /> Primary Government
<br /> Governmental Business-type Component
<br /> Activities Activities Total Unit-BRA
<br /> ASSETS
<br /> Cash and investments $ 30,639,963 $ 32,834,889 $ 63,474,852 $ 1,176,709
<br /> Restricted cash and investments - 490,500 490,500 -
<br /> Cash with fiscal agent 9,580,144 - 9,580,144 -
<br /> Receivables:
<br /> Interest 76,879 23,431 100,310 -
<br /> Taxes 410,707 - 410,707 9,235
<br /> Accounts 420,840 3,067,214 3,488,054 -
<br /> Special assessments 1,612,442 - 1,612,442 -
<br /> Notes,net 398,354 - 398,354 400,000
<br /> Due from other governments 48,308 25,832 74,140 -
<br /> Due from primary government - - - 227,666
<br /> Internal balances (254,521) 254,521 - -
<br /> Inventories - 2,101,105 2,101,105 -
<br /> Prepaid items 124,635 204,042 328,677 -
<br /> Property held for resale 261,400 - 261,400 -
<br /> Capital assets:
<br /> Nondepreciable 41,661,544 5,129,162 46,790,706 257,100
<br /> Depreciable(net) 69,961,053 68,417,821 138,378,874 150,083
<br /> Total assets 154,941,748 112,548,517 267,490,265 2,220,793
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding 294,581 67,284 361,865 -
<br /> LIABILITIES
<br /> Accounts payable 971,636 4,719,909 5,691,545 11,925
<br /> Salaries payable 452,665 215,909 668,574 1,369
<br /> Due to other governments - 199,601 199,601 -
<br /> Due to component unit 227,666 - 227,666 -
<br /> Accrued interest payable 528,454 187,687 716,141 -
<br /> Unearned revenue 535,872 75,796 611,668 -
<br /> Non-current liabilities:
<br /> Due within one year 3,519,370 1,221,954 4,741,324 -
<br /> Due in more than one year 34,983,773 17,393,082 52,376,855 -
<br /> Total liabilities 41,219,436 24,013,938 65,233,374 13,294
<br /> NET POSITION
<br /> Net investment in capital assets 84,921,650 63,392,972 148,314,622 407,183
<br /> Restricted for.
<br /> Debt service 1,599,852 490,500 2,090,352 -
<br /> Landfill mitigation 574,574 - 574,574 -
<br /> Economic development 1,625,159 1,625,159 -
<br /> Law enforcement 26,911 - 26,911 -
<br /> Park improvements 366,360 - 366,360 -
<br /> Housing and redevelopment - - - 1,800,316
<br /> Unrestricted 24,902,387 24,718,391 49,620,778 -
<br /> Total net position $ 114,016,893 $ 88,601,863 $ 202,618,756 $ 2,207,499
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 11111
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