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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31,2014
<br /> Municipal
<br /> Liquor Garbage Sewer Water Electric Total
<br /> ASSETS
<br /> Current assets:
<br /> Cash and investments S 2,592,308 S 606,357 S 14,348,133 S 3,681,481 S 11,606,610 S 32,834,889
<br /> Restricted cash and investments - - - 490,500 490,500
<br /> Receivables(net):
<br /> Interest 6,720 1,549 14,708 91 363 23,431
<br /> Accounts - 16,110 234,053 217,387 2,599,664 3,067,214
<br /> Due from other governments - - - - 25,832 25,832
<br /> Due from other funds - 98,423 319,060 440,828 - 858,311
<br /> Inventories 1,105,495 - - 16,481 979,129 2,101,105
<br /> Prepaid items - - - 28,355 175,687 204,042
<br /> Total current assets 3,704,523 722,439 14,915,954 4,384,623 15,877,785 39,605,324
<br /> Noncurrent assets:
<br /> Capital assets:
<br /> Nondepreciable 753,961 - 3,198,188 706,661 470,352 5,129,162
<br /> Depreciable 3,041,138 - 37,335,092 33,754,157 46,395,743 120,526,130
<br /> Accumulated depreciation (1,678,352) - (17,357,072) (13,034,835) (20,038,050) (52,108,309)
<br /> Total noncurrent assets 2,116,747 - 23,176,208 21,425,983 26,828,045 73,546,983
<br /> Total assets 5,821,270 722,439 38,092,162 25,810,606 42,705,830 113,152,307
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred charge on refunding - - - 13,457 53,827 67,284
<br /> LIABILITIES
<br /> Current liabilities:
<br /> Accounts payable 363,050 107,672 1,252,700 421,372 2,575,115 4,719,909
<br /> Salaries payable 25,348 1,059 15,808 22,780 150,914 215,909
<br /> Due to other governments 67,603 - - 2,700 129,298 199,601
<br /> Due to other fiords - - - - 603,790 603,790
<br /> Unearned revenue 2,165 - - 73,631 - 75,796
<br /> Accrued interest - - 99,483 29,337 58,867 187,687
<br /> Compensated absences payable-current 35,891 - 10,654 24,985 58,906 130,436
<br /> Notes payable-current - - - - 191,518 191,518
<br /> Bonds payable-current - - - 228,000 672,000 900,000
<br /> Total current liabilities 494,057 108,731 1,378,645 802,805 4,440,408 7,224,646
<br /> Noncurnmt liabilities:
<br /> Compensated absences payable 58,520 - 3,463 65,045 153,350 280,378
<br /> Net other postemployment benefits obligation 22,310 - 23,871 - 54,932 101,113
<br /> Notes payable - - - - 1,408,358 1,408,358
<br /> Bonds payable - - 10,000,000 1,869,677 33733,556 15,603,233
<br /> Total noncurrent liabilities 80,830 - 10,027,334 1,934,722 5,350,196 17,393,082
<br /> Total liabilities 574,887 108,731 11,405,979 2,737,527 9,790,604 24,617,728
<br /> NET POSITION
<br /> Net investment in capital aeras 2,116,74721,058,022 19,341,763 20,876,440 63,392,972
<br /> Restricted for debt service - - - - 490,500 490,500
<br /> Unrestricted 3,129,636 613,708 5,628,161 3,744,773 11602,113 24,718,391
<br /> Total net position S 5,246,383 S 613,708 S 26,686,183 S 23,086,536 S 32,969,053 S 88,601,663
<br /> The notes to the financial statements are an integral part of this statement.
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