|
CITY OF ELK RIVER
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2016
<br />See accompanying Notes to Basic Financial Statements.
<br />(21)
<br />Primary Government
<br />Governmental
<br />Business -Type
<br />Component
<br />Activities
<br />Activities
<br />Total
<br />Unit HRA
<br />ASSETS
<br />Cash and Investments
<br />$ 26,987,033
<br />$ 26,260,342
<br />$ 53,247,375
<br />$ 1,289,705
<br />Restricted Cash and Investments
<br />-
<br />997,660
<br />997,660
<br />-
<br />Cash and Investments Held by Trustee
<br />9,284,303
<br />-
<br />9,284,303
<br />-
<br />Receivables:
<br />Accrued Interest
<br />112,174
<br />42,635
<br />154,809
<br />16,482
<br />Taxes
<br />631,259
<br />-
<br />631,259
<br />-
<br />Special Assessments
<br />955,579
<br />-
<br />955,579
<br />Other Accounts Receivable
<br />521,553
<br />3,325,974
<br />3,847,527
<br />-
<br />Notes Receivable, Net
<br />2,186,175
<br />-
<br />2,186,175
<br />531,802
<br />Due from Other Governments
<br />401,578
<br />19,163
<br />420,741
<br />-
<br />Due from Primary Government
<br />-
<br />-
<br />-
<br />215,494
<br />Due from Component Unit
<br />8,202
<br />-
<br />8,202
<br />-
<br />Internal Balances
<br />(144,417)
<br />144,417
<br />-
<br />Prepaid Items
<br />129,140
<br />225,420
<br />354,560
<br />Inventories
<br />-
<br />2,023,346
<br />2,023,346
<br />Land Held for Resale
<br />187,060
<br />-
<br />187,060
<br />Pension Asset
<br />480,918
<br />-
<br />480,918
<br />-
<br />Capital Assets -
<br />Non -Depreciable:
<br />Land
<br />40,876,833
<br />1,609,491
<br />42,486,324
<br />257,100
<br />Intangible Assets
<br />-
<br />9,804,951
<br />9,804,951
<br />-
<br />Construction in Progress
<br />437,501
<br />3,714,934
<br />4,152,435
<br />Depreciable:
<br />Buildings and Building Improvements
<br />45,048,097
<br />24,363,780
<br />69,411,877
<br />-
<br />Improvements Other than Buildings
<br />5,438,466
<br />-
<br />51438,466
<br />174,290
<br />Infrastructure
<br />66,110,684
<br />-
<br />66,110,684
<br />-
<br />Distribution/Collection Systems
<br />-
<br />122,107,290
<br />122,107,290
<br />Equipment and Furniture
<br />12,764,099
<br />10,665,822
<br />23,429,921
<br />Total Capital Assets
<br />170,675,680
<br />172,266,268
<br />342,941,948
<br />431,390
<br />Less: Accumulated Depreciation
<br />(72,764,861)
<br />(64,551,418)
<br />(137,316,279)
<br />(47,445)
<br />Total Capital Assets, Net
<br />97,910,819
<br />107,714,850
<br />205,625,669
<br />383,945
<br />Total Assets
<br />`x•139,651,376
<br />140,753,807
<br />280,405,183
<br />2,437,428
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows - Pensions
<br />11,481,277
<br />2,067,464
<br />13,548,741
<br />24,941
<br />Deferred Charge on Debt Refunding
<br />222,051
<br />51,520
<br />273,571
<br />11,703,328
<br />2,118,984
<br />13,822,312
<br />24,941
<br />LIABILITIES
<br />Accounts and Contracts Payable
<br />85,070
<br />5,374,407
<br />5,959,477
<br />22,469
<br />Accrued Salaries Payable
<br />196,892
<br />140,076
<br />336,968
<br />1,296
<br />Due to Governmental Activities .
<br />4,602
<br />185,974
<br />190,576
<br />-
<br />Due to Primary Government
<br />-
<br />-
<br />-
<br />8,202
<br />Due to Component Unit
<br />215,494
<br />215,494
<br />Unearned Revenue
<br />568,062
<br />91,854
<br />659,916
<br />Accrued Interest Payable
<br />377,405
<br />291,404
<br />668,809
<br />Compensated Absence - Due Within Ye
<br />566,953
<br />228,214
<br />795,167
<br />Notes Payable - Due Within One Year
<br />-
<br />195,216
<br />195,216
<br />Bonds Payable - Due Within One Year
<br />10,675,000
<br />1,355,000
<br />12,030,000
<br />Noncurrent Liabilities:
<br />Other Postemployment Benefits
<br />426,720
<br />138,683
<br />565,403
<br />-
<br />Net Pension Liability
<br />18,541,369
<br />5,321,616
<br />23,862,985
<br />68,816
<br />Compensated Absences - Due in More Than One Year
<br />927,476
<br />246,918
<br />1,174,394
<br />-
<br />Notes Payable - Due in More Than One Year
<br />-
<br />1,018,860
<br />1,018,860
<br />Bonds Payable - Due in More Than One Year
<br />19,298,384
<br />22,966,331
<br />42,264,715
<br />Total Liabilities
<br />52,383,427
<br />37,554,553
<br />89,937,980
<br />100,783
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows - Pensions
<br />2,276,632
<br />622,998
<br />2,899,630
<br />9,539
<br />NET POSITION
<br />Net Investment in Capital Assets
<br />67,937,435
<br />82,230,963
<br />150,168,398
<br />383,945
<br />Restricted for:
<br />Debt Service
<br />10,582,630
<br />997,660
<br />11,580,290
<br />-
<br />Landfill Mitigation
<br />351,577
<br />-
<br />351,577
<br />Economic Development
<br />1,046,584
<br />1,046,584
<br />Law Enforcement
<br />9,856
<br />9,856
<br />-
<br />Housing and Redevelopment
<br />-
<br />-
<br />-
<br />1,968,102
<br />Unrestricted
<br />16,766,563
<br />21,466,617
<br />38,233,180
<br />Total Net Position
<br />$ 96,694,645
<br />$ 104,695,240
<br />$ 201,389,885
<br />$ 2,352,047
<br />See accompanying Notes to Basic Financial Statements.
<br />(21)
<br />
|