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CITY OF ELK RIVER
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31, 2016
<br /> Primary Government
<br /> Governmental Business-Type Component Unit
<br /> Activities Activities Total HRA
<br /> ASSETS
<br /> Cash and Investments $ 26,987,033 $ 26,260,342 $ 53,247,375 $ 1,289,705
<br /> Restricted Cash and Investments - 997,660 997,660 -
<br /> Cash and Investments Held by Trustee 9,284,303 - 9,284,303 -
<br /> Receivables:
<br /> Accrued Interest 112,174 42,635 154,809 16,482
<br /> Taxes 631,259 - 631,259 -
<br /> Special Assessments 955,579 - 955,579
<br /> Other Accounts Receivable 521,553 3,325,974 3,847,527 -
<br /> Notes Receivable,Net 2,186,175 - 2,186,175 531,802
<br /> Due from Other Governments 401,578 19,163 420,741 -
<br /> Due from Primary Government - - - 215,494
<br /> Due from Component Unit 8,202 - 8,202 -
<br /> Internal Balances (144,417) 144,417 -
<br /> Prepaid Items 129,140 225,420 354,560
<br /> Inventories - 2,023,346 2,023,346
<br /> Land Held for Resale 187,060 - 187,060
<br /> Pension Asset 480,918 - 480,918 -
<br /> Capital Assets:
<br /> Non-Depreciable:
<br /> Land 40,876,833 1,609,491 42,486,324 257,100
<br /> Intangible Assets - 9,804,951 9,804,951 -
<br /> Construction in Progress 437,501 3,714,934 4,152,435
<br /> Depreciable:
<br /> Buildings and Building Improvements 45,048,097 24,363,780 69,411,877 -
<br /> Improvements Other than Buildings 5,438,466 - 5,438,466 174,290
<br /> Infrastructure 66,110,684 - 66,110,684 -
<br /> Distribution/Collection Systems - 122,107,290 122,107,290
<br /> Equipment and Furniture 12,764,099 10,665,822 23,429,921 -
<br /> Total Capital Assets 170,675,680 172,266,268 342,941,948 431,390
<br /> Less: Accumulated Depreciation (72,764,861) (64,551,418) (137,316,279) (47,445)
<br /> Total Capital Assets,Net 97,910,819 107,714,850 205,625,669 383,945
<br /> Total Assets 139,651,376 140,753,807 280,405,183 2,437,428
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred Outflows-Pensions 11,481,277 2,067,464 13,548,741 24,941
<br /> Deferred Charge on Debt Refunding 222,051 51,520 273,571 -
<br /> 11,703,328 2,118,984 13,822,312 24,941
<br /> LIABILITIES
<br /> Accounts and Contracts Payable 585,070 5,374,407 5,959,477 22,469
<br /> Accrued Salaries Payable 196,892 140,076 336,968 1,296
<br /> Due to Governmental Activities 4,602 185,974 190,576 -
<br /> Due to Primary Government - - - 8,202
<br /> Due to Component Unit 215,494 - 215,494 -
<br /> Unearned Revenue 568,062 91,854 659,916
<br /> Accrued Interest Payable 377,405 291,404 668,809
<br /> Compensated Absence-Due Within One Year 566,953 228,214 795,167
<br /> Notes Payable-Due Within One Year - 195,216 195,216
<br /> Bonds Payable-Due Within One Year 10,675,000 1,355,000 12,030,000
<br /> Noncurrent Liabilities:
<br /> Other Postemployment Benefits 426,720 138,683 565,403 -
<br /> Net Pension Liability 18,541,368 5,321,616 23,862,984 68,816
<br /> Compensated Absences-Due in More Than One Year 927,476 246,918 1,174,394 -
<br /> Notes Payable-Due in More Than One Year - 1,018,860 1,018,860
<br /> Bonds Payable-Due in More Than One Year 19,298,384 22,966,331 42,264,715 -
<br /> Total Liabilities 52,383,426 37,554,553 89,937,979 100,783
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Deferred Inflows-Pensions 2,276,632 622,998 2,899,630 9,539
<br /> NET POSITION
<br /> Net Investment in Capital Assets 78,119,790 82,230,963 160,350,753 383,945
<br /> Restricted for:
<br /> Debt Service 10,582,630 997,660 11,580,290 -
<br /> Landfill Mitigation 351,577 - 351,577
<br /> Economic Development 1,046,584 1,046,584
<br /> Law Enforcement 9,856 9,856 -
<br /> Housing and Redevelopment - - - 1,968,102
<br /> Unrestricted 6,584,209 21,466,617 28,050,826 -
<br /> Total Net Position $ 96,694,646 $ 104,695,240 $ 201,389,886 $ 2,352,047
<br /> See accompanying Notes to Basic Financial Statements.
<br /> (21)
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