|
13
<br />2017 2016 2017 2016 2017 2016
<br />Current and other assets $32,661,895 $41,740,557 $33,385,869 $33,038,957 $66,047,764 $74,779,514
<br />Capital assets 98,020,134 97,910,819 107,809,725 107,714,850 205,829,859 205,625,669
<br />Total assets 130,682,029 139,651,376 141,195,594 140,753,807 271,877,623 280,405,183
<br />Deferred outflows of resources 8,677,833 11,703,328 1,373,281 2,118,984 10,051,114 13,822,312
<br />Long-term liabilities 30,660,026 39,193,948 28,982,292 29,692,408 59,642,318 68,886,356
<br />Other liabilities 2,015,482 13,189,478 5,689,085 7,862,145 7,704,567 21,051,623
<br />Total liabilities 32,675,508 52,383,426 34,671,377 37,554,553 67,346,885 89,937,979
<br />Deferred inflows of resources 8,778,520 2,276,632 1,028,211 622,998 9,806,731 2,899,630
<br />Net Position:
<br />Net investment in capital assets 78,958,608 78,119,790 83,919,324 82,230,963 162,877,932 160,350,753
<br />Restricted 2,925,562 11,990,647 997,660 997,660 3,923,222 12,988,307
<br />Unrestricted 16,021,664 6,584,209 21,952,303 21,466,617 37,973,967 28,050,826
<br />Total net position $97,905,834 $96,694,646 $106,869,287 $104,695,240 $204,775,121 $201,389,886
<br />Activities Activities Total
<br />City of Elk River Net Position
<br />Governmental Business-type
<br />An additional portion of the City of Elk River’s net position (2 percent) represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position ($37,973,967) may be used to
<br />meet the City of Elk River’s 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
<br />position, both for the City as a whole, as well as for its separate governmental and business-type activities.
|