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The notes to the financial statements are an integral part of this statement.
<br />20
<br />Governmental Business-type Component
<br />Activities Activities Total Unit - HRA
<br />ASSETS
<br />Cash and investments 27,346,618$ 26,349,048$ 53,695,666$ 1,227,668$
<br />Restricted cash and investments - 997,660 997,660 -
<br />Receivables:
<br /> Interest 124,307 49,128 173,435 -
<br /> Taxes 270,141 - 270,141 6,798
<br /> Accounts 590,937 3,853,028 4,443,965 1,758
<br /> Special assessments 726,038 - 726,038 -
<br /> Notes, net 2,006,425 - 2,006,425 629,765
<br />Due from other governments 397,470 - 397,470 -
<br />Due from primary government - - - 200,498
<br />Internal balances 187,128 (187,128) - -
<br />Inventories - 2,099,475 2,099,475 -
<br />Prepaid items 88,038 224,658 312,696 -
<br />Property held for resale 175,000 - 175,000 42,400
<br />Pension asset 749,793 - 749,793 -
<br />Capital assets:
<br /> Nondepreciable 41,008,048 12,956,526 53,964,574 257,100
<br /> Depreciable (net)57,012,086 94,853,199 151,865,285 115,225
<br /> Total assets 130,682,029 141,195,594 271,877,623 2,481,212
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows - pensions 8,492,047 1,330,116 9,822,163 16,528
<br />Deferred charge on refunding 185,786 43,165 228,951 -
<br /> Total deferred outflows of resources 8,677,833 1,373,281 10,051,114 16,528
<br />LIABILITIES
<br />Accounts payable 758,018 3,976,978 4,734,996 14,061
<br />Salaries payable 230,390 138,769 369,159 1,383
<br />Due to other governments 17,460 233,183 250,643 -
<br />Due to component unit 200,498 - 200,498 -
<br />Accrued interest payable 201,755 266,564 468,319 -
<br />Customer deposits payable - 978,076 978,076 -
<br />Unearned revenue 607,361 95,515 702,876 -
<br />Non-current liabilities:
<br /> Net other postemployment benefits obligation 468,119 156,161 624,280 -
<br /> Net pension liability 9,389,558 4,460,891 13,850,449 60,586
<br /> Other due within one year 2,161,661 1,797,383 3,959,044 -
<br /> Other due in more than one year 18,640,688 22,567,857 41,208,545 -
<br /> Total liabilities 32,675,508 34,671,377 67,346,885 76,030
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - pensions 8,778,520 1,028,211 9,806,731 14,916
<br />NET POSITION
<br />Net investment in capital assets 78,958,608 83,919,324 162,877,932 372,325
<br />Restricted for:
<br /> Debt service 1,427,230 997,660 2,424,890 -
<br /> Landfill mitigation 215,010 - 215,010 -
<br /> Economic development 1,150,274 - 1,150,274 -
<br /> Law enforcement 12,454 - 12,454 -
<br /> Park improvements 120,594 - 120,594 -
<br /> Housing and redevelopment - - - 2,034,469
<br />Unrestricted 16,021,664 21,952,303 37,973,967 -
<br /> Total net position 97,905,834$ 106,869,287$ 204,775,121$ 2,406,794$
<br />Primary Government
<br />CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2017
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