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The notes to the financial statements are an integral part of this statement.
<br />22
<br />Other Total
<br />General YMCA Pavement Governmental Governmental
<br />Fund Bonds Management Funds Funds
<br />ASSETS
<br />Cash and investments 7,226,873$ 521,874$ 2,764,788$ 16,833,083$ 27,346,618$
<br />Receivables:
<br /> Interest 35,414 - 12,560 76,333 124,307
<br /> Taxes 235,481 11,464 - 23,196 270,141
<br /> Accounts 31,905 - 140,812 418,220 590,937
<br /> Special assessments - - - 726,038 726,038
<br /> Notes, net - - - 2,006,425 2,006,425
<br />Due from other governments 57,352 - 231,916 108,202 397,470
<br />Due from other funds 170,394 - 287,045 1,560,967 2,018,406
<br />Due from component unit 8,755 - -- 8,755
<br />Prepaid items 88,038 - -- 88,038
<br />Property held for resale - - - 175,000 175,000
<br /> Total assets 7,854,212$ 533,338$ 3,437,121$ 21,927,464$ 33,752,135$
<br />LIABILITIES
<br />Accounts payable 218,179$ -$ 128,509$ 411,330$ 758,018$
<br />Salaries payable 220,134 - - 10,256 230,390
<br />Due to other governments 15,542 - - 1,918 17,460
<br />Due to other funds 2,195 - 2,964 1,826,119 1,831,278
<br />Due to component unit - - - 209,253 209,253
<br />Unearned revenue 16,000 - - 591,361 607,361
<br /> Total liabilities 472,050 - 131,473 3,050,237 3,653,760
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable revenue - taxes 84,652 4,103 - 8,929 97,684
<br />Unavailable revenue - special assessments - - - 720,687 720,687
<br />Unavailable revenue - other - - 167,091 - 167,091
<br /> Total deferred inflows of resources 84,652 4,103 167,091 729,616 985,462
<br />FUND BALANCES
<br />Nonspendable 88,038 - - - 88,038
<br />Restricted - 529,235 - 2,574,961 3,104,196
<br />Committed - -3,138,557 7,216,091 10,354,648
<br />Assigned 356,174 - - 10,984,072 11,340,246
<br />Unassigned 6,853,298 - - (2,627,513) 4,225,785
<br /> Total fund balances 7,297,510 529,235 3,138,557 18,147,611 29,112,913
<br /> Total liabilities, deferred inflows of
<br /> resources, and fund balances 7,854,212$ 533,338$ 3,437,121$ 21,927,464$ 33,752,135$
<br />CITY OF ELK RIVER, MINNESOTA
<br />GOVERNMENTAL FUNDS
<br />BALANCE SHEET
<br />DECEMBER 31, 2017
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