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The notes to the financial statements are an integral part of this statement.
<br />27
<br />Municipal Storm
<br />Liquor Garbage Sewer Water
<br />ASSETS
<br />Current assets:
<br /> Cash and investments 3,754,059$ 245,076$ 3,778,728$ 430,083$
<br /> Restricted cash and investments - - - -
<br /> Receivables (net):
<br /> Interest 18,416 986 18,535 2,856
<br /> Accounts - 5,295 322,893 757
<br /> Due from other funds - 112,864 345,136 38,486
<br /> Inventories 1,133,505 - - -
<br /> Prepaid items - - - -
<br /> Total current assets 4,905,980 364,221 4,465,292 472,182
<br />Noncurrent assets:
<br /> Capital assets:
<br /> Nondepreciable 753,961 - 411,095 -
<br /> Depreciable 3,040,025 - 52,724,512 18,187,777
<br /> Accumulated depreciation (2,016,566) - (17,633,985) (8,107,974)
<br /> Total noncurrent assets 1,777,420 - 35,501,622 10,079,803
<br /> Total assets 6,683,400 364,221 39,966,914 10,551,985
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred outflows - pensions 144,463 4,112 112,901 16,928
<br />Deferred charge on refunding - - - -
<br /> Total deferred outflows of resources 144,463 4,112 112,901 16,928
<br />LIABILITIES
<br />Accounts and contracts payable 346,652 115,914 368,633 53
<br />Salaries payable 10,952 393 9,881 1,409
<br />Due to other governments 68,152 - - -
<br />Due to other funds - 4,823 517 876
<br />Unearned revenue 2,179 - - -
<br />Accrued interest - - 108,460 -
<br />Customer deposits payable - - - -
<br />Compensated absences payable - current 19,587 - 11,597 1,408
<br />Notes payable - current - - - -
<br />Bonds payable - current - - 415,000 -
<br /> Total current liabilities 447,522 121,130 914,088 3,746
<br />Noncurrent liabilities:
<br /> Compensated absences payable 45,587 - 10,746 2,702
<br /> Net other postemployment benefits obligation 36,822 - 38,383 2,419
<br /> Net pension liability 529,569 15,072 413,870 55,056
<br /> Notes payable - - - -
<br /> Bonds payable - - 8,780,000 -
<br /> Total noncurrent liabilities 611,978 15,072 9,242,999 60,177
<br /> Total liabilities 1,059,500 136,202 10,157,087 63,923
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred inflows - pensions 130,373 3,710 101,890 15,277
<br />NET POSITION
<br />Net investment in capital assets 1,777,420 - 26,306,622 10,079,803
<br />Restricted for debt service - - - -
<br />Unrestricted 3,860,570 228,421 3,514,216 409,910
<br /> Total net position 5,637,990$ 228,421$ 29,820,838$ 10,489,713$
<br />CITY OF ELK RIVER, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2017
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