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CITY OF ELK RIVER,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2017
<br /> Primary Government
<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 /> ']axes 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 /> Dde 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 /> L BILITIES
<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 /> D to component unit 200,498 - 200,498 -
<br /> Ac rued interest payable 201,755 266,564 468,319 -
<br /> Cu tomer deposits payable - 978,076 978,076 -
<br /> U arned revenue 607,361 95,515 702,876 -
<br /> N -current liabilities:
<br /> et 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 /> Ne-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 /> Ebonomic 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 /> The noes to the financial statements are an integral part of this statement.
<br /> III-8
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