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IV-16
<br />CITY OF ELK RIVER
<br />STATEMENT OF NET POSITION -PROPRIETARY FUNDS
<br />DECEMBER 31, 2019
<br />Municipal Water Total
<br />ASSETS AND DEFERRED OUTFLOWS
<br />Liguor -G!!!!!!i!!! Stonn Water Electric
<br />OF RESOURCES
<br />CURRENT ASSETS $ 7,692,385 $ 33,543,264
<br />cash and cash Equivalent& $ 4,649,254 $ 5,245,861 $ 343,379 $ 730,483 $ 14,861,922 1,281,359
<br />Cash and Investments Held by Trustae 1,261,359
<br />Receivables: 149,002 2,835,347
<br />Accounts Receivable (Net) 291,865 3,286 432 2,390,982 1,723 80,000
<br />Accrued Interest 21,780 24,575 1,609 3,422 6,891 128,850 885,808
<br />Due from Other Funds 352,205 138,531 43,013 3,007 9,644 2,213,916
<br />Inventory 1,222,310 981,962 22,411 177,243 Prepaid Items 154,832 8,004,015 40,758,735 TotalCum,ntAsaets 5,893,344 5,914,308 486,785 777,330 19,680,955
<br />NONCURRENT ASSETS
<br />Capital-: 494,009 2,855,885 Nondepraciable 753,961 411,095 1,196,620
<br />Depreciable 3,050,064 52,868,180 18,187,m 82,024,495 37,486,108 193,618,644
<br />Total 3,804,045 53,279,275 18,181,m 83,221,115 37,982,117 196,474,329
<br />Lesa: Accumulated Depreciation !2,230,214! (20,857,239! !9,022,929! !30,444,533! (18,761,109) !81,316,024!
<br />NetCapitalAsaets 1,573,831 32,422,036 9,164,648 52,776,582 19,221,008 115,158,305
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Pension Related · 50,587 35,417 1,739 6,052 244,248 40,949 378,990
<br />OPEB Related 2,924 2,506 418 5,648
<br />Deferred Charge on Debt Refunding 21,164 5,291 26,455
<br />Total Deferred Outflows of Resources 53,s11 37,923 l,7!§ Mil! ~!.4115 48,240 ~n1.,n!
<br />Total Assets and Defam,d
<br />Outflows of Resources $ 7,520,686 $ 38,374,265 $ 486,524 $ 9,948,648 $ 72,722,947 $ 27,271,263 $ 158,326,333
<br />UABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND NET POSITION
<br />CURRENT UABILITIES
<br />Accounts and Contracts Payable $ 387,943 60,586 $ 116,590 $ 543 $ 3,205,838 $ 129,059 $ 3,900,539
<br />Accrued Salarloo Payable 22,096 14,330 686 2,370 138,648 21,733 199,863
<br />Due to Other Governments 80,920 159,286 2,358 242,564
<br />Due to Other Funds 538 1,583 906 682,318 35,955 901,280
<br />Unearned Revenue 3,421 3,000 100,952 107,373
<br />Accrued Interest Payable 101,502 282,496 13,063 397,081
<br />Customer Deposits Payable 684,299 151,225 1,035,524 Compensated Absences Payable 28,149 20,601 2,527 358,161 36,587 448,005 Notes Payable 203,852 203,952 Bonds Payable 430,000 924,000
<br />Total Current Liabilities 522,529 627,537 118,839 6,346 7,021,998 271,000 1,625,000
<br />761,912 9,059,161
<br />NONeURRENT LIABILITIES
<br />Compensated Absences Payable 23,691 16,976 4,693
<br />45,360 Olher Poatemploymont Banefits 47,117 40,366 6,731 174,950
<br />Net Pension Liability 507,623 355,395 17,450 60,730 2,458,809 42,822 312,006
<br />Notes Payable 415,740 418,155 3,816,162
<br />Bonda Payable 7,930,000 20,080,411 415,740
<br />Total Noncurrent Liabilities 578,431 8,342,757 17,450 72,154 23,127,910 602,625 28,613,036
<br />Total Liabilities 1,100,960 8,970,294 136,289 78,500 30,149,908
<br />1,063,602 33,202,304
<br />DEFERRED INFLOWS OF RESOURCES 1,625,514 42,261,485
<br />Pension Related 107,514 75,273 3,696 12,863 520,934
<br />OPEB Related 5,580 4,783 797 88,042 808,322
<br />113,094 80,058 3,696 13,660 520,934 11,160
<br />NET POSITION 88,042 819,482
<br />Net Investment in Capital Aaaats 1,573,831 24,062,036 9,164,648 31,173,643
<br />Reatricted 1,261,359 18,352,674 84,327,032
<br />Unresbicted 4,732,801 5,261,879 346,539 691,640 9,617,103 1,261,359
<br />Total Net Position 6,308,632 29,323,915 348,539 9,858,486 42,052,105 7,005,033 27,656,995
<br />Total Liabilities, Deferred Inflows of 25,357,707 113,245,366
<br />Reaources, and Net Position $ 7,520,666 36,374,265 $ 486,524 9,948,648 $ 72,722,947
<br />$ 27,271,263 $ 156,326,333
<br />See accompanying Notes to Basic Financial Statements.
<br />164
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