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CITY OF ELK RIVER, MINNESOTA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2020
<br />ASSETS
<br />Cash and Investments
<br />Receivables:
<br />Accrued Interest
<br />Taxes
<br />Special Assessments
<br />Other Accounts Receivable
<br />Notes Receivable, Net
<br />Due from Other Governments
<br />Due from Other Funds
<br />Due from Component Unit
<br />Prepaids
<br />Land Held for Resale
<br />Total Assets
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE
<br />General Active ER Pavement
<br />Fund Projects Management
<br />-
<br />$ 8,015,854 $ 6,257,282 $ 5,316,857
<br />Other
<br />Governmental
<br />Funds Totals
<br />$ 37,988,349 $ 57,578,342
<br />37,281
<br />- 21,748
<br />78,043
<br />137,072
<br />289,451
<br />2,196 -
<br />608,037
<br />899,684
<br />-
<br />- -
<br />1,631,458
<br />1,631,458
<br />21,962
<br />141,377
<br />421,445
<br />584,784
<br />-
<br />-
<br />1,626,577
<br />1,626,577
<br />66,992
<br />3,689,229
<br />44,642
<br />3,800,863
<br />263,652
<br />270,342
<br />1,598,564
<br />2,132,558
<br />9,686
<br />-
<br />-
<br />9,686
<br />282,860
<br />16
<br />282,876
<br />-
<br />- -
<br />175,000
<br />175,000
<br />$ 8,987,738 $
<br />6,259,478 $ 9,439,553
<br />$ 44,172,131 $
<br />68,858,900
<br />LIABILITIES
<br />Accounts and Contracts Payable
<br />$ 254,330 $
<br />173,130 $
<br />37,442
<br />$ 1,283,131
<br />$ 1,748,033
<br />Accrued Salaries Payable
<br />380,052
<br />-
<br />-
<br />17,359
<br />397,411
<br />Due to Other Governments
<br />20,257
<br />161
<br />20,418
<br />Due to Other Funds
<br />8,464
<br />1,914,702
<br />1,923,166
<br />Due to Component Unit
<br />-
<br />187,499
<br />187,499
<br />Unearned Revenue
<br />1,300
<br />-
<br />674,085
<br />675,385
<br />Total Liabilities
<br />664,403
<br />173,130
<br />37,442
<br />4,076,937
<br />4,951,912
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue - Taxes
<br />72,607
<br />449
<br />-
<br />10,905
<br />83,961
<br />Unavailable Revenue - Special Assessments
<br />-
<br />-
<br />-
<br />1,629,453
<br />1,629,453
<br />Unavailable Revenue - Other
<br />-
<br />3,689,229
<br />3,689,229
<br />Total Deferred Inflows of Resources
<br />72,607
<br />449
<br />3,689,229
<br />1,640,358
<br />5,402,643
<br />FUND BALANCE
<br />Nonspendable
<br />282,860
<br />-
<br />-
<br />16
<br />282,876
<br />Restricted
<br />-
<br />5,841,159
<br />-
<br />20,409,323
<br />26,250,482
<br />Committed
<br />99,367
<br />5,712,882
<br />5,893,257
<br />11,705,506
<br />Assigned
<br />-
<br />145,373
<br />-
<br />14,805,046
<br />14,950,419
<br />Unassigned
<br />7,967,868
<br />(2,652,806)
<br />5,315,062
<br />Total Fund Balance
<br />8,250,728
<br />6,085,899
<br />5,712,882
<br />38,454,836
<br />58,504,345
<br />Total Liabilities, Deferred Inflows of
<br />Resources, and Fund Balance
<br />$ 8,987,738 $
<br />6,259,478 $
<br />9,439,553
<br />$ 44,172,131
<br />$ 68,858,900
<br />See accompanying Notes to Basic Financial Statements.
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