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City of Elk River
<br />Balance Sheet - Governmental Funds
<br />December 31, 2021
<br />Capital Projects
<br />Public Safety
<br />Active ER
<br />Pavement
<br />Building / Fire
<br />General Fund
<br />Projects
<br />Management
<br />Station #3
<br />Assets
<br />Cash and investments
<br />$ 8,716,326
<br />$ 2,367,833
<br />$ 6,028,962
<br />$ 4,269,175
<br />Taxes receivable
<br />270,506
<br />121
<br />-
<br />-
<br />Accounts receivable
<br />26,695
<br />-
<br />142,751
<br />-
<br />Interest receivable
<br />39,744
<br />-
<br />26,917
<br />-
<br />Notes receivable
<br />-
<br />-
<br />-
<br />-
<br />Special assessments receivable
<br />-
<br />-
<br />-
<br />-
<br />Due from other funds
<br />294,652
<br />-
<br />270,693
<br />64,295
<br />Due from other governments
<br />80,961
<br />95,130
<br />307,515
<br />-
<br />Due from component unit
<br />4,002
<br />-
<br />-
<br />-
<br />Land held for resale
<br />-
<br />-
<br />-
<br />-
<br />Prepaid items
<br />160,019
<br />-
<br />-
<br />-
<br />Total assets
<br />$ 9,592,905
<br />$ 2,463,084
<br />$ 6,776,838
<br />$ 4,333,470
<br />Liabilities
<br />Accounts payable
<br />$ 300,058
<br />$ 172,456
<br />$ 99,719
<br />$ 490,980
<br />Salaries and benefits payable
<br />451,071
<br />-
<br />-
<br />-
<br />Contracts payable
<br />-
<br />676,267
<br />-
<br />281,210
<br />Due to other funds
<br />-
<br />-
<br />-
<br />-
<br />Due to other governments
<br />14,262
<br />-
<br />-
<br />-
<br />Due to component unit
<br />-
<br />-
<br />-
<br />-
<br />Unearned revenue
<br />-
<br />115
<br />-
<br />Total liabilities
<br />765,391
<br />848,838
<br />99,719
<br />772,190
<br />Deferred Inflows of Resources
<br />Unavailable revenue - property taxes
<br />76,885
<br />-
<br />-
<br />-
<br />Unavailable revenue - special assessments
<br />-
<br />-
<br />-
<br />-
<br />Unavailable revenue - other
<br />-
<br />-
<br />307,515
<br />-
<br />Total deferred inflows of resources
<br />76,885
<br />-
<br />307,515
<br />-
<br />Fund Balances
<br />Nonspendable
<br />160,019
<br />-
<br />-
<br />-
<br />Restricted
<br />-
<br />1,369,162
<br />-
<br />3,561,280
<br />Committed
<br />-
<br />99,711
<br />6,369,604
<br />-
<br />Assigned
<br />-
<br />145,373
<br />-
<br />-
<br />Unassigned
<br />8,590,610
<br />-
<br />-
<br />-
<br />Total fund balances
<br />8,750,629
<br />1,614,246
<br />6,369,604
<br />3,561,280
<br />Total liabilities, deferred inflows
<br />of resources, and fund balances
<br />$ 9,592,905 $ 2,463,084 $ 6,776,838 $ 4,333,470
<br />See notes to basic financial statements. 38
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