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City of Elk River
<br />Statement of Net Position - Proprietary Funds
<br />December 31, 2021
<br />Municipal
<br />Liquor
<br />Sewer
<br />Garbage
<br />Storm Water
<br />Assets
<br />Current assets
<br />Cash and investments
<br />$ 4,713,463
<br />$ 7,458,628
<br />$ 528,325
<br />$ 1,433,529
<br />Cash and investments held by trustee
<br />-
<br />7,081,831
<br />-
<br />-
<br />Restricted cash
<br />-
<br />-
<br />-
<br />-
<br />Accounts receivable
<br />-
<br />17,250
<br />-
<br />-
<br />Interest receivable
<br />21,044
<br />33,300
<br />2,359
<br />6,400
<br />Due from other funds
<br />-
<br />365,382
<br />148,828
<br />49,384
<br />Special assessments receivable
<br />-
<br />556,127
<br />2,865
<br />461
<br />Inventory
<br />1,406,464
<br />-
<br />-
<br />-
<br />Prepaid items
<br />-
<br />-
<br />-
<br />-
<br />Total current assets
<br />6,140,971
<br />15,512,518
<br />682,377
<br />1,489,774
<br />Noncurrent assets
<br />Capital assets
<br />Land
<br />753,961
<br />302,581
<br />-
<br />9,900
<br />Construction in progress
<br />-
<br />-
<br />-
<br />-
<br />Buildings and building improvements
<br />2,912,901
<br />20,312,707
<br />-
<br />-
<br />Improvements other
<br />than buildings
<br />-
<br />232,178
<br />-
<br />-
<br />Collection and distribution
<br />-
<br />26,239,609
<br />-
<br />19,089,255
<br />Intangible assets
<br />-
<br />-
<br />-
<br />-
<br />Equipment and furniture
<br />190,103
<br />7,248,716
<br />-
<br />27,821
<br />Total capital assets
<br />3,856,965
<br />54,335,791
<br />-
<br />19,126,976
<br />Less accumulated depreciation
<br />(2,405,631)
<br />(24,133,746)
<br />-
<br />(9,866,177)
<br />Net capital assets
<br />1,451,334
<br />30,202,045
<br />-
<br />9,260,799
<br />Total assets
<br />7,592,305
<br />45,714,563
<br />682,377
<br />10,750,573
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources
<br />related to OPEB
<br />6,162
<br />5,391
<br />-
<br />-
<br />Deferred outflows of resources
<br />related to pensions
<br />324,708
<br />210,001
<br />10,072
<br />-
<br />Total deferred outflows
<br />of resources
<br />330,870
<br />215,392
<br />10,072
<br />-
<br />Total assets and deferred
<br />outflows of resources
<br />$ 7,923,175
<br />$ 45,929,955
<br />$ 692,449
<br />$ 10,750,573
<br />See notes to basic financial statements. 46
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