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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 Storm Water
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable
<br />$ 349,119
<br />$ 116,029
<br />$ 130,762 $ 30
<br />Salaries and benefits payable
<br />35,783
<br />22,323
<br />1,130 -
<br />Deposits payable
<br />-
<br />-
<br />-
<br />Interest payable
<br />-
<br />131,767
<br />-
<br />Unearned revenue
<br />4,726
<br />-
<br />- -
<br />Due to other funds
<br />-
<br />563
<br />2,853 935
<br />Due to other governments
<br />90,946
<br />-
<br />- -
<br />Notes from direct borrowings due within one year
<br />-
<br />-
<br />-
<br />Bonds payable due within one year
<br />-
<br />7,490,000
<br />-
<br />Current compensated absences
<br />46,444
<br />30,015
<br />- -
<br />Total current liabilities
<br />527,018
<br />7,790,697
<br />134,745 965
<br />Noncurrent liabilities
<br />Compensated absences
<br />34,684
<br />19,264
<br />-
<br />-
<br />Due to other funds
<br />-
<br />-
<br />-
<br />-
<br />Bonds payable
<br />-
<br />7,232,230
<br />-
<br />-
<br />Total OPEB liability
<br />55,266
<br />48,358
<br />-
<br />Net pension liability
<br />437,376
<br />282,868
<br />13,567
<br />-
<br />Total noncurrent liabilities
<br />527,326
<br />7,582,720
<br />13,567
<br />Total liabilities
<br />1,054,344
<br />15,373,417
<br />148,312
<br />965
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br />related to OPEB
<br />9,698
<br />8,487
<br />-
<br />-
<br />Deferred inflows of resources
<br />related to pensions
<br />402,078
<br />260,039
<br />12,472
<br />-
<br />Total deferred inflows
<br />of resources
<br />411,776
<br />268,526
<br />12,472
<br />-
<br />Net Position
<br />Net investment in capital assets
<br />1,451,334
<br />22,561,646
<br />-
<br />9,260,799
<br />Restricted for debt service
<br />-
<br />-
<br />-
<br />-
<br />Unrestricted
<br />51005,721
<br />7,726,366
<br />531,665
<br />1,488,809
<br />Total net position
<br />6,457,055
<br />30,288,012
<br />531,665
<br />10,749,608
<br />Total liabilities, deferred
<br />inflows of resources, and
<br />net position
<br />$ 7,923,175
<br />$ 45,929,955 $
<br />692,449
<br />$ 10,750,573
<br />See notes to basic financial statements. 48
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