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City of Elk River
<br />Nonmajor Capital Projects Funds
<br />Combining Balance Sheet
<br />December 31, 2022
<br />Total
<br />Nonmajor
<br />Capital
<br />TIF Districts
<br />Projects Funds
<br />Assets
<br />Cash and investments
<br />$ 18,645
<br />$ 15,113,275
<br />Taxes receivable
<br />-
<br />23
<br />Accounts receivable
<br />-
<br />640,934
<br />Interest receivable
<br />-
<br />62,974
<br />Notes receivable
<br />-
<br />304,019
<br />Special assessment receivable
<br />Delinquent
<br />-
<br />19,678
<br />Deferred
<br />-
<br />1,257,654
<br />Due from other funds
<br />-
<br />127,568
<br />Due from other governments
<br />-
<br />378,827
<br />Prepaid items
<br />-
<br />1,098
<br />Total assets
<br />$ 18,645
<br />$ 17,906,050
<br />Liabilities
<br />Accounts payable
<br />$ -
<br />$ 1,180,887
<br />Contracts payable
<br />-
<br />17,654
<br />Due to other funds
<br />1,298,445
<br />1,298,445
<br />Due to component unit
<br />170,632
<br />170,632
<br />Unearned revenue
<br />-
<br />716,432
<br />Total liabilities
<br />1,469,077
<br />3,384,050
<br />Deferred Inflows of Resources
<br />Unavailable revenue - property taxes - 319
<br />Unavailable revenue - special assessments - 1,273,159
<br />Total deferred inflows of resources - 1,273,478
<br />Fund Balances
<br />Nonspendable
<br />- 1,098
<br />Restricted
<br />- 3,096,521
<br />Committed
<br />- 99,328
<br />Assigned
<br />- 11,503,105
<br />Unassigned
<br />(1,450,432) (1,451,530)
<br />Total fund balances
<br />(1,450,432) 13,248,522
<br />Total liabilities, deferred inflows
<br />of resources, and fund balances
<br />$ 18,645 $ 17,906,050
<br />131
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