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City of Elk River
<br />Statement of Net Position - Proprietary Funds
<br />December 31, 2022
<br />Municipal
<br />Liquor
<br />Sewer
<br />Garbage
<br />Storm Water
<br />Liabilities
<br />Current liabilities
<br />Accounts and contracts payable
<br />$ 310,326
<br />$ 137,285
<br />$ 127,123
<br />$ 19,821
<br />Salaries and benefits payable
<br />39,345
<br />24,339
<br />1,533
<br />-
<br />Deposits payable
<br />-
<br />-
<br />-
<br />Interest payable
<br />17
<br />37,536
<br />-
<br />Unearned revenue
<br />5,532
<br />-
<br />-
<br />-
<br />Due to other funds
<br />-
<br />1,150
<br />2,481
<br />1,899
<br />Due to other governments
<br />94,678
<br />-
<br />-
<br />-
<br />Current compensated absences
<br />55,250
<br />39,817
<br />-
<br />-
<br />Lease liability due within one year
<br />4,007
<br />5,209
<br />-
<br />-
<br />Bonds payable due within one year
<br />-
<br />520,000
<br />-
<br />-
<br />Total current liabilities
<br />509,155
<br />765,336
<br />131,137
<br />21,720
<br />Noncurrent liabilities
<br />Compensated absences
<br />42,419
<br />20,868
<br />-
<br />-
<br />Total OPEB liability
<br />57,291
<br />50,130
<br />-
<br />-
<br />Lease liability
<br />14,208
<br />18,471
<br />-
<br />-
<br />Bonds payable
<br />-
<br />6,709,769
<br />-
<br />-
<br />Net pension liability
<br />790,469
<br />565,581
<br />33,686
<br />-
<br />Total noncurrent liabilities
<br />904,387
<br />7,364,819
<br />33,686
<br />Total liabilities
<br />1,413,542
<br />8,130,155
<br />164,823
<br />21,720
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br />related to OPEB
<br />7,733
<br />6,767
<br />-
<br />-
<br />Deferred inflows of resources
<br />related to pensions
<br />11,091
<br />7,935
<br />473
<br />-
<br />Deferred inflows of resources
<br />related to leases
<br />-
<br />-
<br />-
<br />-
<br />Total deferred inflows
<br />of resources
<br />18,824
<br />14,702
<br />473
<br />-
<br />Net Position
<br />Net investment in capital assets
<br />1,379,506
<br />24,182,494
<br />-
<br />9,654,736
<br />Restricted for debt service
<br />-
<br />-
<br />-
<br />-
<br />Unrestricted
<br />4,334,085
<br />8,305,312
<br />620,506
<br />1,586,357
<br />Total net position
<br />5,713,591
<br />32,487,806
<br />620,506
<br />11,241,093
<br />Southwest Transit - Final
<br />inflows of resources, and
<br />net position
<br />$ 7,145,957
<br />$ 40,632,663 $
<br />785,802
<br />$ 11,262,813
<br />See Accompanying Notes to Basic Financial Statements. 46
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