|
<br />See notes to basic financial statements. 37
<br />Primary Government
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />Housing and
<br />Redevelopment
<br />Authority
<br />Liabilities
<br />Accounts payable 2,297,022$ 4,659,711$ 6,956,733$ 27$
<br />Salaries and benefits payable 529,932 356,608 886,540 3,476
<br />Contracts and deposits payable 311,252 1,196,691 1,507,943 -
<br />Due to other governments 30,893 249,841 280,734 -
<br />Due to primary government - - - 8,469
<br />Due to component unit 161,823 - 161,823 -
<br />Unearned revenue 2,138,861 290,620 2,429,481 -
<br />Interest payable
<br />Payable within one year 343,457 409,714 753,171 -
<br />Compensated absences payable
<br />Payable within one year 917,398 610,843 1,528,241 -
<br />Payable after one year 1,075,480 62,879 1,138,359 -
<br />Total OPEB liability
<br />Payable within one year 73,127 8,125 81,252 -
<br />Payable after one year 661,416 83,693 745,109 -
<br />Lease liability
<br />Payable within one year 113,628 9,481 123,109 -
<br />Payable after one year 181,506 23,198 204,704 -
<br />Net bonds payable
<br />Payable within one year 2,405,000 1,535,000 3,940,000 -
<br />Payable after one year 55,225,442 36,009,515 91,234,957 -
<br />Net pension liability
<br />Payable after one year 10,324,546 4,200,463 14,525,009 53,256
<br />Total liabilities 76,790,783 49,706,382 126,497,165 65,228
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br /> related to OPEB 152,862 19,107 171,969 -
<br />Deferred inflows of resources
<br /> related to pensions 10,043,971 1,290,188 11,334,159 16,314
<br />Deferred inflows of resources
<br /> related to leases 150,894 4,784,677 4,935,571 -
<br />Total deferred inflows
<br /> of resources 10,347,727 6,093,972 16,441,699 16,314
<br />Net Position
<br />Net investment in capital assets 86,306,541 97,325,836 183,632,377 361,409
<br />Restricted for
<br />Fiscal recovery 147,725 - 147,725 -
<br />Public safety 1,152,060 - 1,152,060 -
<br />Parks and recreation improvements 1,773,916 - 1,773,916 -
<br />Capital projects 902,987 - 902,987 -
<br />Economic development 1,668,171 - 1,668,171 -
<br />Debt service 9,001,361 1,779,016 10,780,377 -
<br />Pensions 107,660 - 107,660 -
<br />Landfill mitigation 935,949 - 935,949 -
<br />Housing and redevelopment - - - 1,872,470
<br />Unrestricted 18,081,750 34,557,899 52,639,649 -
<br />Total net position 120,078,120 133,662,751 253,740,871 2,233,879
<br />Total liabilities, deferred
<br /> inflows of resources, and
<br /> net position 207,216,630$ 189,463,105$ 396,679,735$ 2,315,421$
<br />Component Unit
<br />City of Elk River
<br />Statement of Net Position
<br />December 31, 2023
<br />Page 158 of 464
|