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<br />See notes to basic financial statements. 40
<br />General Fund
<br />Pavement
<br />Management
<br />Nonmajor
<br />Governmental
<br />Funds
<br />Total
<br />Governmental
<br />Funds
<br />Assets
<br />Cash and investments 9,243,274$ 3,342,219$ 31,939,206$ 44,524,699$
<br />Taxes receivable 363,035 - 705,280 1,068,315
<br />Accounts receivable 15,666 147,740 550,439 713,845
<br />Interest receivable 49,729 19,324 136,672 205,725
<br />Notes and loans receivable - - 1,230,006 1,230,006
<br />Leases receivable - - 150,894 150,894
<br />Special assessments receivable
<br />Delinquent - - 17,762 17,762
<br />Deferred - 8,568 1,116,787 1,125,355
<br />Due from other funds 388,063 262,257 988,218 1,638,538
<br />Due from other governments 65,571 2,565,750 26,380 2,657,701
<br />Due from component unit 8,469 - - 8,469
<br />Advances to other funds - - 200,000 200,000
<br />Land held for resale - - 175,000 175,000
<br />Prepaid items 82,513 - 131,738 214,251
<br />Total assets 10,216,320$ 6,345,858$ 37,368,382$ 53,930,560$
<br />Liabilities
<br />Accounts payable 286,556$ 289,702$ 1,720,764$ 2,297,022$
<br />Salaries and benefits payable 486,480 - 43,452 529,932
<br />Contracts and deposits payable - 208,411 102,841 311,252
<br />Due to other funds - - 1,499,598 1,499,598
<br />Due to other governments 15,976 - 14,917 30,893
<br />Due to component unit - - 161,823 161,823
<br />Advances from other funds - - 200,000 200,000
<br />Unearned revenue - 2,138,861 2,138,861
<br />Total liabilities 789,012 498,113 5,882,256 7,169,381
<br />Deferred Inflows of Resources
<br />Unavailable revenue - property taxes 103,990 - 15,086 119,076
<br />Unavailable revenue - special assessments - 8,568 1,131,646 1,140,214
<br />Unavailable revenue - other - 2,565,750 - 2,565,750
<br />Deferred inflow related to leases receivable - - 150,894 150,894
<br />Total deferred inflows of resources 103,990 2,574,318 1,297,626 3,975,934
<br />Fund Balances
<br />Nonspendable 82,513 - 131,738 214,251
<br />Restricted - - 15,918,585 15,918,585
<br />Committed - 3,273,427 4,017,934 7,291,361
<br />Assigned - - 11,764,159 11,764,159
<br />Unassigned 9,240,805 - (1,643,916) 7,596,889
<br />Total fund balances 9,323,318 3,273,427 30,188,500 42,785,245
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 10,216,320$ 6,345,858$ 37,368,382$ 53,930,560$
<br />City of Elk River
<br />Balance Sheet - Governmental Funds
<br />December 31, 2023
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<br />Page 161 of 464
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