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See notes to basic financial statements. 46
<br />Municipal
<br />Liquor Sewer Garbage Storm Water
<br />Assets
<br />Current assets
<br />Cash and investments 3,526,983$ 8,853,336$ 802,786$ 1,921,645$
<br />Restricted cash - - - -
<br />Accounts receivable - 34,185 - -
<br />Interest receivable 20,392 52,868 4,641 11,163
<br />Due from other funds - 392,567 160,360 53,291
<br />Leases receivable - -- -
<br />Special assessments receivable - 420,834 2,393 291
<br />Inventory 1,609,734 - - -
<br />Prepaid items - - - -
<br />Total current assets 5,157,109 9,753,790 970,180 1,986,390
<br />Noncurrent assets
<br />Leases receivable - - - -
<br />Capital assets
<br />Land 753,961 302,581 - 9,900
<br />Construction in progress - 1,517,969 - -
<br />Buildings and building improvements 3,051,851 20,312,707 - -
<br />Improvements other
<br /> than buildings - 232,178 - -
<br />Collection and distribution - 29,354,608 - 20,449,218
<br />Intangible assets - -- -
<br />Equipment and furniture 167,743 7,524,358 - 27,821
<br />Leased equipment 20,873 27,135 - -
<br />Total capital assets 3,994,428 59,271,536 - 20,486,939
<br />Less accumulated depreciation/amortization (2,498,852) (27,484,683) - (10,839,472)
<br />Net capital assets 1,495,576 31,786,853 - 9,647,467
<br />Total noncurrent assets 1,495,576 31,786,853 - 9,647,467
<br />Total assets 6,652,685 41,540,643 970,180 11,633,857
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources
<br /> related to OPEB 5,361 4,691 - -
<br />Deferred outflows of resources
<br /> related to pensions 150,077 107,889 6,738 -
<br />Total deferred outflows
<br /> of resources 155,438 112,580 6,738 -
<br />Total assets and deferred
<br /> outflows of resources 6,808,123$ 41,653,223$ 976,918$ 11,633,857$
<br />Business-Type Activities - Enterprise Funds
<br />City of Elk River
<br />Statement of Net Position - Proprietary Funds
<br />December 31, 2023
<br />Page 167 of 464
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