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<br />See notes to basic financial statements. 48
<br />Municipal
<br />Liquor Sewer Garbage Storm Water
<br />Liabilities
<br />Current liabilities
<br />Accounts payable 369,896$ 101,528$ 128,109$ 28,876$
<br />Salaries and benefits payable 40,947 26,407 1,599 -
<br />Contracts and deposits payable - - - -
<br />Interest payable 13 35,365 - -
<br />Unearned revenue 5,655 - - -
<br />Due to other funds - 580 2,006 856
<br />Due to other governments 86,645 10 - -
<br />Current compensated absences 43,297 45,434 - -
<br />Current total OPEB liability 4,333 3,792 - -
<br />Lease liability due within one year 4,122 5,359 - -
<br />Bonds payable due within one year - 520,000 - -
<br />Total current liabilities 554,908 738,475 131,714 29,732
<br />Noncurrent liabilities
<br />Compensated absences 37,036 25,843 - -
<br />Total OPEB liability 44,637 39,056 - -
<br />Lease liability 10,086 13,112 - -
<br />Bonds payable - 6,187,308 - -
<br />Net pension liability 555,358 399,244 24,934 -
<br />Total noncurrent liabilities 647,117 6,664,563 24,934 -
<br />Total liabilities 1,202,025 7,403,038 156,648 29,732
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br /> related to OPEB 10,190 8,917 - -
<br />Deferred inflows of resources
<br /> related to pensions 170,127 122,303 7,638 -
<br />Deferred inflows of resources
<br /> related to leases - - - -
<br />Total deferred inflows
<br /> of resources 180,317 131,220 7,638 -
<br />Net Position
<br />Net investment in capital assets 1,495,576 25,079,545 - 9,647,467
<br />Restricted for debt service - - - -
<br />Unrestricted 3,930,205 9,039,420 812,632 1,956,658
<br />Total net position 5,425,781 34,118,965 812,632 11,604,125
<br />Total liabilities, deferred
<br /> inflows of resources, and
<br /> net position 6,808,123$ 41,653,223$ 976,918$ 11,633,857$
<br />Business-Type Activities - Enterprise Funds
<br />December 31, 2023
<br />City of Elk River
<br />Statement of Net Position - Proprietary Funds
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<br />Page 169 of 464
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