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<br />126
<br />Special
<br />Revenue
<br />Capital
<br />Projects Debt Service
<br />Total Nonmajor
<br />Governmental
<br />Funds
<br />Assets
<br />Cash and investments 7,056,355$ 15,758,253$ 9,916,650$ 32,731,258$
<br />Taxes receivable 17,899 31 1,093,793 1,111,723
<br />Accounts receivable 244,807 310,482 - 555,289
<br />Interest receivable 20,649 60,825 40,321 121,795
<br />Notes and loans receivable 975,359 270,113 - 1,245,472
<br />Leases receivable - 94,870 - 94,870
<br />Special assessment receivable
<br />Delinquent - 4,155 120 4,275
<br />Deferred - 1,895,229 - 1,895,229
<br />Due from other funds 807,690 102,355 - 910,045
<br />Due from other governments - 27,170 - 27,170
<br />Due from component unit 43 - - 43
<br />Advances to other funds - 180,000 - 180,000
<br />Prepaid items 113,953 764 - 114,717
<br />Total assets 9,236,755$ 18,704,247$ 11,050,884$ 38,991,886$
<br />Liabilities
<br />Accounts payable 121,599$ 1,516,731$ 1,760$ 1,640,090$
<br />Salaries and benefits payable 48,394 4,064 - 52,458
<br />Contracts and deposits payable - 32,230 - 32,230
<br />Due to other funds 265,593 1,108,340 440 1,374,373
<br />Due to other governments 22,076 - - 22,076
<br />Due to component unit - 152,710 - 152,710
<br />Advances from other funds 180,000 - - 180,000
<br />Unearned revenue - 830,138 - 830,138
<br />Total liabilities 637,662 3,644,213 2,200 4,284,075
<br />Deferred Inflows of Resources
<br />Unavailable revenue - property taxes 5,250 31 11,619 16,900
<br />Unavailable revenue - special assessments - 1,899,052 120 1,899,172
<br />Deferred inflow related to leases receivable - 94,870 - 94,870
<br />Total deferred inflows of resources 5,250 1,993,953 11,739 2,010,942
<br />Fund Balances
<br />Nonspendable 113,953 764 - 114,717
<br />Restricted 3,546,129 2,217,898 11,036,945 16,800,972
<br />Committed 4,552,946 99,367 - 4,652,313
<br />Assigned 631,923 12,311,917 - 12,943,840
<br />Unassigned (251,108) (1,563,865) - (1,814,973)
<br />Total fund balances 8,593,843 13,066,081 11,036,945 32,696,869
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 9,236,755$ 18,704,247$ 11,050,884$ 38,991,886$
<br />City of Elk River
<br />Nonmajor Governmental Funds
<br />Combining Balance Sheet
<br />December 31, 2024
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<br />Page 316 of 637
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