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<br />See notes to basic financial statements. 36
<br />Primary Government
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />Housing and
<br />Redevelopment
<br />Authority
<br />Assets
<br />Cash and investments 46,997,770$ 39,920,052$ 86,917,822$ 1,446,277$
<br />Restricted cash - 1,779,016 1,779,016 -
<br />Taxes receivable 1,529,019 - 1,529,019 12,251
<br />Accounts receivable 734,248 2,461,541 3,195,789 7,921
<br />Interest receivable 187,112 123,028 310,140 -
<br />Notes and loans receivable 1,245,472 - 1,245,472 592,670
<br />Leases receivable 94,870 4,733,420 4,828,290 -
<br />Special assessments receivable 1,906,626 556,493 2,463,119 -
<br />Due from other governments 4,118,607 - 4,118,607 -
<br />Due from primary government - - - 152,710
<br />Due from component unit 27,012 - 27,012 -
<br />Internal balances 634,079 (634,079) - -
<br />Inventory - 3,216,661 3,216,661 -
<br />Prepaid items 206,913 308,553 515,466 -
<br />Pension asset 340,068 - 340,068 -
<br />Capital assets not
<br /> being depreciated
<br />Land 38,948,651 1,965,026 40,913,677 315,900
<br />Construction in progress 299,347 325,998 625,345 -
<br />Capital assets being depreciated/amortized
<br />Buildings and building improvements 81,848,863 42,290,134 124,138,997 -
<br />Improvements other
<br /> than buildings 16,320,007 266,259 16,586,266 174,290
<br />Infrastructure 83,807,649 - 83,807,649 -
<br />Collection and distribution systems - 158,398,256 158,398,256 -
<br />Intangible assets - 28,715,624 28,715,624 -
<br />Equipment and furniture 21,567,522 13,690,069 35,257,591 -
<br />Equipment lease asset 478,823 46,388 525,211 -
<br />Less accumulated depreciation/amortization (101,746,663) (107,920,969) (209,667,632) (140,400)
<br />Total assets 199,545,995 190,241,470 389,787,465 2,561,619
<br />Deferred Outflows of Resources
<br />Deferred outflows of resources
<br /> related to OPEB 97,807 12,227 110,034 -
<br />Deferred outflows of resources
<br /> related to pensions 8,084,371 513,078 8,597,449 7,357
<br />Total deferred outflows
<br /> of resources 8,182,178 525,305 8,707,483 7,357
<br />Total assets and deferred
<br /> outflows of resources 207,728,173$ 190,766,775$ 398,494,948$ 2,568,976$
<br />Component
<br />City of Elk River
<br />Statement of Net Position
<br />December 31, 2024
<br />Page 226 of 637
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