|
See notes to basic financial statements. 37
<br />Primary Government
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />Housing and
<br />Redevelopment
<br />Authority
<br />Liabilities
<br />Accounts payable 2,051,329$ 4,684,620$ 6,735,949$ -$
<br />Salaries and benefits payable 704,872 454,337 1,159,209 4,426
<br />Contracts and deposits payable 32,230 1,253,746 1,285,976 -
<br />Due to other governments 42,893 282,445 325,338 -
<br />Due to primary government - - - 27,012
<br />Due to component unit 152,710 - 152,710 -
<br />Unearned revenue 830,138 161,560 991,698 -
<br />Interest payable
<br />Payable within one year 237,590 390,745 628,335 -
<br />Compensated absences payable
<br />Payable within one year 850,922 1,064,132 1,915,054 -
<br />Payable after one year 1,269,080 88,397 1,357,477 -
<br />Total OPEB liability
<br />Payable within one year 90,530 10,059 100,589 -
<br />Payable after one year 684,716 86,847 771,563 -
<br />Lease liability
<br />Payable within one year 106,759 8,543 115,302 -
<br />Payable after one year 124,699 36,293 160,992 -
<br />Net bonds payable
<br />Payable within one year 2,530,000 1,585,000 4,115,000 -
<br />Payable after one year 52,443,509 34,355,542 86,799,051 -
<br />Net pension liability
<br />Payable after one year 7,324,320 2,680,516 10,004,836 36,554
<br />Total liabilities 69,476,297 47,142,782 116,619,079 67,992
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br /> related to OPEB 113,330 14,166 127,496 -
<br />Deferred inflows of resources
<br /> related to pensions 10,126,024 1,877,254 12,003,278 24,912
<br />Deferred inflows of resources
<br /> related to leases 94,870 4,457,246 4,552,116 -
<br />Total deferred inflows
<br /> of resources 10,334,224 6,348,666 16,682,890 24,912
<br />Net Position
<br />Net investment in capital assets 86,319,232 101,791,407 188,110,639 349,790
<br />Restricted for
<br />Fiscal recovery 214,490 - 214,490 -
<br />Public safety 3,871 - 3,871 -
<br />Parks and recreation improvements 1,272,089 - 1,272,089 -
<br />Capital projects 945,809 - 945,809 -
<br />Economic development 2,349,561 - 2,349,561 -
<br />Debt service 10,807,241 1,779,016 12,586,257 -
<br />Pensions 340,068 - 340,068 -
<br />Landfill mitigation 978,207 - 978,207 -
<br />Housing and redevelopment - - - 2,126,282
<br />Unrestricted 24,687,084 33,704,904 58,391,988 -
<br />Total net position 127,917,652 137,275,327 265,192,979 2,476,072
<br />Total liabilities, deferred
<br /> inflows of resources, and
<br /> net position 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 227 of 637
|