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<br />See notes to basic financial statements. 40
<br />General Fund
<br />Pavement
<br />Management
<br />Nonmajor
<br />Governmental
<br />Funds
<br />Total
<br />Governmental
<br />Funds
<br />Assets
<br />Cash and investments 9,091,514$ 5,174,998$ 32,731,258$ 46,997,770$
<br />Taxes receivable 417,296 - 1,111,723 1,529,019
<br />Accounts receivable 30,381 148,578 555,289 734,248
<br />Interest receivable 41,001 24,316 121,795 187,112
<br />Notes and loans receivable - - 1,245,472 1,245,472
<br />Leases receivable - - 94,870 94,870
<br />Special assessments receivable
<br />Delinquent - 268 4,275 4,543
<br />Deferred - 6,854 1,895,229 1,902,083
<br />Due from other funds 837,973 260,434 910,045 2,008,452
<br />Due from other governments 110,820 3,980,617 27,170 4,118,607
<br />Due from component unit 26,969 - 43 27,012
<br />Advances to other funds - - 180,000 180,000
<br />Prepaid items 92,196 - 114,717 206,913
<br />Total assets 10,648,150$ 9,596,065$ 38,991,886$ 59,236,101$
<br />Liabilities
<br />Accounts payable 316,849$ 94,390$ 1,640,090$ 2,051,329$
<br />Salaries and benefits payable 652,414 - 52,458 704,872
<br />Contracts and deposits payable - - 32,230 32,230
<br />Due to other funds - - 1,374,373 1,374,373
<br />Due to other governments 20,817 - 22,076 42,893
<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 990,080 94,390 4,284,075 5,368,545
<br />Deferred Inflows of Resources
<br />Unavailable revenue - property taxes 119,577 - 16,900 136,477
<br />Unavailable revenue - special assessments - 7,122 1,899,172 1,906,294
<br />Unavailable revenue - other - 3,980,617 - 3,980,617
<br />Deferred inflow related to leases receivable - - 94,870 94,870
<br />Total deferred inflows of resources 119,577 3,987,739 2,010,942 6,118,258
<br />Fund Balances
<br />Nonspendable 92,196 - 114,717 206,913
<br />Restricted - - 16,800,972 16,800,972
<br />Committed - 5,513,936 4,652,313 10,166,249
<br />Assigned - - 12,943,840 12,943,840
<br />Unassigned 9,446,297 - (1,814,973) 7,631,324
<br />Total fund balances 9,538,493 5,513,936 32,696,869 47,749,298
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 10,648,150$ 9,596,065$ 38,991,886$ 59,236,101$
<br />City of Elk River
<br />Balance Sheet - Governmental Funds
<br />December 31, 2024
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<br />Page 230 of 637
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