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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 365,159$ 167,401$ 139,044$ 189$
<br />Salaries and benefits payable 44,956 32,340 - -
<br />Contracts and deposits payable - - - -
<br />Interest payable - 33,181 - -
<br />Unearned revenue 5,992 - - -
<br />Due to other funds - 22,499 2,116 864
<br />Due to other governments 89,442 - - -
<br />Current compensated absences 45,920 50,848 - -
<br />Current total OPEB liability 5,365 4,694 - -
<br />Lease liability due within one year 3,943 4,600 - -
<br />Bonds payable due within one year - 530,000 - -
<br />Total current liabilities 560,777 845,563 141,160 1,053
<br />Noncurrent liabilities
<br />Compensated absences 48,932 39,465 - -
<br />Total OPEB liability 46,318 40,529 - -
<br />Lease liability 16,751 19,542 - -
<br />Bonds payable - 5,654,847 - -
<br />Net pension liability 374,084 256,876 12,536 -
<br />Total noncurrent liabilities 486,085 6,011,259 12,536 -
<br />Total liabilities 1,046,862 6,856,822 153,696 1,053
<br />Deferred Inflows of Resources
<br />Deferred inflows of resources
<br /> related to OPEB 7,555 6,611 - -
<br />Deferred inflows of resources
<br /> related to pensions 254,878 175,020 8,541 -
<br />Deferred inflows of resources
<br /> related to leases - - - -
<br />Total deferred inflows
<br /> of resources 262,433 181,631 8,541 -
<br />Net Position
<br />Net investment in capital assets 1,421,909 24,236,932 - 9,166,391
<br />Restricted for debt service - - - -
<br />Unrestricted 3,729,560 10,390,274 1,011,564 2,464,145
<br />Total net position 5,151,469 34,627,206 1,011,564 11,630,536
<br />Total liabilities, deferred
<br /> inflows of resources, and
<br /> net position 6,460,764$ 41,665,659$ 1,173,801$ 11,631,589$
<br />Business-Type Activities - Enterprise Funds
<br />December 31, 2024
<br />City of Elk River
<br />Statement of Net Position - Proprietary Funds
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<br />Page 238 of 637
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