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<br />I CITY OF ELK RIVER, MINNESOTA
<br />I STATEMENT OF NET ASSETS
<br /> DECEMBER 31, 2005
<br />I Primary Government
<br /> Governmental Business-type Component
<br /> Activities Activities Total Unit - HRA
<br />I ASSETS
<br />Cash and investments $ 29,507,163 $ 9,047,752 $ 38,554,915 $ 232,421
<br /> Restricted cash and investments 2,256,419 2,256,419
<br />I Cash with fiscal agent 515,568 1,633,679 2,149,247
<br />Receivables (net):
<br />Interest 104,756 84,158 188,914
<br /> Taxes 370,161 370,161 9,261
<br />I Accounts 487,023 1,749,549 2,236,572
<br />Special assessments 5,274,675 5,274,675
<br /> Notes 529,923 529,923
<br />I Due from other governments 106,014 106,014
<br />Due from primary government 394,145
<br /> Internal balances 81,889 (81,889)
<br />I Inventories 1,769,190 1,769,190
<br />Prepaid items 79,392 68,036 147,428
<br />Deferred charges 146,435 146,435
<br />I Capital assets:
<br />Nondepreciable 33,921,969 2,559,195 36,481,164
<br />Depreciable (net) 58,233,273 67,691,105 125,924,378
<br />I Total assets 129,211,806 86,923,629 216,135,435 635,827
<br /> LIABILITIES
<br />I Accounts payable 814,223 1,807,920 2,622,143 27,602
<br />Salaries payable 147,512 24,330 171,842 920
<br /> Due to other governments 214,544 81,958 296,502
<br />I Due to component unit 394,145 394,145
<br />Accrued interest payable 345,245 250,091 595,336
<br />Unearned revenue 8,695 556 9,251
<br /> Non-current liabilities:
<br />I Due within one year 6,887,942 2,643,167 9,531,109
<br />Due in more than one year 13,570,855 13,325,263 26,896,118
<br />I Total liabilities 22,383,161 18,133,285 40,516,446 28,522
<br /> NET ASSETS
<br />I Invested in capital assets,
<br />net of related debt 73,150,041 54,577,074 127,727,115
<br />Restricted for:
<br />I Debt service 10,250,564 2,256,419 12,506,983
<br />Landfill mitigation 2,160,268 2,160,268
<br />Unrestricted 21,267,772 11,956,851 33,224,623 607,305
<br />I Total net assets $ 106,828,645 $ 68,790,344 $ 175,618,989 $ 607,305
<br />I The notes to the fmancial statements are an integral part ofthis statement.
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