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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2006 <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br />Cash and investments are presented in the financial statements as follows: <br />PrimaryComponent <br />GovernmentUnit - HRA <br />Statement of Net Assets <br />Cash and investments$ 40,001,555$ 171,932 <br />Restricted cash and investments 445,900 - <br />Cash with fiscal agent 538,007 - <br />Statement of Fiduciary Net Assets <br />Cash and investments 182,800 - <br />Total$ 41,168,262$ 171,932 <br />B.Deferred Revenue <br />Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be <br />available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection <br />with resources that have been received, but not yet earned. At the end of the current fiscal year, the various components <br />of deferred revenue and unearned revenue reported in the governmental funds were as follows: <br />UnavailableUnearned <br />Delinquent property taxes receivable: <br /> General fund$ 167,467$ - <br />Improvement bonds fund 4,832 <br /> - <br />Capital projects fund 4,750 <br /> - <br />Nonmajor funds 36,354 <br /> - <br />Delinquent special assessments: <br />Improvement bonds fund 1,474 <br /> - <br />Capital projects fund 9,880 <br /> - <br />Special assessments not yet due: <br />Improvement bonds fund 775,600 <br /> - <br />Capital projects fund4,450,408 <br /> - <br />Nonmajor funds 65,892 <br /> - <br />Notes receivable not yet due: <br />Nonmajor funds 266,096 <br /> - <br />Unearned park dedication credits: <br />Park dedication fund 364,100- <br />Unearned miscellaneous fees: <br />Nonmajor funds - 6,724 <br />Total 5,782,753$$ 370,824 <br />44 <br /> <br />