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<br />CITY OF ELK RNER, MINNESOTA '
<br />STATEMENT OF NE"I ASSETS
<br />PROPRIETARY A-UNDS
<br />DECEMBER 31, 20U7
<br /> '
<br /> Municipal Liquor Garbage
<br /> Curtent Yeaz Prior Year Current Yeaz Prior Year
<br />ASSETS
<br />Curren[ assets: ,
<br />Cash and investments $ 2,977,703 $ 2,277,746 $ 242,528 S 192,402
<br />Restricted cash and investments - _ -
<br />Receivab(es:
<br />Interest
<br />25,090
<br />11.801
<br />1,958
<br />997 ,
<br />Accounts 2,323 1,566 15,204 12,165
<br />Due from other governments _ - - -
<br />Due from other funds - - 86,667 93,848
<br />
<br />Inventories
<br />853,901
<br />856,147
<br />-
<br />- '
<br />Prepaid items 6,300 4,500 -
<br />Total current assets 3,865,317 3,15 1,760 346,357 299,412
<br />Noncurrent assets: '
<br />Deferred charges 2,930 3,345
<br />Capital assets:
<br />Nondepreciable 823,761 823,761 - -
<br />
<br />Depreciable
<br />3,269,095
<br />3,269,095
<br />-
<br />- ,
<br />Accumula[ed depreciation (1,090,072) (952,285) -
<br />Total capita] assets 3,002,784 3,14Q571
<br />To[at noncurrent assets 3,005 714 3,143,916 - -
<br />Total assets 6,871,03] 6,295,676 346,357 299,4(2
<br />LIABILITIES
<br />Curtent liabilities:
<br />Aowun[s payable 420,521 406,471 92,217 114,875
<br />Salaries payable 12,414 8,901 142 111
<br />Due to other governments _ _
<br />
<br />Due to other funds = _ '
<br />Deferred revenue 1,244 ],049 - -
<br />Accrued interest 21,563 22,500 - -
<br />Compensated absences payable - eturen[ 22,860 22,602 - -
<br />
<br />Notes payable -current
<br />_
<br />-
<br />-
<br />_ ,
<br />Bonds payable-current 75,000 50.000
<br />To[a( current liabilities 553,602 511,523 92.359 114,986
<br />Noncurrent liabilities:
<br />Compensated absences payable 20,390 ] 8,b56 - -
<br />No[es payable - _ _ -
<br />Bonds payable ],075,000 1,150,000 -
<br />
<br />Total noncurtent liabilities
<br />1,095390
<br />1.168 656 '
<br />Total liabilities 1,648,992 1,680, U9 92,359 114.986
<br />NET ASSETS '
<br />Invested in capital assets, net of related debt 1,852,784 (,940,571 - -
<br />Restricted for debt service - - _ -
<br />llnrestric[ed 3,369,255 2,674,926 253,998 184,426
<br />
<br />Total net assets
<br />$ 5 222,039
<br />$ 4,615,497
<br />$ 253,998 S
<br />184,426 '
<br />
<br />The notes to the Financial statements aze nn integral part of this statement. 1
<br />30 '
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