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BALANCE SIE~T <br /> Page. 1 <br />SEPTEMBER 20a9 <br />CITY OF ELK RIVER <br />As af; X13012009 Balances <br />Fund Type; CU Component Unit <br />Fund; X10 - HRA <br />Assets <br />Acct Class; 1 aa0 Current Assets <br />lala Cash 539,374.G2 <br />119a Notes Receivable 4aa,a0a,a0 <br />1310 Due Frorn Other Funds 3G9,1 ZS.92 <br />Acct Class; 1000 Curt'ent Assets 1,308,5aa.S4 <br />Acct Class; 1 Gaa Capital Assets <br />1 G20 Buildings & Structures 720,Q00,00 <br />Acct Class; 1 Gaa Capital Assets 720,aa0,00 <br />Total Assets 2,028,500.54 <br />Liabilities <br />Acct Class; 2000 Current Liabilities <br />Building Plll'Chase ~nan~CUrl'ent Ilablllty}~'~ 32a,a7a,29 <br />Acct class; Zaaa current Liabilities 3za,a7a.29 <br />Total Liabilities 320,070,29 <br />ReserveslBalances <br />Acct Class; 2400 Fund Equity <br />24a0 Fund Balance 1,G94,G08,89 <br />2Ga0 Change In Fund Balance 13,$21.36 <br />Acct Class; 2400 Fund Equity 1,708,430,zS <br />Total ReserveslBalances 1,7x8,430,25 <br />Total Liabilities & Balances 2,02$,SOa.S4 <br />~~ =The City's financial system is on the ~aaadl~ed accrual ba,~i~s of accaacnting anti the current f nancr'ad r'esoar~Rces nzeasacr~e~nent faces, <br />"Government funds, with their faces on current financial resources, da not report liabilities for the fallowing. CJn~natured principal and interest <br />of long-term debt" (GAAFR, page 174}. The City retards long-term debt related liabilities as part of the GASB 34 conversion entries and will <br />show up on your yearend accrual statements, 'U~I~at finance will do is manually insert the longterm liability in your balance sheet to more <br />closely reflect accrual accounting, <br />