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Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and investments 9,981,271$ 1,380,385$ 11,361,656$
<br />Accrued interest receivable 49,686 8,041 57,727
<br />Accounts receivable 110,377 1,206,113 1,316,490
<br />Taxes receivable 63,604 – 63,604
<br />Special assessments receivable 1,565,721 – 1,565,721
<br />Internal balances 291,870 (291,870) –
<br />Due from other governmental units 1,804,021 – 1,804,021
<br />Prepaid items 289,206 945 290,151
<br />Inventory – 9,291 9,291
<br />Capital assets
<br />Nondepreciable 3,232,299 324,945 3,557,244
<br />Depreciable, net of accumulated depreciation 19,518,078 15,967,055 35,485,133
<br />Total assets 36,906,133 18,604,905 55,511,038
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 311,733 129,205 440,938
<br />Liabilities
<br />Accounts payable 472,954 78,783 551,737
<br />Salaries payable 23,213 12,628 35,841
<br />Deposits payable 485,695 – 485,695
<br />Due to other governmental units 173,099 296,327 469,426
<br />Unearned revenue 49,082 – 49,082
<br />Compensated absences payable
<br />Due within one year 37,270 33,537 70,807
<br />Due in more than one year 12,424 11,179 23,603
<br />Net pension liability
<br />Due in more than one year 971,048 497,257 1,468,305
<br />Total liabilities 2,224,785 929,711 3,154,496
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 353,646 213,655 567,301
<br />State aid received for subsequent years 312,100 – 312,100
<br />Total deferred inflows of resources 665,746 213,655 879,401
<br />Net position
<br />Investment in capital assets 22,750,377 16,292,000 39,042,377
<br />Restricted for
<br />Tax increment purposes 616,829 – 616,829
<br />Cable TV 281,910 – 281,910
<br />Unrestricted 10,678,219 1,298,744 11,976,963
<br />Total net position 34,327,335$ 17,590,744$ 51,918,079$
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />as of December 31, 2017
<br />See notes to basic financial statements -14-
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