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Equipment,Permanent
<br />EDA Building, and Improvement
<br />General Operating Replacement Revolving
<br />Cash and investments 3,906,088$ 304,102$ –$ 4,156,811$
<br />Accrued interest receivable 17,577 1,541 – 23,262
<br />Accounts receivable 83,009 – – –
<br />Taxes receivable 62,238 1,366 – –
<br />Special assessments receivable 8,784 – – 1,556,937
<br />Interfund receivable – – – 747,009
<br />Due from other governmental units 81,298 – – 1,722,723
<br />Prepaid items 288,519 450 – –
<br />Total assets 4,447,513$ 307,459$ –$ 8,206,742$
<br />Liabilities
<br />Accounts payable 89,092$ 1,977$ –$ 247,136$
<br />Salaries payable 21,256 382 – –
<br />Deposits payable 485,695 – – –
<br />Interfund payable – – 259,269 –
<br />Due to other governmental units 121,761 – – 15,190
<br />Unearned revenue 49,082 – – –
<br />Total liabilities 766,886 2,359 259,269 262,326
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 32,526 2,042 – –
<br />Unavailable revenue – special assessments 8,784 – – 1,551,859
<br />State aid received for subsequent years – – – 312,100
<br />Total deferred inflows of resources 41,310 2,042 – 1,863,959
<br />Fund balances (deficits)
<br />Nonspendable 288,519 450 – –
<br />Restricted – – – –
<br />Committed – 302,608 – –
<br />Assigned 285,548 – – 6,080,457
<br />Unassigned 3,065,250 – (259,269) –
<br />Total fund balances (deficits)3,639,317 303,058 (259,269) 6,080,457
<br />Total liabilities, deferred inflows of
<br /> resources, and fund balances 4,447,513$ 307,459$ –$ 8,206,742$
<br />Fund balances reported above
<br />Amounts reported for governmental activities in the Statement of Net Position are different because:
<br />Nondepreciable
<br />Depreciable
<br />Due within one year
<br />Due in more than one year
<br />Deferred outflows – pension plans
<br />Deferred inflows – pension plans
<br />Deferred inflows – unavailable revenues
<br />Net position of governmental activities
<br />The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements and the modified
<br />accrual governmental fund financial statements.
<br />as of December 31, 2017
<br />Assets
<br />CITY OF ARDEN HILLS
<br />Balance Sheet
<br />Governmental Funds
<br />Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.
<br />Internal service funds are used to allocate costs to individual funds. Net position is included in governmental activities in the Statement of Net Position.
<br />Long-term liabilities are not payable with current financial resources and,therefore,are not reported in governmental funds (see Note 4 for more details on
<br />components of long-term liabilities).
<br />See notes to basic financial statements -17-
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