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Equipment, Permanent
<br />EDA Building, and Improvement
<br />General Operating Replacement Revolving
<br />Cash and investments 3,850,270$ 506,776$ 260,735$ 2,993,824$
<br />Accrued interest receivable 18,437 2,426 – 14,257
<br />Accounts receivable 8,500 – – 600,000
<br />Taxes receivable 103,456 2,042 – –
<br />Special assessments receivable 6,086 – – 2,217,198
<br />Interfund receivable – – – 187,450
<br />Due from other governmental units 126,543 – – 559,518
<br />Prepaid items 25,482 – – –
<br />Total assets 4,138,774$ 511,244$ 260,735$ 6,572,247$
<br />Liabilities
<br />Accounts payable 92,817$ 363$ 43,833$ 471,062$
<br />Salaries payable 29,042 598 – –
<br />Deposits payable 506,021 – – –
<br />Interfund payable – – – –
<br />Due to other governmental units 30,515 – – 619,173
<br />Unearned revenue 101,132 – – –
<br />Total liabilities 759,527 961 43,833 1,090,235
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 32,792 2,042 – –
<br />Unavailable revenue – special assessments 6,086 – – 2,201,864
<br />Unavailable revenue – long-term receivable – – – 600,000
<br />State aid received for subsequent years – – – 23,171
<br />Total deferred inflows of resources 38,878 2,042 – 2,825,035
<br />Fund balances (deficits)
<br />Nonspendable 25,482 – – –
<br />Restricted – – – –
<br />Committed – 508,241 – –
<br />Assigned 262,805 – 216,902 2,656,977
<br />Unassigned 3,052,082 – – –
<br />Total fund balances (deficits)3,340,369 508,241 216,902 2,656,977
<br />Total liabilities, deferred inflows of
<br /> resources, and fund balances 4,138,774$ 511,244$ 260,735$ 6,572,247$
<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 of resources – pension plans
<br />Deferred inflows of resources – pension plans
<br />Deferred inflows of resources – unavailable revenues
<br />Net position of governmental activities
<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 />The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements and the modified accrual
<br />governmental fund financial statements.
<br />as of December 31, 2018
<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 />See notes to basic financial statements -17-
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