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Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and investments 10,416,143$ 1,789,112$ 12,205,255$
<br />Accrued interest receivable 32,468 6,000 38,468
<br />Accounts receivable 551,816 1,315,426 1,867,242
<br />Taxes receivable 227,812 – 227,812
<br />Special assessments receivable 1,523,279 – 1,523,279
<br />Due from other governmental units 171,309 32,960 204,269
<br />Prepaid items 22,652 900 23,552
<br />Inventory – 7,381 7,381
<br />Capital assets
<br />Nondepreciable 7,817,582 3,193,168 11,010,750
<br />Depreciable, net of accumulated depreciation 19,171,330 16,815,363 35,986,693
<br />Total assets 39,934,391 23,160,310 63,094,701
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 56,374 39,435 95,809
<br />Liabilities
<br />Accounts payable 720,929 48,641 769,570
<br />Salaries payable 54,133 – 54,133
<br />Deposits payable 575,050 – 575,050
<br />Due to other governmental units 394,242 396,994 791,236
<br />Accrued interest payable – 37,917 37,917
<br />Unearned revenue 103,372 – 103,372
<br />Long-term liabilities (bonds and compensated absences)
<br />Due within one year 65,011 238,992 304,003
<br />Due in more than one year 21,669 2,369,390 2,391,059
<br />Net pension liability
<br />Due in more than one year 709,184 496,090 1,205,274
<br />Total liabilities 2,643,590 3,588,024 6,231,614
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 191,233 133,772 325,005
<br />Net position
<br />Net investment in capital assets 26,988,912 17,452,137 44,441,049
<br />Restricted for
<br />Tax increment purposes 948,034 – 948,034
<br />Cable TV 148,664 – 148,664
<br />Unrestricted 9,070,332 2,025,812 11,096,144
<br />Total net position 37,155,942$ 19,477,949$ 56,633,891$
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />as of December 31, 2019
<br />See notes to basic financial statements -14-
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