Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Cash and investments 3,946,278$ 4,144,124$ 1,892,876$ –$ 9,983,278$
<br />Accrued interest receivable 12,165 13,791 5,207 – 31,163
<br />Accounts receivable 20,372 500,000 31,444 – 551,816
<br />Taxes receivable 82,692 – 145,120 – 227,812
<br />Special assessments receivable 7,981 1,515,298 – – 1,523,279
<br />Interfund receivable – 204,059 18,000 (222,059) –
<br />Due from other governmental units 21,828 149,481 – – 171,309
<br />Prepaid items 22,438 – 214 – 22,652
<br />Total assets 4,113,754$ 6,526,753$ 2,092,861$ (222,059)$ 12,511,309$
<br />Liabilities
<br />Accounts payable 94,450$ 414,985$ 124,086$ –$ 633,521$
<br />Salaries payable 54,133 – – – 54,133
<br />Deposits payable 575,050 – – – 575,050
<br />Interfund payable – – 222,059 (222,059) –
<br />Due to other governmental units 33,443 348,356 – – 381,799
<br />Unearned revenue 103,372 – – – 103,372
<br />Total liabilities 860,448 763,341 346,145 (222,059) 1,747,875
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 29,742 – 3,222 – 32,964
<br />Unavailable revenue – special assessments 7,981 1,500,810 – – 1,508,791
<br />Unavailable revenue – long-term receivable – 500,000 – – 500,000
<br />Total deferred inflows of resources 37,723 2,000,810 3,222 – 2,041,755
<br />Fund balances (deficits)
<br />Nonspendable 22,438 – 214 – 22,652
<br />Restricted – – 1,096,484 – 1,096,484
<br />Committed – – 580,243 – 580,243
<br />Assigned 205,962 3,762,602 294,445 – 4,263,009
<br />Unassigned 2,987,183 – (227,892) – 2,759,291
<br />Total fund balances (deficits)3,215,583 3,762,602 1,743,494 – 8,721,679
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 4,113,754$ 6,526,753$ 2,092,861$ (222,059)$ 12,511,309$
<br />Fund balances reported above 8,721,679$
<br />Amounts reported for governmental activities in the Statement of Net Position are different because:
<br />Nondepreciable 7,817,582
<br />Depreciable 19,171,330
<br />332,011
<br />Certain long-term obligations are not payable with current financial resources and, therefore, are not reported in governmental funds.
<br />Compensated absences (84,372)
<br />Net pension liability (709,184)
<br />Deferred outflows of resources – pension plans 56,374
<br />Deferred inflows of resources – pension plans (191,233)
<br />Deferred inflows of resources – unavailable revenues 2,041,755
<br />Net position of governmental activities 37,155,942$
<br />Assets
<br />Internal service funds are used to allocate costs to individual funds. Net position is included in governmental activities in the Statement of
<br />Net Position.
<br />Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.
<br />The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements
<br />and the modified accrual governmental fund financial statements.
<br />CITY OF ARDEN HILLS
<br />Balance Sheet
<br />Governmental Funds
<br />as of December 31, 2019
<br />See notes to basic financial statements -16-
|