Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and investments 13,557,636$ 2,490,447$ 16,048,083$
<br />Accrued interest receivable 36,554 6,824 43,378
<br />Accounts receivable 449,643 1,298,664 1,748,307
<br />Taxes receivable 93,628 – 93,628
<br />Special assessments receivable 1,274,318 – 1,274,318
<br />Due from other governmental units 13,793 5,523 19,316
<br />Prepaid items 32,462 20,898 53,360
<br />Inventory – 9,417 9,417
<br />Capital assets
<br />Nondepreciable 3,109,646 381,935 3,491,581
<br />Depreciable, net of accumulated depreciation 23,308,420 19,207,865 42,516,285
<br />Total assets 41,876,100 23,421,573 65,297,673
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 125,948 81,715 207,663
<br />Liabilities
<br />Accounts payable 621,102 38,870 659,972
<br />Salaries payable 75,638 – 75,638
<br />Deposits payable 518,460 – 518,460
<br />Due to other governmental units 385,575 164,511 550,086
<br />Accrued interest payable – 34,584 34,584
<br />Unearned revenue 57,633 – 57,633
<br />Long-term liabilities (bonds and compensated absences)
<br />Due within one year 79,704 267,622 347,326
<br />Due in more than one year 26,567 2,150,045 2,176,612
<br />Net pension liability
<br />Due in more than one year 876,334 568,571 1,444,905
<br />Total liabilities 2,641,013 3,224,203 5,865,216
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 45,668 29,630 75,298
<br />State aid received for subsequent years 1,225,355 – 1,225,355
<br />Total deferred inflows of resources 1,271,023 29,630 1,300,653
<br />Net position
<br />Net investment in capital assets 26,418,066 17,248,962 43,667,028
<br />Restricted for
<br />Tax increment purposes 1,021,370 – 1,021,370
<br />Cable TV 116,370 – 116,370
<br />Unrestricted 10,534,206 3,000,493 13,534,699
<br />Total net position 38,090,012$ 20,249,455$ 58,339,467$
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />as of December 31, 2020
<br />See notes to basic financial statements -14-
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