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Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Cash and investments 4,032,832$ 6,399,348$ 2,672,568$ –$ 13,104,748$
<br />Accrued interest receivable 10,757 17,415 7,224 – 35,396
<br />Accounts receivable 10,962 400,000 30,297 – 441,259
<br />Taxes receivable 90,406 – 3,222 – 93,628
<br />Special assessments receivable 8,142 1,266,176 – – 1,274,318
<br />Interfund receivable – 194,879 35,222 (230,101) –
<br />Due from other governmental units 13,793 – – – 13,793
<br />Prepaid items 28,782 – 3,680 – 32,462
<br />Total assets 4,195,674$ 8,277,818$ 2,752,213$ (230,101)$ 14,995,604$
<br />Liabilities
<br />Accounts payable 78,664$ 166,366$ 144,960$ –$ 389,990$
<br />Salaries payable 75,638 – – – 75,638
<br />Deposits payable 518,460 – – – 518,460
<br />Interfund payable – – 230,101 (230,101) –
<br />Due to other governmental units 46,531 317,947 9,476 – 373,954
<br />Unearned revenue 57,633 – – – 57,633
<br />Total liabilities 776,926 484,313 384,537 (230,101) 1,415,675
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 30,100 – 3,222 – 33,322
<br />Unavailable revenue – special assessments 8,142 1,239,680 – – 1,247,822
<br />Unavailable revenue – long-term receivable – 400,000 – – 400,000
<br />State aid received for subsequent years – 1,225,355 – – 1,225,355
<br />Total deferred inflows of resources 38,242 2,865,035 3,222 – 2,906,499
<br />Fund balances (deficits)
<br />Nonspendable 28,782 – 3,680 – 32,462
<br />Restricted – – 1,137,740 – 1,137,740
<br />Committed – – 619,013 – 619,013
<br />Assigned 196,467 4,928,470 834,122 – 5,959,059
<br />Unassigned 3,155,257 – (230,101) – 2,925,156
<br />Total fund balances (deficits)3,380,506 4,928,470 2,364,454 – 10,673,430
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 4,195,674$ 8,277,818$ 2,752,213$ (230,101)$ 14,995,604$
<br />Fund balances reported above 10,673,430$
<br />Amounts reported for governmental activities in the Statement of Net Position are different because:
<br />Nondepreciable 3,109,646
<br />Depreciable 23,308,420
<br />219,173
<br />Compensated absences (105,747)
<br />Net pension liability (876,334)
<br />Deferred outflows of resources – pension plans 125,948
<br />Deferred inflows of resources – pension plans (45,668)
<br />Deferred inflows of resources – unavailable revenues (taxes, special assessments, and long-term receivable)1,681,144
<br />Net position of governmental activities 38,090,012$
<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 Net
<br />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 and the
<br />modified accrual governmental fund financial statements.
<br />CITY OF ARDEN HILLS
<br />Balance Sheet
<br />Governmental Funds
<br />as of December 31, 2020
<br />Certain long-term obligations are not payable with current financial resources and, therefore, are not reported in governmental funds.
<br />See notes to basic financial statements -16-
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