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Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and investments 14,606,114$ 3,339,714$ 17,945,828$
<br />Accrued interest receivable 33,601 6,636 40,237
<br />Accounts receivable 364,759 1,434,049 1,798,808
<br />Taxes receivable 99,267 – 99,267
<br />Special assessments receivable 1,391,164 – 1,391,164
<br />Due from other governmental units 163,033 – 163,033
<br />Prepaid items 35,299 22,038 57,337
<br />Inventory – 20,045 20,045
<br />Capital assets
<br />Nondepreciable 5,049,210 1,585,722 6,634,932
<br />Depreciable, net of accumulated depreciation 22,565,005 18,906,400 41,471,405
<br />Total assets 44,307,452 25,314,604 69,622,056
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 449,603 328,796 778,399
<br />Liabilities
<br />Accounts payable 565,709 38,973 604,682
<br />Salaries payable 82,651 – 82,651
<br />Deposits payable 1,952,618 8,000 1,960,618
<br />Due to other governmental units 361,196 233,938 595,134
<br />Accrued interest payable – 31,084 31,084
<br />Unearned revenue 112,388 – 112,388
<br />Long-term liabilities (bonds and compensated absences)
<br />Due within one year 74,787 278,193 352,980
<br />Due in more than one year 24,929 1,914,680 1,939,609
<br />Net pension liability
<br />Due in more than one year 601,853 440,136 1,041,989
<br />Total liabilities 3,776,131 2,945,004 6,721,135
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 551,655 403,427 955,082
<br />State aid received for subsequent years 934,670 – 934,670
<br />Total deferred inflows of resources 1,486,325 403,427 1,889,752
<br />Net position
<br />Net investment in capital assets 27,474,959 18,373,335 45,848,294
<br />Restricted for
<br />Tax increment purposes 1,129,558 – 1,129,558
<br />Cable TV 90,743 – 90,743
<br />Unrestricted 10,799,339 3,921,634 14,720,973
<br />Total net position 39,494,599$ 22,294,969$ 61,789,568$
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />as of December 31, 2021
<br />See notes to basic financial statements -14-
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