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Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Cash and investments 5,194,930$ 6,085,375$ 3,116,476$ –$ 14,396,781$
<br />Accrued interest receivable 11,667 14,386 7,163 – 33,216
<br />Accounts receivable 29,353 300,000 35,300 – 364,653
<br />Taxes receivable 98,909 – 358 – 99,267
<br />Special assessments receivable 3,628 1,387,536 – – 1,391,164
<br />Interfund receivable – 194,879 29,016 (223,895) –
<br />Due from other governmental units 108,412 54,621 – – 163,033
<br />Prepaid items 31,152 – 3,878 – 35,030
<br />Total assets 5,478,051$ 8,036,797$ 3,192,191$ (223,895)$ 16,483,144$
<br />Liabilities
<br />Accounts payable 133,517$ 128,511$ 274,515$ –$ 536,543$
<br />Salaries payable 82,651 – – – 82,651
<br />Deposits payable 1,952,618 – – – 1,952,618
<br />Interfund payable – – 223,895 (223,895) –
<br />Due to other governmental units 29,270 316,572 – – 345,842
<br />Unearned revenue 69,333 4,071 38,984 – 112,388
<br />Total liabilities 2,267,389 449,154 537,394 (223,895) 3,030,042
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 37,222 – 1 – 37,223
<br />Unavailable revenue – special assessments 3,628 1,362,853 – – 1,366,481
<br />Unavailable revenue – long-term receivable – 300,000 – – 300,000
<br />State aid received for subsequent years – 934,670 – – 934,670
<br />Total deferred inflows of resources 40,850 2,597,523 1 – 2,638,374
<br />Fund balances (deficits)
<br />Nonspendable 31,152 – 3,878 – 35,030
<br />Restricted – – 1,220,287 – 1,220,287
<br />Committed – – 654,042 – 654,042
<br />Assigned 239,096 4,990,120 1,000,127 – 6,229,343
<br />Unassigned 2,899,564 – (223,538) – 2,676,026
<br />Total fund balances (deficits)3,169,812 4,990,120 2,654,796 – 10,814,728
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 5,478,051$ 8,036,797$ 3,192,191$ (223,895)$ 16,483,144$
<br />Fund balances reported above 10,814,728$
<br />Amounts reported for governmental activities in the Statement of Net Position are different because:
<br />Nondepreciable 5,049,210
<br />Depreciable, net of accumulated depreciation 22,565,005
<br />164,953
<br />Compensated absences (99,096)
<br />Net pension liability (601,853)
<br />Deferred outflows of resources – pension plans 449,603
<br />Deferred inflows of resources – pension plans (551,655)
<br />Deferred inflows of resources – unavailable revenues (taxes, special assessments, and long-term receivable)1,703,704
<br />Net position of governmental activities 39,494,599$
<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
<br />the modified accrual governmental fund financial statements.
<br />CITY OF ARDEN HILLS
<br />Balance Sheet
<br />Governmental Funds
<br />as of December 31, 2021
<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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