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Surface Internal
<br />Water Nonmajor Service
<br />Water Sewer Management Recycling Totals Funds
<br />Assets
<br />Current assets
<br />Cash and investments 2,366,878$ 743,125$ 44,509$ 185,202$ 3,339,714$ 209,333$
<br />Accrued interest receivable 4,284 1,766 154 432 6,636 385
<br />Accounts receivable
<br />Customers 569,667 547,422 230,167 2,919 1,350,175 106
<br />Customer accounts certified to county 35,521 38,539 5,456 4,358 83,874 –
<br />Prepaid items 7,526 7,256 7,256 – 22,038 269
<br />Inventory 20,045 – – – 20,045 –
<br />Total current assets 3,003,921 1,338,108 287,542 192,911 4,822,482 210,093
<br />Noncurrent assets
<br />Capital assets
<br />Buildings and structures 818,476 16,564 – – 835,040 –
<br />Distribution and collection systems 12,760,264 9,949,319 5,657,651 – 28,367,234 –
<br />Machinery and equipment 301,955 338,598 745 – 641,298 –
<br />Office furniture and equipment 5,216 3,199 – – 8,415 –
<br />Construction in progress 614,227 444,516 526,979 – 1,585,722 –
<br />Total capital assets 14,500,138 10,752,196 6,185,375 – 31,437,709 –
<br />Less accumulated depreciation (5,317,907) (4,523,698) (1,103,982) – (10,945,587) –
<br />Total capital assets
<br /> (net of accumulated depreciation)9,182,231 6,228,498 5,081,393 – 20,492,122 –
<br />Total assets 12,186,152 7,566,606 5,368,935 192,911 25,314,604 210,093
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 114,269 131,238 83,289 – 328,796 –
<br />Liabilities
<br />Current liabilities
<br />Accounts payable 33,286 1,874 3,760 53 38,973 29,166
<br />Deposits payable 8,000 – – – 8,000 –
<br />Due to other governmental units 212,718 17,395 3,825 – 233,938 15,354
<br />Accrued interest payable 26,896 4,188 – – 31,084 –
<br />Bonds payable 190,000 30,000 – – 220,000 –
<br />Compensated absences payable 19,277 22,451 14,468 1,997 58,193 465
<br />Total current liabilities 490,177 75,908 22,053 2,050 590,188 44,985
<br />Noncurrent liabilities
<br />Bonds payable (net of premium)1,640,400 254,881 – – 1,895,281 –
<br />Compensated absences payable 6,426 7,484 4,823 666 19,399 155
<br />Net pension liability 152,964 175,679 111,493 – 440,136 –
<br />Total noncurrent liabilities 1,799,790 438,044 116,316 666 2,354,816 155
<br />Total liabilities 2,289,967 513,952 138,369 2,716 2,945,004 45,140
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 140,206 161,027 102,194 – 403,427 –
<br />Net position
<br />Net investment in capital assets 7,351,831 5,943,617 5,077,887 – 18,373,335 –
<br />Unrestricted 2,518,417 1,079,248 133,774 190,195 3,921,634 164,953
<br />Total net position 9,870,248$ 7,022,865$ 5,211,661$ 190,195$ 22,294,969$ 164,953$
<br />Business-Type Activities – Enterprise Funds
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />Proprietary Funds
<br />as of December 31, 2021
<br />See notes to basic financial statements -19-
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