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Governmental Business-Type
<br />Activities Activities Total
<br />Assets
<br />Cash and investments 14,385,692$ 4,106,337$ 18,492,029$
<br />Accrued interest receivable 59,843 15,085 74,928
<br />Accounts receivable 204,503 1,531,392 1,735,895
<br />Taxes receivable 37,459 – 37,459
<br />Special assessments receivable 1,423,150 – 1,423,150
<br />Leases receivable 894,171 – 894,171
<br />Due from other governmental units 53,438 – 53,438
<br />Prepaid items 39,342 21,921 61,263
<br />Inventory – 21,933 21,933
<br />Capital assets
<br />Nondepreciable 4,759,890 735,625 5,495,515
<br />Depreciable, net of accumulated depreciation 23,640,480 20,104,941 43,745,421
<br />Total assets 45,497,968 26,537,234 72,035,202
<br />Deferred outflows of resources
<br />Pension plan deferments – PERA 320,433 245,804 566,237
<br />Liabilities
<br />Accounts payable 392,929 41,262 434,191
<br />Salaries payable 92,545 – 92,545
<br />Deposits payable 2,147,375 4,000 2,151,375
<br />Due to other governmental units 307,257 283,894 591,151
<br />Accrued interest payable – 27,417 27,417
<br />Unearned revenue 215,725 – 215,725
<br />Long-term liabilities (bonds and compensated absences)
<br />Due within one year 73,691 283,053 356,744
<br />Due in more than one year 24,564 1,674,075 1,698,639
<br />Net pension liability
<br />Due in more than one year 1,044,294 801,074 1,845,368
<br />Total liabilities 4,298,380 3,114,775 7,413,155
<br />Deferred inflows of resources
<br />Pension plan deferments – PERA 36,000 27,617 63,617
<br />Lease revenues for subsequent years 894,171 – 894,171
<br />State aid received for subsequent years 606,130 – 606,130
<br />Total deferred inflows of resources 1,536,301 27,617 1,563,918
<br />Net position
<br />Net investment in capital assets 28,318,503 18,960,842 47,279,345
<br />Restricted for
<br />Tax increment purposes 1,366,532 – 1,366,532
<br />Cable TV 56,635 – 56,635
<br />Park improvements 218,039 – 218,039
<br />Unrestricted 10,024,011 4,679,804 14,703,815
<br />Total net position 39,983,720$ 23,640,646$ 63,624,366$
<br />CITY OF ARDEN HILLS
<br />Statement of Net Position
<br />as of December 31, 2022
<br />See notes to basic financial statements -15-
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