Permanent Other Total
<br />Improvement Governmental Intra-Activity Governmental
<br />General Revolving Funds Eliminations Funds
<br />Cash and investments 5,667,878$ 5,577,529$ 2,943,396$ –$ 14,188,803$
<br />Accrued interest receivable 23,474 23,909 11,725 – 59,108
<br />Accounts receivable 25,773 150,000 28,730 – 204,503
<br />Taxes receivable 37,329 – 130 – 37,459
<br />Special assessments receivable 3,628 1,419,522 – – 1,423,150
<br />Interfund receivable – 194,879 23,747 (218,626) –
<br />Leases receivable 894,171 – – – 894,171
<br />Due from other governmental units 53,438 – – – 53,438
<br />Prepaid items 34,508 – 4,071 – 38,579
<br />Total assets 6,740,199$ 7,365,839$ 3,011,799$ (218,626)$ 16,899,211$
<br />Liabilities
<br />Accounts payable 88,825$ 238,591$ 61,296$ –$ 388,712$
<br />Salaries payable 92,545 – – – 92,545
<br />Deposits payable 2,147,375 – – – 2,147,375
<br />Interfund payable – – 218,626 (218,626) –
<br />Due to other governmental units 32,120 259,146 – – 291,266
<br />Unearned revenue 79,289 – 136,436 – 215,725
<br />Total liabilities 2,440,154 497,737 416,358 (218,626) 3,135,623
<br />Deferred inflows of resources
<br />Unavailable revenue – taxes 36,009 – – – 36,009
<br />Unavailable revenue – special assessments 3,628 1,409,945 – – 1,413,573
<br />Unavailable revenue – long-term receivable – 150,000 – – 150,000
<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 933,808 2,166,075 – – 3,099,883
<br />Fund balances (deficits)
<br />Nonspendable 34,508 – 4,071 – 38,579
<br />Restricted – – 1,641,192 – 1,641,192
<br />Committed – – 658,457 – 658,457
<br />Assigned 259,015 4,702,027 510,217 – 5,471,259
<br />Unassigned 3,072,714 – (218,496) – 2,854,218
<br />Total fund balances (deficits)3,366,237 4,702,027 2,595,441 – 10,663,705
<br />Total liabilities, deferred inflows
<br /> of resources, and fund balances 6,740,199$ 7,365,839$ 3,011,799$ (218,626)$ 16,899,211$
<br />Fund balances reported above 10,663,705$
<br />Amounts reported for governmental activities in the Statement of Net Position are different because:
<br />Nondepreciable 4,759,890
<br />Depreciable, net of accumulated depreciation 23,640,480
<br />178,179
<br />Compensated absences (98,255)
<br />Net pension liability (1,044,294)
<br />Deferred outflows of resources – pension plans 320,433
<br />Deferred inflows of resources – pension plans (36,000)
<br />Deferred inflows of resources – unavailable revenues (taxes, special assessments, and long-term receivable)1,599,582
<br />Net position of governmental activities 39,983,720$
<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, 2022
<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 -17-
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