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<br /> --- -------------- ------------ <br /> I <br /> CITY OF ARDEN HILLS, MINNESOTA .' <br /> NOTES TO FINANCIAL STATEMENTS I <br /> DECEMBER 31, 1996 <br />Note 3: DETAaED NOTES ON ACCOUNTS-CONTThmED <br /> B. Accounts Receivable I <br /> Accounts receivable include amounts blUed for services provided before year end. UnblUed utility enterprise I <br /> fund receivables are also included for services provided in 1996. <br /> C. Due From Other Governments <br /> The amount due from other governments as of December 31, 1996 in the General Fund is $64,000 which will I <br /> come from local sources. <br /> D. Fixed Assets I <br /> A summary of changes in general fixed assets for the year ended December 31,1996 is as follows: <br /> Balance Balance I <br /> Januarv I A rlclitinns Deletions December 31 <br /> Land $ 829 712 $ - $ - $ 829 712 I <br /> Buildings and structures 557655 940 - 558 595 <br /> Furniture, fixtures and office <br /> equipment 215095 19293 - 234 388 -I <br /> Machinery and equipment 752496 141121 33101 860516 <br /> Other improvements II 524 788 939714 - 12464 502 <br /> Total $ 13 879 746 $1 101 068 $ 33101 $ 14947713 I <br /> The following is a summary of proprietary fund type fixed assets at December 31, 1996: <br /> Water Sewer FIP.ctric Total I <br /> Furniture and equipment $ 123 554 $ 385 505 $ 442 $ 509501 I <br /> Dislributions and collection <br /> system 5615929 3954713 - 9 570 642 <br /> Total 5 739483 4340 218 442 10080 143 I <br /> Less accumulated depreciation (J 170769) (1 804 904) (147) 0975820) <br /> Net $ 4 568 714 $2535314 $ 295 $ 7 104 323 I <br /> E. Interfund Receivables aod Payahles <br /> The composition of interfund balances at December 31, 1996 are as follows: I <br /> RP.N'!ivahle Fnnrl Pavahle Fund Amount I <br /> Capital Projects Fund Capital Projects Fund <br /> Permanent Improvement <br /> Revolving Development/Redevelopment TlF $ 325 000 -I <br /> -16- I <br /> ------ <br />