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<br /> CITY OF ARDEN HILLS, MINNESOTA I
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31,1997 I
<br /> Note 3: DETAILED NOTES ON ACCOUNTS - CONTINUED .
<br /> C. Accounts Receivable I
<br /> Accounts receivable include amounts billed for services provided before year end, Unbilled utility enterprise
<br /> fund receivables are also included for services provided in ] 997. I
<br /> D. Due From Other Governments
<br /> The amount due from other governments as of December 3], ] 997 in the General Fund is $59,] 69 which will I
<br /> come from Ramsey County. The Sewer Enterprise Fund has $5,000 due from the State of Minnesota.
<br /> E. Fixed Assets
<br /> A summary of changes in general fixed assets for the year ended December 31, ] 997 is as follows: I
<br /> Balance Ba]ance I
<br /> January I Additions Deletions December 3 I
<br /> Land S 829,712 $ $ $ 829,712 I
<br /> Buildings and structures 558,595 - 558,595
<br /> Furniture, fixtures and office
<br /> equipment 234,388 27,525 261,913
<br /> Machinery and equipment 860,516 73,241 78,127 855,630 I
<br /> Other improvements ]2.464.502 567.472 13.031.974
<br /> Tota] $ 14.947.713 $ 668,238 $ 78,1 27 $ 15.537.824 .
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<br /> The following is a summary of proprietary fund type fixed assets at December 31, 1997:
<br /> Surface I
<br /> Water
<br /> Water Sewer Management Total I
<br /> Furniture and equipment $ ]23,554 $ 385,505 $ 50,075 $ 559,134
<br /> Distributions and collection
<br /> system 5,691.462 3,954.713 9.646,1 75 I
<br /> Total 5,815,016 4,340,218 50,075 10,205,309
<br /> Less accumulated depreciation (] ,246.943) (1.875,028) (7,680) 0,129,651 )
<br /> Net $ 4.568,073 $2.465,190 $ 42.395 $ 7,075,658 I
<br /> F. Interfund Receivahles and Payables I
<br /> The composition of inter fund balances at December 31,1997 are as follows:
<br /> Receivable Fund Pavab]e Fund Amount I
<br /> Capital Projects Fund Special Revenue Fund
<br /> Pennanent Improvement I
<br /> Revolving Economic Development Fund $ 485,000
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