CCP 05-24-1999 - Laserfiche WebLink

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Note 3: CITY OF ARDEN HILLS, MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 31,1998 DETAILED NOTES ON ACCOUNTS - CONTINUED C. Accounts Receivable Accounts receivable include amounts billed for services provided before year end. Unbilled utility enterprise fund receivables are also included for services provided in 1998. D. Due From Other Governments The amount due from Ramsey County as of December 31, 1998 in the General Fund is $63,792. The Permanent Improvements Revolving Capital Projects Fund has $62,079 due from the City of New Brighton. E. Fixed Assets A summary of changes in general fixed assets for the year ended December 31, 1998 is as follows: Balance Balance Januarv I Additions Deletions December 31 Land $ 829,712 $ $ $ 829,712 Buildings and structures 558,595 558,595 Furniture, fixtures and office equipment 261,913 12,882 274,795 Machinery and equipment 855,630 161,871 69,627 947,874 Other improvements 13.03 1.974 740.439 13.772.413 Total $ 15.537.824 $ 915.192 $ 69.627 $ 16.383.389 The following is a summary of proprietary fund type fixed assets at December 31, 1998: Surface Water Water Sewer Management TotaJ Furniture and equipment $ 124,665 $ 361,532 $ 50,075 $ 536,272 Distributions and collection system 5.808.612 4.359.604 10.168.216 Total 5,933,277 4,721,136 50,075 10,704,488 Less accumulated depreciation (1.322.242 ) (1.942.487) (17.695) 13.282.424 ) Net $ 4.61 1.035 $2.778.649 $ 32.380 $ 7.422.064 F. Interfund Receivables and Payables The composition of interfund balances at December 31, 1998 are as follows: Receivable Fund Pavable Fund Amount Capital Projects Fund Permanent Improvement Revolving Special Revenue Fund Economic Development Fund $ 499.000 -17- I .1 I I I I I I I el I I I I I I I el I