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City of Centerville, Minnesota
<br />Statement of Net Position
<br />December 31, 2021
<br />Primary Government
<br />Component Unit
<br />Economic
<br />GovernmentalBusiness-typeDevelopment
<br />ActivitiesActivitiesTotalAuthority
<br />Assets
<br />Cash and temporary investments$ 3,968,375$ 5,944,889$ 9,913,264$ 27,522
<br />Receivables
<br />Accrued interest 2,403 3,577 5,980 -
<br />Taxes 51,212 - 51,212 -
<br />Accounts 69,676 210,267 279,943 -
<br />Special assessments 447,488 349,439 796,927 -
<br />Due from other governments 24,585 - 24,585 -
<br />Internal balances (855,127) 855,127 - -
<br />Inventories - 13,333 13,333 -
<br />Prepaid items 18,376 600 18,976 588
<br />Capital assets
<br />Land and construction and progress 2,351,418 200,655 2,552,073 -
<br />Depreciable assets (net of accumulated depreciation) 8,120,039 5,424,457 13,544,496 -
<br />Total Assets 14,198,445 13,002,344 27,200,789 28,110
<br />Deferred Outflows of Resources
<br />Deferred pension resources 214,735 84,009 298,744 -
<br />Liabilities
<br />Accounts and contracts payable 84,513 23,754 108,267 -
<br />Accrued salaries payable 19,406 7,103 26,509 -
<br />Due to other governments 3,514 14,003 17,517 -
<br />Accrued interest payable 26,494 - 26,494 -
<br />Deposits payable 311,456 54,859 366,315 -
<br />Unearned revenue 231,454 - 231,454 -
<br />Noncurrent liabilities
<br />Due within one year
<br />Long-term liabilities 430,317 20,501 450,818 -
<br />Due in more than one year
<br />Long-term liabilities 1,993,679 - 1,993,679 -
<br />Net pension liability 278,958 109,653 388,611 -
<br />Total Liabilities 3,379,791 229,873 3,609,664 -
<br />Deferred Inflows of Resources
<br />Deferred pension resources 256,753 100,381 357,134 -
<br />Net Position
<br />Net investment in capital assets 8,106,098 5,625,112 13,731,210 -
<br />Restricted for
<br />Debt service 743,174 - 743,174 -
<br />Cable TV 32,802 - 32,802 -
<br />Public safety 43,126 - 43,126 -
<br />Unrestricted 1,851,436 7,130,987 8,982,423 28,110
<br />Total Net Position$ 10,776,636$ 12,756,099$ 23,532,735$ 28,110
<br />The notes to the financial statements are an integral part of this statement.
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