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City of Centerville, Minnesota
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2021
<br />Business-type Activities - Enterprise Funds
<br />601602 Nonmajor
<br />Enterprise
<br />WaterSewerFundsTotals
<br />Assets
<br />Current Assets
<br />Cash and temporary investments$ 3,363,043 $ 2,483,925 $ 97,921$ 5,944,889
<br />Receivables
<br />Accrued interest 2,022 1,490 65 3,577
<br />Accounts 53,592 87,844 68,831 210,267
<br />Special assessments 72,481 8,597 7,036 88,114
<br />Due from other funds 15,199 - - 15,199
<br />Advance to other funds - 855,127 - 855,127
<br />Inventories 13,333 - - 13,333
<br />Prepaid items 450 150 - 600
<br />Total Current Assets 3,520,120 3,437,133 173,853 7,131,106
<br />Noncurrent Assets
<br />Special assessments receivable 261,325 - - 261,325
<br />Capital assets
<br />Land 72,255 124,000 4,400 200,655
<br />Buildings 138,000 276,000 - 414,000
<br />Infrastructure 6,180,356 3,442,483 1,633,841 11,256,680
<br />Machinery and equipment 269,367 96,742 - 366,109
<br />Less accumulated depreciation (3,623,019) (2,513,235) (476,078) (6,612,332)
<br />Net Capital Assets 3,036,959 1,425,990 1,162,163 5,625,112
<br />Total Noncurrent Assets 3,298,284 1,425,990 1,162,163 5,886,437
<br />Total Assets 6,818,404 4,863,123 1,336,016 13,017,543
<br />Deferred Outflows of Resources
<br />Deferred pension resources 36,991 37,897 9,121 84,009
<br />Liabilities
<br />Current Liabilities
<br />Accounts payable 1,717 471 21,566 23,754
<br />Deposits payable 34,859 20,000 - 54,859
<br />Ac
<br />crued salaries payable 2,862 2,862 1,379 7,103
<br />Due to other funds - - 15,199 15,199
<br />Due to other governments 47 10,283 3,673 14,003
<br />Compensated absences payable - current 8,606 8,606 3,289 20,501
<br />Total Current Liabilities 48,091 42,222 45,106 135,419
<br />Noncurrent Liabilities
<br />Net pension liability 48,283 49,466 11,904 109,653
<br />Total Liabilities 96,374 91,688 57,010 245,072
<br />Deferred Inflows of Resources
<br />Deferred pension resources 44,200 45,283 10,898 100,381
<br />Net Position
<br />Investment in capital assets 3,036,959 1,425,990 1,162,163 5,625,112
<br />Unrestricted 3,677,862 3,338,059 115,066 7,130,987
<br />Total Net Position$ 6,714,821 $ 4,764,049 $ 1, 277,229$ 12,756,099
<br />The notes to the financial statements are an integral part of this statement.
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