|
CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2015
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(25)
<br />
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />ASSETS
<br />Cash and Investments 12,023,585$ 1,305,191$ 13,328,776$
<br />Cash and Investments Held by Trustee 1,311,567 - 1,311,567
<br />Accrued Interest Receivable 32,970 - 32,970
<br />Accounts Receivable 321,000 732,597 1,053,597
<br />Property Taxes Receivable:
<br />Delinquent 83,251 - 83,251
<br />Due from County 57,304 - 57,304
<br />Delinquent Tax Increment 84,811 - 84,811
<br />Special Assessments Receivable 3,786,416 - 3,786,416
<br />Due from Other Governments 121,467 62,141 183,608
<br />Prepaid Items 13,390 68,472 81,862
<br />Property Held for Resale 1,502,900 - 1,502,900
<br />Capital Assets:
<br /> Non-Depreciable 6,629,334 113,331 6,742,665
<br /> Depreciable 22,632,564 8,853,106 31,485,670
<br /> Total Assets 48,600,559 11,134,838 59,735,397
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources - Pensions 81,255 54,504 135,759
<br />LIABILITIES
<br />Accounts and Contracts Payable 585,701 319,595 905,296
<br />Accrued Salaries and Fringes 11,747 8,153 19,900
<br />Accrued Interest Payable 107,847 - 107,847
<br />Unearned Revenue 22,940 3,540 26,480
<br />Due to Other Governmental Units 30,547 6,361 36,908
<br />Long-Term Liabilities:
<br />Net Pension Liability 586,246 393,250 979,496
<br />Due Within One Year 709,247 8,100 717,347
<br />Due in More Than One Year 9,223,025 67,198 9,290,223
<br /> Total Liabilities 11,277,300 806,197 12,083,497
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources - Pensions 71,730 48,117 119,847
<br />NET POSITION
<br />Net Investment in Capital Assets 22,521,602 8,966,437 31,488,039
<br />Restricted for:
<br />Debt Service 57,212 - 57,212
<br />Tax Increments 3,089,727 - 3,089,727
<br />Fire Equipment 209,803 - 209,803
<br />Park Acquisition 655,794 - 655,794
<br />Charitable Gambling 86,054 - 86,054
<br />Unrestricted 10,712,592 1,368,591 12,081,183
<br /> Total Net Position 37,332,784$ 10,335,028$ 47,667,812$
<br />Primary Government
<br />
|