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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2017
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(27)
<br />
<br />Governmental Business-Type
<br />Activities Activities Total
<br />ASSETS
<br />Cash and Investments 13,763,136$ 1,255,307$ 15,018,443$
<br />Cash and Investments Held by Trustee 1,263 - 1,263
<br />Accrued Interest Receivable 32,646 - 32,646
<br />Accounts Receivable 302,764 811,654 1,114,418
<br />Property Taxes Receivable:
<br />Delinquent 80,561 - 80,561
<br />Due from County 84,361 - 84,361
<br />Delinquent Tax Increment (225,193) - (225,193)
<br />Special Assessments Receivable 3,662,516 - 3,662,516
<br />Due from Other Governments 175,981 59,354 235,335
<br />Prepaid Items 13,269 75,753 89,022
<br />Property Held for Resale 1,518,079 - 1,518,079
<br />Capital Assets:
<br />Non-Depreciable 12,402,331 113,331 12,515,662
<br />Depreciable 22,224,428 8,370,981 30,595,409
<br />Total Assets 54,036,142 10,686,380 64,722,522
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources - Pensions 155,690 109,058 264,748
<br />LIABILITIES
<br />Accounts and Contracts Payable 360,683 111,634 472,317
<br />Accrued Salaries and Fringes 20,976 - 20,976
<br />Accrued Interest Payable 81,070 - 81,070
<br />Deposits 6,283 - 6,283
<br />Unearned Revenue 7,379 - 7,379
<br />Due to Other Governmental Units 22,418 5,333 27,751
<br />Long-Term Liabilities:
<br />Net Pension Liability 634,458 444,428 1,078,886
<br />Other Due Within One Year 646,056 4,863 650,919
<br />Other Due in More Than One Year 6,345,785 75,971 6,421,756
<br />Total Liabilities 8,125,108 642,229 8,767,337
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources - Pensions 155,639 109,022 264,661
<br />NET POSITION
<br />Net Investment in Capital Assets 29,029,105 8,484,312 37,513,417
<br />Restricted for:
<br />Debt Service 60,218 - 60,218
<br />Tax Increments 3,987,214 - 3,987,214
<br />Fire Equipment 267,803 - 267,803
<br />Park Acquisition 817,919 - 817,919
<br />Charitable Gambling 114,421 - 114,421
<br />Unrestricted 11,634,405 1,559,875 13,194,280
<br />Total Net Position 45,911,085$ 10,044,187$ 55,955,272$
<br />Primary Government
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