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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2017
<br />WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2016
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(35)
<br />
<br />Water Sewer 2016
<br />(601)(602/603)Totals Totals
<br />ASSETS AND DEFERRED OUTFLOWS
<br />OF RESOURCES
<br />CURRENT ASSETS
<br />Cash and Cash Equivalents 486,933$ 768,374$ 1,255,307$ 1,191,344$
<br />Receivables:
<br />General Customers 371,064 431,424 802,488 715,186
<br />Other 5,415 3,751 9,166 14,962
<br />Due from Other Governmental Units:
<br />Certified to County 32,377 26,977 59,354 55,932
<br />Other Assets 2,151 73,602 75,753 73,429
<br />Total Current Assets 897,940 1,304,128 2,202,068 2,050,853
<br />CAPITAL ASSETS
<br />Permanent Easements - 103,301 103,301 103,301
<br />Construction 3,965 6,065 10,030 10,030
<br />Equipment 470,641 228,833 699,474 909,675
<br />Mains and Systems 10,833,662 7,675,069 18,508,731 18,427,425
<br />Total 11,308,268 8,013,268 19,321,536 19,450,431
<br />Less: Accumulated Depreciation (6,405,428) (4,431,796) (10,837,224) (10,849,573)
<br />Net Capital Assets 4,902,840 3,581,472 8,484,312 8,600,858
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows - Pensions 53,853 55,205 109,058 199,119
<br />Total Assets and Deferred Outflows of Resources 5,854,633$ 4,940,805$ 10,795,438$ 10,850,830$
<br />LIABILITIES, DEFERRED INFLOWS
<br />OF RESOURCES, AND NET POSITION
<br />CURRENT LIABILITIES
<br />Accounts Payable 74,472$ 37,162$ 111,634$ 133,404$
<br />Due to Other Governmental Units 5,333 - 5,333 7,227
<br />Compensated Absences Payable 2,396 2,467 4,863 -
<br />Total Current Liabilities 82,201 39,629 121,830 140,631
<br />NONCURRENT LIABILITIES
<br />Compensated Absences Payable 37,426 38,545 75,971 79,746
<br />Net Pension Liability 219,460 224,968 444,428 481,730
<br />Total Noncurrent Liabilities 256,886 263,513 520,399 561,476
<br />Total Liabilities 339,087 303,142 642,229 702,107
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows - Pensions 53,835 55,187 109,022 69,822
<br />NET POSITION
<br />Net Investment in Capital Assets 4,902,840 3,581,472 8,484,312 8,600,858
<br />Unrestricted 558,871 1,001,004 1,559,875 1,478,043
<br />Total Net Position 5,461,711 4,582,476 10,044,187 10,078,901
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Net Position 5,854,633$ 4,940,805$ 10,795,438$ 10,850,830$
<br />Business-Type Activities
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