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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2018
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(25)
<br />
<br />Governmental Business-Type
<br />Activities Activities Total
<br />ASSETS
<br />Cash and Investments 13,667,774$ 1,482,596$ 15,150,370$
<br />Cash and Investments Held by Trustee 1,263 - 1,263
<br />Accrued Interest Receivable 35,567 - 35,567
<br />Accounts Receivable 369,226 769,510 1,138,736
<br />Property Taxes Receivable:
<br />Delinquent 66,936 - 66,936
<br />Due from County 128,365 - 128,365
<br />Special Assessments Receivable 3,203,104 - 3,203,104
<br />Due from Other Governments 202,096 57,829 259,925
<br />Prepaid Items 11,209 69,666 80,875
<br />Notes Receivable 600,000 - 600,000
<br />Property Held for Resale 417,155 - 417,155
<br />Capital Assets:
<br />Nondepreciable 6,823,788 113,331 6,937,119
<br />Depreciable 22,640,005 7,996,648 30,636,653
<br />Total Assets 48,166,488 10,489,580 58,656,068
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources - Pensions 94,360 77,924 172,284
<br />LIABILITIES
<br />Accounts and Contracts Payable 797,961 116,927 914,888
<br />Accrued Salaries and Fringes 34,405 - 34,405
<br />Accrued Interest Payable 50,392 - 50,392
<br />Deposits 3,877 - 3,877
<br />Unearned Revenue 6,821 - 6,821
<br />Due to Other Governmental Units 82,306 4,739 87,045
<br />Long-Term Liabilities:
<br />Net Pension Liability 522,609 431,576 954,185
<br />Other Due Within One Year 526,471 5,306 531,777
<br />Other Due in More Than One Year 4,612,763 55,274 4,668,037
<br />Total Liabilities 6,637,605 613,822 7,251,427
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources - Pensions 147,878 122,119 269,997
<br />NET POSITION
<br />Net Investment in Capital Assets 25,481,497 8,109,979 33,591,476
<br />Restricted for:
<br />Debt Service 78,563 - 78,563
<br />Tax Increments 3,347,659 - 3,347,659
<br />Fire Equipment 281,329 - 281,329
<br />Park Acquisition 876,459 - 876,459
<br />Charitable Gambling 38,295 - 38,295
<br />Unrestricted 11,371,563 1,721,584 13,093,147
<br />Total Net Position 41,475,365$ 9,831,563$ 51,306,928$
<br />Primary Government
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