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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2022
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<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 17,350,662$ 2,085,299$ 19,435,961$
<br />Accrued Interest Receivable 39,595 - 39,595
<br />Accounts Receivable 827,330 890,645 1,717,975
<br />Lease Receivable - 1,557,028 1,557,028
<br />Property Taxes Receivable:
<br />Delinquent 68,376 - 68,376
<br />Due from County 13,477 - 13,477
<br />Special Assessments Receivable 2,081,963 - 2,081,963
<br />Internal Balances (22,508) 22,508 -
<br />Due from Other Governments 334,548 48,131 382,679
<br />Prepaid Items 709,142 113,806 822,948
<br />Property Held for Resale 703,815 - 703,815
<br />Capital Assets:
<br />Nondepreciable 4,291,595 107,973 4,399,568
<br />Depreciable, Net 26,714,463 7,488,318 34,202,781
<br />Total Assets 53,112,458 12,313,708 65,426,166
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources - Pensions 316,342 189,160 505,502
<br />LIABILITIES
<br />Accounts and Contracts Payable 471,082 62,369 533,451
<br />Accrued Salaries and Fringes 17,381 - 17,381
<br />Accrued Interest Payable 34,914 - 34,914
<br />Deposits 94,214 - 94,214
<br />Unearned Revenue 645,246 - 645,246
<br />Due to Other Governmental Units 39,669 79,820 119,489
<br />Long-Term Liabilities:
<br />Net Pension Liability 921,882 551,245 1,473,127
<br />Other Due Within One Year 372,723 35,080 407,803
<br />Other Due in More Than One Year 2,598,571 49,500 2,648,071
<br />Total Liabilities 5,195,682 778,014 5,973,696
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources - Pensions 13,597 8,131 21,728
<br />Deferred Inflows of Resources - Leases - 1,502,318 1,502,318
<br />Total Deferred Inflows of Resources 13,597 1,510,449 1,524,046
<br />NET POSITION
<br />Net Investment in Capital Assets 27,802,478 7,596,291 35,398,769
<br />Restricted for:
<br />Debt Service 535,035 - 535,035
<br />Tax Increments 1,297,781 - 1,297,781
<br />Fire Equipment 496,573 - 496,573
<br />Park Acquisition 970,931 - 970,931
<br />Capital Projects 1,669,994 - 1,669,994
<br />Charitable Gambling 163,059 - 163,059
<br />Unrestricted 15,283,670 2,618,114 17,901,784
<br />Total Net Position 48,219,521$ 10,214,405$ 58,433,926$
<br />Primary Government
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