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Governmental
<br />Business-Type Activities - Enterprise Funds Activities -
<br />601 602 Internal
<br />Water Sewer Totals Service Funds
<br />Liabilities
<br />Current Liabilities
<br />Accounts payable 9,607$ 3,603$ 13,210$ -$
<br />Due to other governments 88,628 57,014 145,642 -
<br />Compensated absences payable - current 22,212 22,550 44,762 -
<br />Total Current Liabilities 120,447 83,167 203,614 -
<br />Noncurrent Liabilities
<br />Compensated absences payable 25,416 25,996 51,412 -
<br />Net pension liability 203,183 205,775 408,958 -
<br />Total Noncurrent Liabilities 228,599 231,771 460,370 -
<br />Total Liabilities 349,046 314,938 663,984 -
<br />Deferred Inflows of Resources
<br />Deferred pension resources 62,182 62,976 125,158 -
<br />Deferred lease resources 1,410,049 - 1,410,049 -
<br />Total Deferred Outflows of Pension Resources 1,472,231 62,976 1,535,207 -
<br />Net Position
<br />Net investment in capital assets 3,641,726 3,709,662 7,351,388 -
<br />Unrestricted 1,141,994 1,416,079 2,558,073 33,363
<br />Total Net Position 4,783,720$ 5,125,741$ 9,909,461$ 33,363$
<br />Some amounts reported for business-type activities in the statement of net position are different
<br />because certain internal service fund assets and liabilities are included with business-type activities 17,491
<br />9,926,952$
<br />City of Little Canada, Minnesota
<br />Statement of Net Position (Continued)
<br />Proprietary Funds
<br />December 31, 2023
<br />The notes to the financial statements are an integral part of this statement.
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