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Business-Type Activities - Enterprise Funds Governmental
<br />Nonmajor Activities -
<br />601 602 603 Internal
<br />Water Sewer Storm Water Totals Service Funds
<br />Liabilities
<br />Current Liabilities
<br />Accounts payable 4,570$ 4,044$ 3,772$ 12,386$ 125$
<br />Due to other governments 118,107 57,385 3,026 178,518 474
<br />Unearned revenue 5,039 - - 5,039 -
<br />Compensated absences payable - current 17,142 17,142 12,547 46,831 -
<br />Total Current Liabilities 144,858 78,571 19,345 242,774 599
<br />Noncurrent Liabilities
<br />Compensated absences payable 21,022 21,022 14,940 56,984 -
<br />Net pension liability 36,773 22,794 60,270 119,837 -
<br />Total Noncurrent Liabilities 57,795 43,816 75,210 176,821 -
<br />Total Liabilities 202,653 122,387 94,555 419,595 599
<br />Deferred Inflows of Resources
<br />Deferred pension resources 55,067 47,015 38,827 140,909 -
<br />Deferred lease resources 1,317,781 - - 1,317,781 -
<br />Total Deferred Outflows of Pension Resources 1,372,848 47,015 38,827 1,458,690 -
<br />Net Position
<br />Investment in capital assets 3,508,255 3,952,662 265,930 7,726,847 -
<br />Unrestricted 1,289,730 1,471,832 40,857 2,802,419 54,794
<br />Total Net Position 4,797,985$ 5,424,494$ 306,787$ 10,529,266$ 54,794$
<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 28,187
<br />10,557,453$
<br />City of Little Canada, Minnesota
<br />Statement of Net Position (Continued)
<br />Proprietary Funds
<br />December 31, 2024
<br />The notes to the financial statements are an integral part of this statement.
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