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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2018 <br />NOTE 3 DETAILED NOTES ON ACCOUNTS (CONTINUED) <br />Operating Lease (Continued) <br />The Organization paid $20,106 and 20,362 for rent and other office expenses in 2018 and <br />2017, respectively. The Organization's future obligations for rent and office expenses under <br />their new lease are as follows: <br />Year Ending December 31, Amount <br />2019 $ 21,780 <br />2020 22,200 <br />Total $ 43,980 <br />Unearned Revenue <br />The General Fund reports unearned revenue in connection with receivables for revenues <br />that have been received, but not yet earned. At the end of the current fiscal year, the various <br />components of unearned revenue reported were as follows: <br />Uneamed <br />Special Assessments Receivable $ 830,878 <br />Changes in Long -Term Liabilities <br />Long-term liability activity for the year ended December 31, 2018 was as follows: <br />Beginning Ending Current <br />Balance Increases Decreases Balance Portion <br />Governmental Activities <br />Compensated Absences Payable $ 42,090 $ 28,138 $ (26,227) $ 44,001 $ 11,000 <br />Govemment-Type Activity <br />Long -Term Liabilities $ 42,090 $ 28,138 $ (26,227) $ 44,001 $ 11,000 <br />(33) <br />