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NOTES TO FINANCIAL STATEMENTS - Continued <br />December 31, 1981 <br />Note 4: Estimated Uncollectible Assessments <br />The bonds of the 1974 Improvement Special Assessment Fund were retired <br />in 1981 and the remaining assets were transferred to the General Fund. <br />These assets included $27,938 of delinquent assessments receivable. <br />None of the delinquent assessments were collected in 1981. Because of <br />the uncertainty of the timing of collection, these assessments do not <br />meet the revenue recognition criteria of being both measurable and <br />available. As a result, an allowance for uncollectible assessments of <br />$27,938 was established at the time of transfer to the General Fund. <br />Note 5: Due from Other Governmental Units <br />In accordance with Minnesota Statutes and Special Session Laws, <br />November and December 1981 state aid payments for homestead credit, <br />local government aid, etc., were deferred and are to be paid <br />February 26, 1982. These deferred state aid payments represent $88,030 <br />of the total due from other governmental units. <br />Note 6: Property, Plant, and Equipment <br />A summary of proprietary fund type property, plant, and equipment at <br />December 31, 1981, follows: <br />Well <br />Buildings <br />Equipment <br />Water and sewer system <br />Construction in progress <br />Total <br />Less accumulated depreciation <br />Net <br />A summary of general fixed assets and <br />Land <br />Wells <br />Buildings and improvements <br />Equipment <br />Total <br />Water and Sewer <br />Enterprise <br />$ 18,500 <br />48,690 <br />9,278 <br />791,545 <br />24,161 <br />892,174 <br />(99,735) <br />$ 792,439 <br />changes are as follows: <br />Balance <br />Beginning <br />of Year <br />$ 36,175 <br />6,216 <br />141,338 <br />195,865 <br />$ 379,594 <br />Balance <br />End <br />Additions of Year <br />$ 36,175 <br />6,216 <br />$ 31,627 172,965 <br />19,497 215,362 <br />$ 51,124 $ 430,718 <br />