|
CITY OF LAKE ELMO, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />DECEMBER 31, 2023
<br />
<br />
<br />See accompanying notes. 28
<br />
<br /> General Fund
<br /> Debt Service
<br />Fund
<br /> City Hall / Fire
<br />Station Bldg
<br />Project Fund
<br /> 2023 Street
<br />Improvements
<br />Fund
<br /> Total Nonmajor
<br />Governmental
<br />Funds
<br /> Total
<br />Governmental
<br />Funds
<br />ASSETS
<br />Cash, Cash Equivalents, and Investments 12,190,097$ 5,011,444$ 2,044,541$ 395,053$ 5,448,974$ 25,090,109$
<br />Property Taxes Receivable 103,590 - - - - 103,590
<br />Assessments Receivable 66,113 3,596,335 - - 20,549 3,682,997
<br />Accounts Receivable 857 - - - - 857
<br />Interest Receivable 26,324 8,525 10,006 1,127 15,986 61,968
<br />Due from Other Governments 120,246 - - - - 120,246
<br />Due from Other Funds - - - - 449,894 449,894
<br />Leases Receivable 1,616,780 - - - - 1,616,780
<br />TOTAL ASSETS 14,124,007$ 8,616,304$ 2,054,547$ 396,180$ 5,935,403$ 31,126,441$
<br />LIABILITIES
<br />Accounts Payable 775,749$ -$ 16,511$ 38,351$ 122,588$ 953,199$
<br />Salaries Payable 82,494 - - - - 82,494
<br />Payroll Deductions and
<br />Employer Contributions 52,653 - - - - 52,653
<br />Construction Contracts Payable - - 589,040 69,999 37,565 696,604
<br />Deposits Payable 2,380,136 - - - - 2,380,136
<br />Due to Other Governments 117,613 - - - - 117,613
<br />Due to Other Funds - - - - 449,894 449,894
<br />Unearned Revenue 136,600 - - - 303,489 440,089
<br />Total Liabilities 3,545,245 - 605,551 108,350 913,536 5,172,682
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue:
<br />Property Taxes 52,486 - - - - 52,486
<br />Special Assessments 66,113 3,589,592 - - 20,549 3,676,254
<br />Leases 1,539,583 - - - - 1,539,583
<br />Total Deferred Inflows of Resources 1,658,182 3,589,592 - - 20,549 5,268,323
<br />Capital Project Funds
|