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#13 - Audit Presentation
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#13 - Audit Presentation
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8/21/2025 2:49:20 PM
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CITY OF LAKE ELMO, MINNESOTA <br />BALANCE SHEET (Continued) <br />GOVERNMENTAL FUNDS <br />DECEMBER 31, 2023 <br /> <br /> <br />See accompanying notes. 29 <br /> <br /> <br /> <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 />FUND BALANCES <br />Restricted -$ 5,026,712$ -$ 287,830$ 3,154,339$ 8,468,881$ <br />Committed - - - - 20,334 20,334 <br />Assigned - - 1,448,996 - 2,319,618 3,768,614 <br />Unassigned 8,920,580 - - - (492,973) 8,427,607 <br />Total Fund Balances 8,920,580 5,026,712 1,448,996 287,830 5,001,318 20,685,436 <br />TOTAL LIABILITIES, DEFERRED <br />INFLOWS OF RESOURCES, <br />AND FUND BALANCES 14,124,007$ 8,616,304$ 2,054,547$ 396,180$ 5,935,403$ 31,126,441$ <br />Capital Project Funds
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