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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 />COMBINING BALANCE SHEET (Continued) <br />NONMAJOR CAPITAL PROJECT FUNDS <br />DECEMBER 31, 2023 <br /> <br /> <br />93 <br /> Railroad <br />Crossing <br />Improvements <br />Fund <br /> Old Village <br />Phases 5 & 6 <br />Fund <br /> CSAH 15 <br />Manning Avenue <br />Phase 3 Fund <br /> Manning & <br />Highway 36 <br />Interchange Fund <br /> Tamarack Farm <br />Estates Street <br />Improvements <br />Fund <br /> CSAH 15 <br />Manning Avenue <br />& 30th Street <br />Fund <br /> TH36 Lake <br />Elmo Avenue <br />Improvements <br />Fund <br />ASSETS <br />Cash, Cash Equivalents, <br />and Investments 53,220$ -$ -$ 2,566$ 123,333$ -$ -$ <br />Assessments Receivable - - - - - - - <br />Interest Receivable 147 - - 6 308 - - <br />Due from Other Funds - - - - - - - <br />TOTAL ASSETS 53,367$ -$ -$ 2,572$ 123,641$ -$ -$ <br />LIABILITIES <br />Accounts Payable 14,070$ 5,124$ -$ -$ 200$ -$ 350$ <br />Construction Contracts Payable - - - - - - - <br />Due to Other Funds - 252,849 3,525 - - 14,512 5,499 <br />Unearned Revenue - - - - - - - <br />Total Liabilities 14,070 257,973 3,525 - 200 14,512 5,849 <br />DEFERRED INFLOWS OF <br />RESOURCES <br />Unavailable Revenue: <br />Special Assessments - - - - - - - <br />FUND BALANCES <br />Restricted - - - - 123,441 - - <br />Assigned 39,297 - - 2,572 - - - <br />Unassigned - (257,973) (3,525) - - (14,512) (5,849) <br />Total Fund Balance 39,297 (257,973) (3,525) 2,572 123,441 (14,512) (5,849) <br />TOTAL LIABILITIES, DEFERRED <br />INFLOWS OF RESOURCES, <br />AND FUND BALANCES 53,367$ -$ -$ 2,572$ 123,641$ -$ -$
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