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CITY OF LAKE ELMO, MINNESOTA
<br />NET POSITION BY COMPONENT
<br />LAST TEN YEARS
<br />
<br />
<br />107
<br />2024 2023 2022 2021 2020
<br />Governmental Activities:
<br />Net Investment in Capital Assets 71,683,376$ 54,209,637$ 39,647,112$ 34,784,806$ 29,694,288$
<br />Restricted 15,985,561 11,658,502 12,475,169 10,249,092 8,171,161
<br />Unrestricted 9,689,656 12,156,284 14,362,912 12,101,304 5,284,397
<br />Total Governmental Activities Net Position 97,358,593$ 78,024,423$ 66,485,193$ 57,135,202$ 43,149,846$
<br />Business-Type Activities:
<br />Net Investment in Capital Assets 82,708,847$ 69,826,808$ 59,998,083$ 53,867,479$ 44,371,375$
<br />Restricted - - - - -
<br />Unrestricted 22,960,076 22,844,327 24,515,239 19,888,783 18,578,807
<br />Total Business-Type Activities Net Position 105,668,923$ 92,671,135$ 84,513,322$ 73,756,262$ 62,950,182$
<br />Primary Government:
<br />Net Investment in Capital Assets 154,392,223$ 124,036,445$ 99,645,195$ 88,652,285$ 74,065,663$
<br />Restricted 15,985,561 11,658,502 12,475,169 10,249,092 8,171,161
<br />Unrestricted 32,649,732 35,000,611 38,878,151 31,990,087 23,863,204
<br />Total Primary Government Net Position 203,027,516$ 170,695,558$ 150,998,515$ 130,891,464$ 106,100,028$
<br />GASB 68 was implemented in 2015. Net position was restated for 2014 to reflect the reporting of net pension liability
<br />and pension related deferred outflows of resources. Net position for years prior to 2014 was not restated.
<br />GASB 75 was implemented in 2018. Net position was restated for 2017 to reflect the reporting of the OPEB liability
<br />and OPEB related deferred inflows of resources. Net position for years prior to 2017 was not restated.
<br />GASB 87 was implemented in 2022. Net position for years prior to 2022 was not restated.
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