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City of Lake Elmo
<br />Year End: December 31, 2024
<br />Journal Entries: Reclassifying
<br />Date: 1/1/2024 To 12/31/2024
<br />Number Date Name Account No Reference Annotation Debit Credit Recurrence Misstatement
<br />To record current year capital Recurring
<br />asset additions and capitalized CIP
<br />203 12/31/2024 Machinery and Equipment SW-000-0000-16100 G34G 5512 723,265.00
<br />203 12/31/2024 Accumulated Depr. - Machinery and Equipment SW-000-0000-16110 G34G 5512 716,812.00
<br />203 12/31/2024 Sale of Capital Assets SW-000-0000-39101 G34G 5512 5,000.00
<br />203 12/31/2024 Sale of Capital Assets SW-000-0000-39101 G34G 5512 6,453.00
<br />203 12/31/2024 Capital Outlay - Public Safety (Fire)SW-000-0000-42200 G34G 5512 5,000.00
<br />To record current year capital Recurring
<br />asset disposals, and gain on disposal of SCBA Fill Station.
<br />204 12/31/2024 Compensated Absences - Current SW-000-0000-21601 G34G 1005 82,586.00
<br />204 12/31/2024 Compensated Absences - Noncurrent SW-000-0000-23900 G34G 1005 27,529.00
<br />204 12/31/2024 Fund Balance SW-000-0000-25300 G34G 1005 110,115.00
<br />To record BOY GW compensated Recurring
<br />absences balances.
<br />205 12/31/2024 Compensated Absences - Current SW-000-0000-21601 G34G 6211 60,812.00
<br />205 12/31/2024 Compensated Absences - Noncurrent SW-000-0000-23900 G34G 6211 20,270.00
<br />205 12/31/2024 Comp Abs Expense -Admin SW-000-0000-41500 G34G 6211 6,889.00
<br />205 12/31/2024 Comp Abs Expense -Admin SW-000-0000-41500 G34G 6211 9,271.00
<br />205 12/31/2024 Comp Abs - Fire SW-000-0000-41940 G34G 6211 31,794.00
<br />205 12/31/2024 Comp Abs - Finance SW-000-0000-42300 G34G 6211 5,241.00
<br />205 12/31/2024 Comp Abs - P&Z SW-000-0000-42400 G34G 6211 5,431.00
<br />205 12/31/2024 Comp Abs - Streets SW-000-0000-43100 G34G 6211 16,965.00
<br />205 12/31/2024 Comp Abs - Parks SW-000-0000-45200 G34G 6211 5,491.00
<br />To adjust GW compensated absenses Recurring
<br />to client prepared schedule.
<br />206 12/31/2024 Accumulated Depr. - Machinery and Equipment SW-000-0000-16110 G34G 5512 565,839.00
<br />206 12/31/2024 Accumulated Depr. - Buildings SW-000-0000-16210 G34G 5512 90,166.00
<br />206 12/31/2024 Accumulated Depr. - Other Improvements SW-000-0000-16310 G34G 5512 136,441.00
<br />206 12/31/2024 Accumulated Depr. - Infrastructure SW-000-0000-16410 G34G 5512 3,369,040.00
<br />206 12/31/2024 Depreciation Expense - General Government SW-000-0000-41100 G34G 5512 18,899.00
<br />206 12/31/2024 Depreciation Expense - Public Safety SW-000-0000-42100 G34G 5512 205,720.00
<br />206 12/31/2024 Depreciation Expense - Public Works SW-000-0000-43110 G34G 5512 3,785,497.00
<br />206 12/31/2024 Dpreciation Expense - Culture and Recreation SW-000-0000-45100 G34G 5512 151,370.00
<br />To record current year depreciation Recurring
<br />207 12/31/2024 Construction in Progress SW-000-0000-16900 G34G 5515 5,350,199.00
<br />207 12/31/2024 Capital Outlay - General Government SW-000-0000-41000 G34G 5515 47,060.00
<br />207 12/31/2024 Capital Outlay - Public Safety (Fire)SW-000-0000-42200 G34G 5515 47,060.00
<br />207 12/31/2024 Capital Outlay - Public Works SW-000-0000-43000 G34G 5515 5,256,079.00
<br />To record current year CIP Recurring
<br />additions
<br />208 12/31/2024 Net Pension Asset - Fire SW-000-0000-17000 G34G 6354 GOV LEA 565,242.00
<br />208 12/31/2024 Deferred Outflows - Pension SW-000-0000-19000 G34G 6354 GOV LEA 967,889.00
<br />208 12/31/2024 Deferred Outflows - Fire SW-000-0000-19100 G34G 6354 GOV LEA 132,968.00
<br />208 12/31/2024 Net Pension Liability - Pension SW-000-0000-23950 G34G 6354 GOV LEA 1,238,795.00
<br />208 12/31/2024 Deferred Inflows - Pension SW-000-0000-23960 G34G 6354 GOV LEA 962,106.00
<br />208 12/31/2024 Deferred Inflows - Fire SW-000-0000-23970 G34G 6354 GOV LEA 185,332.00
<br />208 12/31/2024 Fund Balance SW-000-0000-25300 G34G 6354 GOV LEA 720,134.00
<br />To record BOY GW pension balances.Recurring
<br />209 12/31/2024 Deferred Outflows - Pension SW-000-0000-19000 G34G 6354A 112,006.00
<br />209 12/31/2024 Net Pension Liability - Pension SW-000-0000-23950 G34G 6354A 18,724.00
<br />209 12/31/2024 Deferred Inflows - Pension SW-000-0000-23960 G34G 6354A 147,674.00
<br />209 12/31/2024 PERA Pension Revenue SW-000-0000-33422 G34G 6354A 44,774.00
<br />209 12/31/2024 Pension Expense - General Govt SW-000-1320-44910 G34G 6354A 7,246.00
<br />209 12/31/2024 Pension Expense - PEPFF SW-000-2100-44910 G34G 6354A 42,460.00
<br />209 12/31/2024 Pension Expense - Public Safety SW-000-2400-44910 G34G 6354A 5,394.00
<br />6/23/2025
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