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CITY OF MOUNDS VIEW
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2023
<br />Business -Type
<br />Activities - Enterprise
<br />Funds
<br />Storm
<br />Nonmajor
<br />Water
<br />Sewer
<br />Water
<br />Street Light
<br />Total
<br />Assets
<br />Current assets
<br />Cash and investments
<br />$
<br />374,239
<br />$
<br />2,307,983
<br />$
<br />2,082,104
<br />$
<br />68,321
<br />$
<br />4,832,647
<br />Receivables
<br />Accounts
<br />292,076
<br />517,566
<br />115,274
<br />28,467
<br />953,383
<br />Special assessments
<br />126,419
<br />19,123
<br />-
<br />-
<br />145,542
<br />Total current assets
<br />792,734
<br />2,844,672
<br />2,197,378
<br />96,788
<br />5,931,572
<br />Noncurrent assets
<br />Capital assets
<br />Land
<br />7,596
<br />3,255
<br />552,728
<br />-
<br />563,579
<br />Construction in progress
<br />7,291,395
<br />595,740
<br />100,676
<br />-
<br />7,987,811
<br />Buildings
<br />4,833,307
<br />12,393
<br />-
<br />-
<br />4,845,700
<br />Infrastructure
<br />4,423,376
<br />7,341,140
<br />955,576
<br />-
<br />12,720,092
<br />Equipment
<br />1,775,081
<br />726,433
<br />400,306
<br />-
<br />2,901,820
<br />Less accumulated depreciation
<br />(8,583,849)
<br />(6,095,817)
<br />(697,106)
<br />-
<br />(15,376,772)
<br />Total capital assets, net of depreciation
<br />9,746,906
<br />2,583,144
<br />1,312,180
<br />-
<br />13,642,230
<br />Total assets
<br />10,539,640
<br />5,427,816
<br />3,509,558
<br />96,788
<br />19,573,802
<br />Deferred outflows of resources
<br />Pension plan deferments - PERA
<br />75,555
<br />66,579
<br />23,420
<br />-
<br />165,554
<br />Total assets and deferred
<br />outflows of resources
<br />$
<br />10,615,195
<br />$
<br />5,494,395
<br />$
<br />3,532,978
<br />$
<br />96,788
<br />$
<br />19,739,356
<br />Current liabilities
<br />Accounts and contracts payable
<br />$
<br />172,076
<br />$
<br />521,399
<br />$
<br />52,907
<br />$
<br />8,406
<br />$
<br />754,788
<br />Accrued wages and benefits
<br />8,527
<br />6,134
<br />2,688
<br />246
<br />17,595
<br />Due to other governments
<br />170
<br />8,060
<br />-
<br />-
<br />8,230
<br />Deposits payable
<br />30,571
<br />8,000
<br />-
<br />-
<br />38,571
<br />Accrued interest payable
<br />33,218
<br />-
<br />-
<br />-
<br />33,218
<br />Bonds payable
<br />355,000
<br />-
<br />-
<br />-
<br />355,000
<br />Compensated absences payable
<br />42,960
<br />26,281
<br />10,440
<br />1,786
<br />81,467
<br />Total current liabilities
<br />642,522
<br />569,874
<br />66,035
<br />10,438
<br />1,288,869
<br />Noncurrent liabilities
<br />Bonds payable
<br />4,790,000
<br />-
<br />-
<br />-
<br />4,790,000
<br />Bond premium
<br />217,222
<br />-
<br />-
<br />-
<br />217,222
<br />Net pension liability - PERA
<br />245,228
<br />216,092
<br />76,015
<br />-
<br />537,335
<br />Compensated absences payable
<br />14,320
<br />8,760
<br />3,480
<br />595
<br />27,155
<br />Total noncurrent liabilities
<br />5,266,770
<br />224,852
<br />79,495
<br />595
<br />5,571,712
<br />Total liabilities
<br />5,909,292
<br />794,726
<br />145,530
<br />11,033
<br />6,860,581
<br />Deferred inflows of resources
<br />Pension plan deferments - PERA
<br />78,802
<br />69,439
<br />24,427
<br />-
<br />172,668
<br />Net position
<br />Net investment in capital assets
<br />4,288,159
<br />2,062,898
<br />1,266,506
<br />-
<br />7,617,563
<br />Unrestricted
<br />338,942
<br />2,567,332
<br />2,096,515
<br />85,755
<br />5,088,544
<br />Total net position
<br />4,627,101
<br />4,630,230
<br />3,363,021
<br />85,755
<br />12,706,107
<br />Total liabilities, deferred inflows
<br />of resources, and net position
<br />$
<br />10,615,195
<br />$
<br />5,494,395
<br />$
<br />3,532,978
<br />$
<br />96,788
<br />$
<br />19,739,356
<br />See notes to basic financial statements -30-
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