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CITY OF MOUNDS VIEW
<br /> Statement of Net Position
<br /> Proprietary Funds
<br /> December 31,2025
<br /> Business-Type Activities-Enterprise Funds
<br /> Storm Nonmajor
<br /> Water Sewer Water Street Light Total
<br /> Assets
<br /> Current assets
<br /> Cash and investments $ - $ 307,362 $ 1,099,420 $ 66,993 $ 1,473,775
<br /> Receivables
<br /> Accounts 495,671 599,605 131,823 33,060 1,260,159
<br /> Special assessments 172,471 9,286 - - 181,757
<br /> Due from other funds - 1,248,181 - - 1,248,181
<br /> Total current assets 668,142 2,164,434 1,231,243 100,053 4,163,872
<br /> Noncurrent assets
<br /> Capital assets
<br /> Land 7,596 3,255 552,728 - 563,579
<br /> Construction in progress - - 789,766 - 789,766
<br /> Buildings 4,861,907 12,393 20,050 - 4,894,350
<br /> Infrastructure 11,126,274 8,903,775 1,643,982 - 21,674,031
<br /> Equipment 1,963,530 726,433 619,565 - 3,309,528
<br /> Less accumulated depreciation (7,908,702) (6,377,744) (582,935) - (14,869,381)
<br /> Total capital assets,net of depreciation 10,050,605 3,268,112 3,043,156 - 16,361,873
<br /> Total assets 10,718,747 5,432,546 4,274,399 100,053 20,525,745
<br /> Deferred outflows of resources
<br /> Pension plan deferments-PERA 37,838 26,267 17,476 - 81,581
<br /> Total assets and deferred
<br /> outflows of resources $ 10,756,585 $ 5,458,813 S 4,291,875 $ 100,053 $ 20,607,326
<br /> Current liabilities
<br /> Accounts and contracts payable $ 27,623 $ 75,736 $ 76,200 $ 11,411 $ 190,970
<br /> Accrued wages and benefits 14,041 12,714 8,970 729 36,454
<br /> Due to other governments 6,987 22 22 - 7,031
<br /> Due to other funds 1,248,181 - - - 1,248,181
<br /> Deposits payable 25,431 5,000 - - 30,431
<br /> Accrued interest payable 27,259 - - - 27,259
<br /> Bonds payable 370,000 - - - 370,000
<br /> Compensated absences payable 8,141 5,048 2,609 343 16,141
<br /> Total current liabilities 1,727,663 98,520 87,801 12,483 1,926,467
<br /> Noncurrent liabilities
<br /> Bonds payable 4,060,000 - - - 4,060,000
<br /> Bond premium 181,018 - - - 181,018
<br /> Net pension liability-PERA 157,606 109,411 72,792 - 339,809
<br /> Compensated absences payable 73,275 45,431 23,480 3,084 145,270
<br /> Total noncurrent liabilities 4,471,899 154,842 96,272 3,084 4,726,097
<br /> Total liabilities 6,199,562 253,362 184,073 15,567 6,652,564
<br /> Deferred inflows of resources
<br /> Pension plan deferments-PERA 102,692 71,290 47,430 - 221,412
<br /> Net position
<br /> Net investment in capital assets 5,439,587 3,268,112 3,016,984 - 11,724,683
<br /> Unrestricted (985,256) 1,866,049 1,043,388 84,486 2,008,667
<br /> Total net position 4,454,331 5,134,161 4,060,372 84,486 13,733,350
<br /> Total liabilities,deferred inflows
<br /> ofresources,and net position S 10,756,585 $ 5,458,813 S 4,291,875 $ 100,053 $ 20,607,326
<br /> See notes to basic financial statements -30-
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