|
C]TY OF MOUNDS VIEW
<br /> Statement of Net Position
<br /> December 31,2025
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> Assets
<br /> Cash and investments $ 19,775,830 $ 1,473,775 $ 21,249,605
<br /> Receivables
<br /> Accounts 331,986 1,260,159 1,592,145
<br /> Intergovernmental 103,291 - 103,291
<br /> Delinquent taxes 166,125 - 166,125
<br /> Special assessments 101,108 181,757 282,865
<br /> Notes 92,945 - 92,945
<br /> Leases 2,003,718 - 2,003,718
<br /> Prepaids 37,847 - 37,847
<br /> Assets held for resale 879,185 - 879,185
<br /> Capital assets
<br /> Not depreciated 2,199,845 1,353,345 3,553,190
<br /> Depreciated,net of accumulated depreciation 35,341,524 15,008,528 50,350,052
<br /> Total capital assets,net of depreciation 37,541,369 16,361,873 53,903,242
<br /> Total assets 61,033,404 19,277,564 80,310,968
<br /> Deferred outflows ofresources
<br /> Pension plan deferments-PERA 2,625,660 81,581 2,707,241
<br /> OPEB plan deferments 881,047 - 881,047
<br /> Total deferred outflows ofresources 3,506,707 81,581 3,588,288
<br /> Total assets and deferred outflows ofresources $ 64,540,111 $ 19,359,145 $ 83,899,256
<br /> Liabilities
<br /> Accounts and contracts payable $ 1,155,433 $ 190,970 $ 1,346,403
<br /> Accrued wages and benefits 195,907 36,454 232,361
<br /> Due to other governments 48,044 7,031 55,075
<br /> Deposits payable 233,300 30,431 263,731
<br /> Accrued interest payable 49,321 27,259 76,580
<br /> Unearned revenue 48,525 - 48,525
<br /> Long-term liabilities
<br /> Due within one year 495,673 386,141 881,814
<br /> Due in more than one year 8,654,444 4,726,097 13,380,541
<br /> Total long-term liabilities 9,150,117 5,112,238 14,262,355
<br /> Total liabilities 10,880,647 5,404,383 16,285,030
<br /> Deferred inflows ofresources
<br /> Pension plan deferments-PERA 3,814,316 221,412 4,035,728
<br /> OPEB plan deferments 132,098 - 132,098
<br /> Lease revenue for subsequent years 2,003,718 - 2,003,718
<br /> Total deferred inflows ofresources 5,950,132 221,412 6,171,544
<br /> Net position
<br /> Net investment in capital assets 33,249,497 11,724,683 44,974,180
<br /> Restricted for
<br /> Economic development 1,513,412 - 1,513,412
<br /> Community center operations 179,125 - 179,125
<br /> Tax increment 65,641 - 65,641
<br /> Communications 222,010 - 222,010
<br /> Public safety 40,005 - 40,005
<br /> Local affordable housing aid 248,508 - 248,508
<br /> Parks and recreation 89,235 - 89,235
<br /> Conservation 24,447 - 24,447
<br /> Debt service 416,388 - 416,388
<br /> Unrestricted 11,661,064 2,008,667 13,669,731
<br /> Total net position 47,709,332 13,733,350 61,442,682
<br /> Total liabilities,deferred inflows of resources,and net position $ 64,540,111 $ 19,359,145 $ 83,899,256
<br /> See notes to basic financial statements -16-
<br />
|