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CITY OF HUGO, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2015
<br />Deferred Outflows of Resources
<br />Deferred outflows from pension activity 145,730 31,474 177,204
<br />Liabilities
<br />Accounts payable
<br />Accrued interest payable
<br />Accrued expenses
<br />Due to other governmental units
<br />Unearned revenue
<br />Noncurrent liabilities:
<br />Due within one year
<br />Due in more than one year
<br />Net pension liability
<br />Total Liabilities
<br />112,479
<br />56,457
<br />29,883
<br />454,146
<br />1,009,509
<br />1,701,277
<br />7,403,414
<br />1,044,198
<br />11,811,363
<br />57,884
<br />3,111
<br />10,586
<br />1,000
<br />21,472
<br />2,744
<br />225,519
<br />322,316
<br />170,363
<br />56,457
<br />32,994
<br />464,732
<br />1,010,509
<br />1,722,749
<br />7,406,158
<br />1,269,717
<br />12,133,679
<br />Deferred Inflows of Resources
<br />Deferred inflows from pension activity 157,245 32,019 189,264
<br />Net Position
<br />Net investment in capital assets 26,217,435
<br />Restricted for:
<br />Creditors 6,190,050
<br />Regulations 379,181
<br />Unrestricted 6,209,056
<br />Total Net Position $ 38,995,722
<br />See Notes to Financial Statements
<br />15
<br />16,679,906
<br />18,934,340
<br />$ 35,614,246
<br />42,897,341
<br />6,190,050
<br />379,181
<br />25,143,396
<br />$ 74,609,968
<br />Governmental
<br />Business -Type
<br />Activities
<br />Activities
<br />Totals
<br />Assets
<br />Cash and investments
<br />$ 17,185,540
<br />$ 18,148,180
<br />$ 35,333,720
<br />Receivables (net of allowance
<br />for uncollectibles)
<br />1,423,532
<br />719,133
<br />2,142,665
<br />Deposits receivable
<br />1,500
<br />1,500
<br />Due from other governmental units
<br />2,633,503
<br />388,388
<br />3,021,891
<br />Net pension asset
<br />374,237
<br />374,237
<br />Capital assets:
<br />Nondepreciable
<br />4,628,249
<br />307,805
<br />4,936,054
<br />Depreciable, net
<br />24,573,539
<br />16,372,101
<br />40,945,640
<br />Total Assets
<br />50,818,600
<br />35,937,107
<br />86,755,707
<br />Deferred Outflows of Resources
<br />Deferred outflows from pension activity 145,730 31,474 177,204
<br />Liabilities
<br />Accounts payable
<br />Accrued interest payable
<br />Accrued expenses
<br />Due to other governmental units
<br />Unearned revenue
<br />Noncurrent liabilities:
<br />Due within one year
<br />Due in more than one year
<br />Net pension liability
<br />Total Liabilities
<br />112,479
<br />56,457
<br />29,883
<br />454,146
<br />1,009,509
<br />1,701,277
<br />7,403,414
<br />1,044,198
<br />11,811,363
<br />57,884
<br />3,111
<br />10,586
<br />1,000
<br />21,472
<br />2,744
<br />225,519
<br />322,316
<br />170,363
<br />56,457
<br />32,994
<br />464,732
<br />1,010,509
<br />1,722,749
<br />7,406,158
<br />1,269,717
<br />12,133,679
<br />Deferred Inflows of Resources
<br />Deferred inflows from pension activity 157,245 32,019 189,264
<br />Net Position
<br />Net investment in capital assets 26,217,435
<br />Restricted for:
<br />Creditors 6,190,050
<br />Regulations 379,181
<br />Unrestricted 6,209,056
<br />Total Net Position $ 38,995,722
<br />See Notes to Financial Statements
<br />15
<br />16,679,906
<br />18,934,340
<br />$ 35,614,246
<br />42,897,341
<br />6,190,050
<br />379,181
<br />25,143,396
<br />$ 74,609,968
<br />
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