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CITY OF HUGO, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTALFUNDS
<br />December 31, 2015
<br />Liabilities, Deferred Inflows of
<br />Debt Service
<br />Capital Project
<br />Resources, and Fund Balance
<br />379,181
<br />Fund
<br />Fund
<br />1,814,672
<br />1,814,672
<br />Liabilities
<br />3,569,436 4,488,691 61,761
<br />General
<br />Property and
<br />Other
<br />2,422,714
<br />Accounts payable
<br />$ 101,425
<br />Obligation
<br />Public Equipment
<br />Governmental
<br />$ 112,479
<br />Unearned revenue
<br />General
<br />Bonds
<br />Improvements Acquisition
<br />Funds
<br />Total
<br />Assets
<br />29,883
<br />29,883
<br />Cash and investments
<br />$ 3,944,268
<br />$ 3,098,443
<br />$ 3,401,552 $4,486,723
<br />$2,254,554
<br />$ 17,185,540
<br />Receivables (Net of Allowance for
<br />1,594,963
<br />10,882
<br />172
<br />1,606,017
<br />Uncollectibles)
<br />Accounts
<br />12,536
<br />12,536
<br />Accrued interest
<br />1,822
<br />1,240
<br />1,814 2,140
<br />1,060
<br />8,076
<br />Taxes
<br />92,258
<br />18,418
<br />7,440 1,935
<br />2,319
<br />122,370
<br />Special assessments
<br />674,449
<br />606,101
<br />1,280,550
<br />Due from other governmental units
<br />59,051
<br />2,397,500
<br />176,952
<br />1,935
<br />2,633,503
<br />TOTAL ASSETS
<br />$ 4,109,935
<br />$ 6,190,050
<br />$ 4,193,859 $4,490,798
<br />$2,257,933
<br />$21,242,575
<br />Liabilities, Deferred Inflows of
<br />Fund Balance
<br />Resources, and Fund Balance
<br />379,181
<br />3,478,864
<br />Committed
<br />1,814,672
<br />1,814,672
<br />Liabilities
<br />3,569,436 4,488,691 61,761
<br />8,119,888
<br />Unassigned 2,422,714
<br />2,422,714
<br />Accounts payable
<br />$ 101,425
<br />$ $
<br />10,882 $
<br />172 $
<br />$ 112,479
<br />Unearned revenue
<br />1,009,509
<br />$ 21,242,575
<br />1,009,509
<br />Salaries payable
<br />29,883
<br />29,883
<br />Due to other governmental units
<br />454,146
<br />454,146
<br />Total Liabilities
<br />1,594,963
<br />10,882
<br />172
<br />1,606,017
<br />Deferred Inflows of Resources
<br />Unavailable revenue:
<br />Property taxes
<br />92,258
<br />18,418
<br />7,440
<br />1,935
<br />2,319 122,370
<br />Special assessments
<br />674,449
<br />606,101
<br />1,280,550
<br />Due from other governmental units
<br />2,397,500
<br />2,397,500
<br />Total Deferred Inflows of Resources
<br />92,258
<br />3,090,367
<br />613,541
<br />1,935
<br />2,319 3,800,420
<br />Fund Balance
<br />Fund Balance
<br />Restricted 3,099,683
<br />379,181
<br />3,478,864
<br />Committed
<br />1,814,672
<br />1,814,672
<br />Assigned
<br />3,569,436 4,488,691 61,761
<br />8,119,888
<br />Unassigned 2,422,714
<br />2,422,714
<br />Total Fund Balance 2,422,714 3,099,683
<br />3,569,436 4,488,691 2,255,614
<br />15,836,138
<br />TOTAL LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE $ 4,109,935 $ 6,190,050
<br />$ 4,193,859 $4,490,798 $2,257,933
<br />$ 21,242,575
<br />See Notes to Financial Statements
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