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CITY OF HUGO, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTALFUNDS
<br />December 31, 2016
<br />Liabilities, Deferred Inflows of
<br />Debt Service
<br />Capital Project
<br />Resources, and Fund Balance
<br />395,899
<br />Fund
<br />Fund
<br />1,864, 591
<br />1,864,591
<br />Liabilities
<br />4,337,086 4,404,412 74,134
<br />General
<br />Property and
<br />Other
<br />2,603,086
<br />Accounts payable
<br />$ 117,045
<br />Obligation
<br />Public Equipment
<br />Governmental
<br />$ 218,343
<br />Unearned revenue
<br />General
<br />Bonds
<br />Improvements Acquisition
<br />Funds
<br />Total
<br />Assets
<br />36,993
<br />36,993
<br />Cash and investments
<br />$ 4,135,672
<br />$ 2,845,511
<br />$ 4,430,802 $4,402,154
<br />$2,334,980
<br />$ 18,149,119
<br />Receivables (Net of Allowance for
<br />1,612,995
<br />98,110
<br />2,315 2,773
<br />1,716,193
<br />Uncollectibles)
<br />Accounts
<br />15,067
<br />15,067
<br />Accrued interest
<br />3,956
<br />2,389
<br />4,394 4,573
<br />2,417
<br />17,729
<br />Taxes
<br />59,125
<br />10,369
<br />5,554
<br />1,440
<br />76,488
<br />Special assessments
<br />555,967
<br />587,755
<br />1,143,722
<br />Due from other governmental units
<br />61,386
<br />1,970,000
<br />593,309
<br />1,440
<br />2,031,386
<br />TOTAL ASSETS
<br />$ 4,275,206
<br />$ 5,384,236
<br />$ 5,028,505 $4,406,727
<br />$2,338,837
<br />$21,433,511
<br />Liabilities, Deferred Inflows of
<br />Fund Balance
<br />Resources, and Fund Balance
<br />395,899
<br />3,243,799
<br />Committed
<br />1,864, 591
<br />1,864,591
<br />Liabilities
<br />4,337,086 4,404,412 74,134
<br />8,815,632
<br />Unassigned 2,603,086
<br />2,603,086
<br />Accounts payable
<br />$ 117,045
<br />$ $
<br />98,110 $
<br />415 $ 2,773
<br />$ 218,343
<br />Unearned revenue
<br />1,000,769
<br />$ 21,433,511
<br />1,900
<br />1,002,669
<br />Salaries payable
<br />36,993
<br />36,993
<br />Due to other governmental units
<br />458,188
<br />458,188
<br />Total Liabilities
<br />1,612,995
<br />98,110
<br />2,315 2,773
<br />1,716,193
<br />Deferred Inflows of Resources
<br />Unavailable revenue:
<br />Property taxes
<br />59,125
<br />10,369
<br />5,554
<br />1,440
<br />76,488
<br />Special assessments
<br />555,967
<br />587,755
<br />1,143,722
<br />Due from other governmental units
<br />1,970,000
<br />1,970,000
<br />Total Deferred Inflows of Resources
<br />59,125
<br />2,536,336
<br />593,309
<br />1,440
<br />3,190,210
<br />Fund Balance
<br />Fund Balance
<br />Restricted 2,847,900
<br />395,899
<br />3,243,799
<br />Committed
<br />1,864, 591
<br />1,864,591
<br />Assigned
<br />4,337,086 4,404,412 74,134
<br />8,815,632
<br />Unassigned 2,603,086
<br />2,603,086
<br />Total Fund Balance 2,603,086 2,847,900
<br />4,337,086 4,404,412 2,334,624
<br />16,527,108
<br />TOTAL LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND FUND BALANCE $ 4,275,206 $ 5,384,236
<br />$ 5,028,505 $4,406,727 $2,338,837
<br />$ 21,433,511
<br />See Notes to Financial Statements
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