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CITY OF PEQUOT LAKES,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31,2018
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Cash,Cash Equivalents and Investments $ 6,496,041 $ 1,872,910 $ 8,368,951
<br /> Property Taxes Receivable 136,693 - 136,693
<br /> Assessments Receivable 19,765 1,766 21,531
<br /> Accounts Receivable 4,587 139,046 143,633
<br /> Interest Receivable 39 - 39
<br /> Due from Other Governments 487 - 487
<br /> Debt Reserve Restricted Cash 14,436 - 14,436
<br /> Land Held For Resale 46,982 - 46,982
<br /> Noncurrent Assets:
<br /> Capital Assets not Being Depreciated 2,552,816 181,539 2,734,355
<br /> Capital Assets Being Depreciated(Net) 6,550,517 2,661,353 9,211,870
<br /> Net Pension Asset 483,953 - 483,953
<br /> TOTAL ASSETS 16,306,316 4,856,614 21,162,930
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Pensions 612,929 5,572 618,501
<br /> LIABILITIES
<br /> Accounts Payable 88,571 148,973 237,544
<br /> Accrued Salaries 29,725 1,402 31,127
<br /> Due to Other Governments 1,357 108 1,465
<br /> Accrued Interest 9,705 9,554 19,259
<br /> Other Liabilities 11,222 - 11,222
<br /> Noncurrent Liabilities:
<br /> Long-term Debt, Due Within One Year 117,876 60,638 178,514
<br /> Long-term Debt,Due After One Year 485,634 852,304 1,337,938
<br /> Compensated Absences Due Within One Year 18,613 273 18,886
<br /> Compensated Absences Due After One Year 27,480 315 27,795
<br /> Net OPEB Liability 110,904 7,078 117,982
<br /> Net Pension Liability 613,091 29,068 642,159
<br /> TOTAL LIABILITIES 1,514,178 1,109,713 2,623,891
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Pensions 913,804 8,318 922,122
<br /> NET POSITION
<br /> Net Investment in Capital Assets 8,499,823 1,929,950 ]0,429,773
<br /> Restricted 126,453 - 126,453
<br /> Unrestricted 5,864,987 1,814,205 7,679,192
<br /> TOTAL NET POSITION $ 14,491,263 $ 3,744,155 $ 18,235,418
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