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Governmental Business-Type
<br />Activities Activities Total
<br />ASSETS
<br />Cash, Cash Equivalents, and Investments 6,680,355$ 2,125,964$ 8,806,319$
<br />Property Taxes Receivable 185,797 - 185,797
<br />Assessments Receivable 19,765 1,850 21,615
<br />Accounts Receivable 6,910 136,793 143,703
<br />Interest Receivable 39 - 39
<br />Due from Other Governments 456 - 456
<br />Debt Reserve Restricted Cash 17,475 - 17,475
<br />Noncurrent Assets:
<br />Capital Assets not Being Depreciated 1,808,453 156,969 1,965,422
<br />Capital Assets Being Depreciated (Net)7,091,071 2,643,032 9,734,103
<br />Net Pension Asset 480,160 - 480,160
<br />TOTAL ASSETS 16,290,481 5,064,608 21,355,089
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Pensions 490,200 2,690 492,890
<br />LIABILITIES
<br />Accounts Payable 84,029 100,785 184,814
<br />Accrued Salaries 33,367 1,656 35,023
<br />Due to Other Governments 1,626 126 1,752
<br />Accrued Interest 8,349 9,229 17,578
<br />Other Liabilities 10,085 - 10,085
<br />Noncurrent Liabilities:
<br />Compensated Absences Due Within One Year 15,820 240 16,060
<br />Compensated Absences Due After One Year 24,351 277 24,628
<br />Long-term Debt, Due Within One Year 80,504 60,351 140,855
<br />Long-term Debt, Due After One Year 405,498 791,462 1,196,960
<br />Net OPEB Liability 134,049 8,556 142,605
<br />Net Pension Liability 610,891 25,384 636,275
<br />TOTAL LIABILITIES 1,408,569 998,066 2,406,635
<br />DEFERRED INFLOWS OF RESOURCES
<br />OPEB 4,730 302 5,032
<br />Pensions 711,255 7,454 718,709
<br />TOTAL DEFERRED INFLOWS OF RESOURCES 715,985 7,756 723,741
<br />NET POSITION
<br />Net Investment in Capital Assets 8,413,522 1,948,188 10,361,710
<br />Restricted 109,274 - 109,274
<br />Unrestricted 6,133,331 2,113,288 8,246,619
<br />TOTAL NET POSITION 14,656,127$ 4,061,476$ 18,717,603$
<br />CITY OF PEQUOT LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2019
<br />See accompanying notes. 13
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