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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