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CITY OF PEQUOT LAKES, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />Total
<br />Nonmajor Total
<br />General Fire Highway 371 Governmental Governmental
<br />Fund Department Project Funds Funds
<br />ASSETS
<br />Cash, Cash Equivalents, and Investments 1,504,468$ 146,741$ 4,597,669$ 431,477$ 6,680,355$
<br />Property Taxes Receivable 180,098 - 4,042 1,657 185,797
<br />Assessments Receivable 19,765 - - - 19,765
<br />Accounts Receivable 5,850 1,060 - - 6,910
<br />Due from Other Governments 456 - - - 456
<br />Accrued Interest 39 - - - 39
<br />Debt Reserve Restricted Cash - 17,475 - - 17,475
<br />Advances to Other Funds - - 876,601 - 876,601
<br />TOTAL ASSETS 1,710,676$ 165,276$ 5,478,312$ 433,134$ 7,787,398$
<br />LIABILITIES
<br />Accounts Payable 69,841$ 14,188$ -$ -$ 84,029$
<br />Accrued Salaries 33,367 - - 33,367
<br />Due to Other Governments 1,626 - - - 1,626
<br />Other Liabilities 10,085 - - - 10,085
<br />Advances from Other Funds 876,601 - - - 876,601
<br />Total Liabilities 991,520 14,188 - - 1,005,708
<br />DEFERRED INFLOWS OF RESOURCES
<br />Unavailable Revenue:
<br />Property Taxes 135,943 - - 1,005 136,948
<br />Special Assessments 19,765 - - - 19,765
<br />Total Deferred Inflows of Resources 155,708 - - 1,005 156,713
<br />FUND BALANCES
<br />Nonspendable - - 876,601 - 876,601
<br />Restricted 88,644 17,475 - 10,499 116,618
<br />Committed 378,610 133,613 4,601,711 421,630 5,535,564
<br />Unassigned 96,194 - - - 96,194
<br />Total Fund Balances 563,448 151,088 5,478,312 432,129 6,624,977
<br />TOTAL LIABILITIES, DEFERRED
<br />INFLOWS OF RESOURCES AND
<br />FUND BALANCES 1,710,676$ 165,276$ 5,478,312$ 433,134$ 7,787,398$
<br />DECEMBER 31, 2019
<br />See accompanying notes. 15
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