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Water Sewer
<br />Fund Fund Totals
<br />ASSETS
<br />Current Assets
<br />Cash and Cash Equivalents 860,247$ 1,265,717$ 2,125,964$
<br />Assessments Receivable 925 925 1,850
<br />Accounts Receivable 50,034 86,759 136,793
<br />Total Current Assets 911,206 1,353,401 2,264,607
<br />Noncurrent Assets
<br />Capital Assets Not Depreciated - 156,969 156,969
<br />Capital Assets Being Depreciated (Net)1,178,210 1,464,822 2,643,032
<br />Total Noncurrent Assets 1,178,210 1,621,791 2,800,001
<br />TOTAL ASSETS 2,089,416 2,975,192 5,064,608
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Pensions 1,345 1,345 2,690
<br />LIABILITIES
<br />Current Liabilities
<br />Accounts Payable 36,543 64,242 100,785
<br />Accrued Salaries 828 828 1,656
<br />Due to Other Governments 63 63 126
<br />Accrued Interest 9,229 - 9,229
<br />Compensated Absences 120 120 240
<br />Capital Lease Payable Due Within One Year 156 195 351
<br />Bonds Due Within One Year 60,000 - 60,000
<br />Total Current Liabilities 106,939 65,448 172,387
<br />Noncurrent Liabilities
<br />Compensated Absences Due After One Year 138 139 277
<br />Bonds Due After One Year 791,462 - 791,462
<br />Net OPEB Liability 4,278 4,278 8,556
<br />Net Pension Liability 12,692 12,692 25,384
<br />Total Noncurrent Liabilities 808,570 17,109 825,679
<br />TOTAL LIABILITIES 915,509 82,557 998,066
<br />DEFERRED INFLOWS OF RESOURCES
<br />OPEB 151 151 302
<br />Pensions 3,727 3,727 7,454
<br />Total Deferred Outflows of Resources 3,878 3,878 7,756
<br />NET POSITION
<br />Net Investment in Capital Assets 326,592 1,621,596 1,948,188
<br />Unrestricted 844,782 1,268,506 2,113,288
<br />TOTAL NET POSITION 1,171,374$ 2,890,102$ 4,061,476$
<br />CITY OF PEQUOT LAKES, MINNESOTA
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2019
<br />STATEMENT OF NET POSITION
<br />See accompanying notes. 19
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