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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