|
CITY OF PEQUOT LAKES,MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> PROPRIETARY FUNDS
<br /> DECEMBER 31,2022
<br /> Water Fund Sewer Fund Totals
<br /> ASSETS
<br /> Current Assets
<br /> Cash and Cash Equivalents $ 1,053,122 $ 1,681,226 $ 2,734,348
<br /> Assessments Receivable 1,410 1,525 2,935
<br /> Accounts Receivable 52,731 88,409 141,140
<br /> Total Current Assets 1,107,263 1,771,160 2,878,423
<br /> Noncurrent Assets
<br /> Capital Assets Not Being Depreciated - 205,451 205,451
<br /> Capital Assets Being Depreciated(Net) 1,661,007 1,993,057 3,654,064
<br /> Total Noncurrent Assets 1,661,007 2,198,508 3,859,515
<br /> TOTAL ASSETS 2,768,270 3,969,668 6,737,938
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> OPEB 225 225 450
<br /> Pensions 12,521 12,521 25,042
<br /> TOTAL DEFERRED OUTFLOWS OF RESOURCES 12,746 12,746 25,492
<br /> LIABILITIES
<br /> Current Liabilities
<br /> Accounts Payable 29,864 62,632 92,496
<br /> Salaries Payable 1,442 1,442 2,884
<br /> Due to Other Governments 110 110 220
<br /> Accrued Interest 12,105 4,267 16,372
<br /> Compensated Absences Due Within One Year 865 865 1,730
<br /> Bonds Due Within One Year 94,500 29,500 124,000
<br /> Total Current Liabilities 138,886 98,816 237,702
<br /> Noncurrent Liabilities
<br /> Compensated Absences Due After One Year 961 961 1,922
<br /> Bonds Due After One Year 1,050,048 449,000 1,499,048
<br /> Net OPEB Liability 3,329 3,329 6,658
<br /> Net Pension Liability 34,565 34,565 69,130
<br /> Total Noncurrent Liabilities 1,088,903 487,855 1,576,758
<br /> TOTAL LIABILITIES 1,227,789 586,671 1,814,460
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> OPEB 2,142 2,142 4,284
<br /> Pensions 1,009 1,009 2,018
<br /> TOTAL DEFERRED INFLOWS OF RESOURCES 3,151 3,151 6,302
<br /> NET POSITION
<br /> Net Investment in Capital Assets 516,459 1,720,008 2,236,467
<br /> Unrestricted 1,033,617 1,672,584 2,706,201
<br /> TOTAL NET POSITION $ 1,550,076 $ 3)392,592 $ 4,942,668
<br /> See accompanying notes. 26
<br />
|