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CITY OF PEQUOT LAKES, MINNESOTA
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> YEAR ENDED DECEMBER 31, 2014
<br /> FINANCIAL ANALYSIS OF THE CITY AS A WHOLE
<br /> Net Position
<br /> The City's total net positions were $10,727,451 on December 31, 2014 (see Table A-1).
<br /> Table A-1
<br /> The City's Net Position
<br /> Governmental Activities Business-Type Activities Total
<br /> 2014 2013 2014 2013 2014 2013
<br /> Current and Other Assets $ 2,476,104 $ 2,492,637 $ 1,592,814 $ 1,501,148 $ 4,068,918 $ 3,993,785
<br /> Capital and Noncurrent Assets 7,087,481 6,483,536 2,000,025 2,040,768 9,087,506 8,524,304
<br /> Total Assets 9,563,585 8,976,173 3,592,839 3,541,916 13,156,424 12,518,089
<br /> Current Liabilities 269,771 179,961 168,379 208,317 438,150 388,278
<br /> Long-Term Liabilities 881,257 428,395 1,109,566 1,163,411 1,990,823 1,591,806
<br /> Total Liabilities 1,151,028 608,356 1,277,945 1,371,728 2,428,973 1,980,084
<br /> Net Position
<br /> Net Investment in Capital Assets 6,254,015 6,144,164 852,915 838,534 7,106,930 6,982,698
<br /> Restricted 223,605 199,398 - - 223,605 199,398
<br /> Unrestricted 1,934,937 2,024,255 1,461,979 1,331,654 3,396,916 3,355,909
<br /> Total Net Position $ 8,412,557 $ 8,367,817 $ 2,314,894 $ 2,170,188 $ 10,727,451 $ 10,538,005
<br /> (9)
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