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CITY OF PEQUOT LAKES, MINNESOTA
<br /> STATEMENT OF NET POSITION
<br /> DECEMBER 31, 2014
<br /> Governmental Business-Type
<br /> Activities Activities Total
<br /> ASSETS
<br /> Cash and Investments $ 2,215,808 $ 1,461,197 $ 3,677,005
<br /> Petty Cash and Change Funds 942 - 942
<br /> Taxes Receivable
<br /> Unapportioned 31,395 - 31,395
<br /> Delinquent 156,186 - 156,186
<br /> Special Assessments Receivable
<br /> Noncurrent 225 1,420 1,645
<br /> Accounts Receivable,Net of Allowance 11,613 130,197 141,810
<br /> Accrued Interest Receivable 393 - 393
<br /> Due from Other Governments 795 - 795
<br /> Debt Reserve Restricted Cash 2,279 - 2,279
<br /> Loans Receivable 30,684 - 30,684
<br /> Land Held for Resale 25,784 - 25,784
<br /> Capital Assets not Being Depreciated
<br /> Land 1,504,339 178,167 1,682,506
<br /> Capital Assets Being Depreciated
<br /> Building(Net) 1,000,889 68,575 1,069,464
<br /> Machinery,Vehicles,Furniture and Equipment(Net) 1,148,051 1,414,586 2,562,637
<br /> Infrastructure(Net) 3,434,202 338,697 3,772,899
<br /> Total Assets 9,563,585 3,592,839 13,156,424
<br /> LIABILITIES
<br /> Accounts Payable 109,353 101,132 210,485
<br /> Salaries Payable 20,544 944 21,488
<br /> Due to Other Governments 3,260 140 3,400
<br /> Accrued Interest Payable 12,615 10,467 23,082
<br /> Compensated Absences Payable-Due Within One Year 17,833 696 18,529
<br /> Loans Payable-Due Within One Year 18,141 - 18,141
<br /> General Obligation Refunding Bonds Payable-Due Within One Year - 55,000 55,000
<br /> Equipment Certificates-Due Within One Year 64,000 - 64,000
<br /> Capital Leases Payable-Due Within One Year 24,025 - 24,025
<br /> Compensated Absences Payable-Due in More than One Year 20,844 1,886 22,730
<br /> Loans Payable-Due in More than One Year 331,859 - 331,859
<br /> General Obligation Refunding Bonds Payable-Due in More than One Year - 1,092,110 1,092,110
<br /> Equipment Certificates-Due in More than One Year 156,000 - 156,000
<br /> Capital Leases Payable-Due in More than One Year 239,442 - 239,442
<br /> Other Postemployment Benefits Payable-Due in More than One Year 133,112 15,570 148,682
<br /> Total Liabilities 1,151,028 1,277,945 2,428,973
<br /> NET POSITION
<br /> Net Investment in Capital Assets 6,254,015 852,915 7,106,930
<br /> Restricted for Library 55,078 - 55,078
<br /> Restricted for Forfeiture 256 - 256
<br /> Restricted for Park Dedication 28,285 - 28,285
<br /> Restricted by Donor-Splash Park 15,000 - 15,000
<br /> Restricted for Loans Receivable 76,414 - 76,414
<br /> Restricted for Economic Development 16,678 - 16,678
<br /> Restricted for Debt Service 31,894 - 31,894
<br /> Unrestricted 1,934,937 1,461,979 3,396,916
<br /> Total Net Position $ 8,412,557 $ 2,314,894 $ 10,727,451
<br /> See accompanying Notes to Financial Statements.
<br /> (17)
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