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CITY OF ORONO
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2017
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(25)
<br />
<br /> Governmental
<br />Activities
<br />Other
<br />Water Sewer Storm Business-Type Internal
<br />Operating Operating Water Activities Totals Service
<br />ASSETS AND DEFERRED
<br />OUTFLOWS OF RESOURCES
<br />CURRENT ASSETS
<br />Cash and Cash Equivalents 898,091$ 2,778,844$ 1,640,265$ 203,350$ 5,520,550$ 1,061,048$
<br />Receivables:
<br />Accounts Receivables (Net of Allowance) 130,942 371,973 56,202 40,457 599,574 7,680
<br />Accrued Interest 664 1,967 1,113 120 3,864 640
<br />Delinquent Special Assessments - 21,850 - - 21,850 -
<br />Special Assessments 57,480 275,764 - - 333,244 -
<br />Prepaids 122 122 - - 244 -
<br />Inventory 9,968 - - - 9,968 -
<br />Due from Other Governmental Units 103 4,322 - - 4,425 -
<br /> Total Current Assets 1,097,370 3,454,842 1,697,580 243,927 6,493,719 1,069,368
<br />CAPITAL ASSETS
<br />Land and Land Improvements 62,195 24,654 6,368 - 93,217 -
<br />Construction in Progress 64,403 438,323 105,005 - 607,731 -
<br />Buildings and Improvements 1,572,243 32,968 - - 1,605,211 -
<br />Equipment 91,092 538,304 245,870 48,898 924,164 -
<br />Distribution/Collection System 5,575,748 17,965,270 1,308,742 - 24,849,760 -
<br /> Total 7,365,681 18,999,519 1,665,985 48,898 28,080,083 -
<br />Less: Accumulated Depreciation (2,541,898) (7,314,263) (208,578) (12,940) (10,077,679) -
<br /> Net Capital Assets 4,823,783 11,685,256 1,457,407 35,958 18,002,404 -
<br /> Total Assets 5,921,153 15,140,098 3,154,987 279,885 24,496,123 1,069,368
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows - Pensions 32,343 51,502 7,935 4,246 96,026 -
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES, AND NET POSITION
<br />CURRENT LIABILITIES
<br />Accounts and Contracts Payable 102,903 256,776 24,675 790 385,144 5,283
<br />Accrued Salaries Payable 6,441 9,585 1,554 - 17,580 -
<br />Due to Other Governmental Units 30,281 18,699 373 - 49,353 -
<br />Deposits 7,000 - - - 7,000 -
<br />Compensated Absences Payable 7,618 13,383 - - 21,001 -
<br />Unearned Revenue 36,383 15,770 - - 52,153 -
<br />Accrued Interest Payable 10,179 - - - 10,179 -
<br />Current Maturities of Long-Term Debt 81,485 - - - 81,485 -
<br /> Total Current Liabilities 282,290 314,213 26,602 790 623,895 5,283
<br />NONCURRENT LIABILITIES
<br />Bonds Payable 980,586 - - - 980,586 -
<br />Other Postemployment Benefits 12,624 18,818 4,249 - 35,691 -
<br />Net Pension Liability 133,292 212,250 32,701 17,503 395,746 -
<br />Compensated Absences Payable 6,166 10,834 - - 17,000 -
<br /> Total Noncurrent Liabilities 1,132,668 241,902 36,950 17,503 1,429,023 -
<br /> Total Liabilities 1,414,958 556,115 63,552 18,293 2,052,918 5,283
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows - Pensions 28,665 45,645 7,032 3,765 85,107 -
<br />NET POSITION
<br />Net Investment in Capital Assets 3,761,712 11,685,256 1,457,407 35,958 16,940,333 -
<br />Unrestricted 748,161 2,904,584 1,634,931 226,115 5,513,791 1,064,085
<br /> Total Net Position 4,509,873$ 14,589,840$ 3,092,338$ 262,073$ 22,454,124 1,064,085$
<br />Some amounts reported for business-type activities in the statement of net position are different
<br /> because certain internal service fund assets and liabilities are included with business-type activities 173,893
<br />22,628,017$
<br />Business-Type Activities
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