|
City of Orono, Minnesota
<br />Statement of Net Position
<br />December 31, 2022
<br />Governmental Business-type
<br />Activities Activities Total
<br />Assets
<br />Cash and temporary investments 25,168,886$ 6,999,926$ 32,168,812$
<br />Receivables
<br />Accrued interest 25,930 19,877 45,807
<br />Taxes 66,614 - 66,614
<br />Accounts 11,450 352,805 364,255
<br />Special assessments - 186,179 186,179
<br />Lease 735,229 - 735,229
<br />Due from other governments 465,784 654 466,438
<br />Prepaid items 53,013 63,916 116,929
<br />Capital assets
<br />Land and construction in progress 11,060,625 1,264,250 12,324,875
<br />Depreciable assets (net of accumulated depreciation)25,288,538 19,771,895 45,060,433
<br />Total Assets 62,876,069 28,659,502 91,535,571
<br />Deferred Outflows of Resources
<br />Deferred pension resources 7,469,420 185,284 7,654,704
<br />Liabilities
<br />Accounts and contracts payable 144,673 652,856 797,529
<br />Accrued salaries payable 108,195 10,536 118,731
<br />Due to other governments 179,791 24,107 203,898
<br />Accrued interest payable 189,654 6,805 196,459
<br />Deposits payable 1,606,388 7,000 1,613,388
<br />Unearned revenue 507,032 - 507,032
<br />Noncurrent liabilities
<br />Due within one year
<br />Long-term liabilities 1,720,805 128,856 1,849,661
<br />Due in more than one year
<br />Long-term liabilities 17,235,332 566,977 17,802,309
<br />Net pension liability 11,564,871 556,385 12,121,256
<br />Other postemployment benefits liability 1,078,189 162,811 1,241,000
<br /> Total Liabilities 34,334,930 2,116,333 36,451,263
<br />Deferred Inflows of Resources
<br />Deferred lease resources 729,978 - 729,978
<br />Deferred pension resources 229,236 153 229,389
<br />Total Deferred Inflows of Resources 959,214 153 959,367
<br />Net Position
<br />Net investment in capital assets 33,174,764 20,387,984 53,562,748
<br />Restricted for
<br />Debt service 1,317,176 - 1,317,176
<br />Golf course improvements - - -
<br />Park improvements 92,602 - 92,602
<br />Drug and alcohol law enforcement 558,680 - 558,680
<br />Home buyer purchase assistance program 134,830 - 134,830
<br />Housing 601,467 - 601,467
<br />Unrestricted (828,174) 6,340,316 5,512,142
<br />Total Net Position 35,051,345$ 26,728,300$ 61,779,645$
<br />The notes to the financial statements are an integral part of this statement.
<br />35 81
|