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Governmental
<br />Activities -
<br />Internal
<br />Water Sewer Storm Water Other Business-type Total Service Funds
<br />Liabilities
<br />Current Liabilities
<br />Accounts and contracts payable 580,436$ 49,371$ 5,018$ 18,031$ 652,856$ 27,732$
<br />Accrued salaries payable 4,997 3,987 1,012 540 10,536 1,692
<br />Due to other governments 8,909 15,198 - - 24,107 -
<br />Accrued interest payable 6,805 - - - 6,805 -
<br />Deposits payable 7,000 - - - 7,000 -
<br />Compensated absences payable - current portion 9,805 7,742 24,824 - 42,371 -
<br />Bond premium - current portion 1,485 - - - 1,485 -
<br />Bonds payable - current portion 85,000 - - - 85,000 -
<br />Total Current Liabilities 704,437 76,298 30,854 18,571 830,160 29,424
<br />Noncurrent Liabilities
<br />Bond premium 8,161 - - - 8,161 -
<br />Bonds payable 555,000 - - - 555,000 -
<br />Compensated absences payable 883 697 2,236 - 3,816 -
<br />Net pension liability 244,971 241,752 55,073 14,589 556,385 -
<br />Other postemployment benefits payable 61,341 60,568 40,902 - 162,811 -
<br />Total Noncurrent Liabilities 870,356 303,017 98,211 14,589 1,286,173 -
<br />Total Liabilities 1,574,793 379,315 129,065 33,160 2,116,333 29,424
<br />Deferred Inflows of Resources
<br />Deferred pension resources - 153 - - 153 -
<br />Net Position
<br />Net investment in capital assets 5,171,995 12,567,304 2,480,447 168,238 20,387,984 -
<br />Unrestricted 883,989 3,188,663 2,076,412 93,797 6,242,861 495,413
<br />
<br />Total Net Position 6,055,984$ 15,755,967$ 4,556,859$ 262,035$ 26,630,845 495,413$
<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 97,455
<br />26,728,300$
<br />City of Orono, Minnesota
<br />Statement of Net Position (Continued)
<br />Proprietary Funds
<br />December 31, 2022
<br />Business-type Activities - Enterprise Funds
<br />The notes to the financial statements are an integral part of this statement.
<br />49 95
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