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Governmental
<br />Activities -
<br />Internal
<br />Water Sewer Storm Water Nonmajor Business-type Total Service Funds
<br />Assets
<br />Current Assets
<br />Cash and temporary investments 267,184$ 2,327,068$ 1,562,423$ 117,461$ 4,274,136$ 523,033$
<br />Receivables
<br />Accrued interest - - - 458 458 1,427
<br />Accounts 107,181 193,454 124,546 58,242 483,423 -
<br />Special assessments 9,708 25,904 - - 35,612 -
<br />Due from other governments - 9,730 - - 9,730 -
<br />Prepaid items - 64,224 - 42 64,266 42,701
<br />Total Current Assets 384,073 2,620,380 1,686,969 176,203 4,867,625 567,161
<br />Noncurrent Assets
<br />Capital assets
<br />Land 62,195 24,654 6,368 - 93,217 -
<br />Construction in progress 11,259 1,416,662 - - 1,427,921 -
<br />Buildings and systems 1,670,843 32,968 - - 1,703,811 -
<br />Distribution/collection system 7,843,795 20,581,583 2,716,733 205,474 31,347,585 -
<br />Machinery and equipment 100,444 661,685 245,870 267,544 1,275,543 -
<br />Total Capital Assets 9,688,536 22,717,552 2,968,971 473,018 35,848,077 -
<br />Less accumulated depreciation (3,734,973) (9,428,142) (554,370) (225,344) (13,942,829) -
<br />Net Capital Assets 5,953,563 13,289,410 2,414,601 247,674 21,905,248 -
<br />Total Assets 6,337,636 15,909,790 4,101,570 423,877 26,772,873 567,161
<br />Deferred Outflows of Resources
<br />Deferred pension resources 49,489 49,880 19,062 19,526 137,957 -
<br />Liabilities
<br />Current Liabilities
<br />Accounts and contracts payable 8,577 97,398 1,043 923 107,941 72,903
<br />Accrued salaries payable 6,486 6,409 2,866 2,467 18,228 3,889
<br />Due to other governments 10,549 8,767 - 34 19,350 486
<br />Accrued interest payable 6,052 - - - 6,052 -
<br />Deposits payable 7,000 - - - 7,000 -
<br />Compensated absences payable - current portion 11,991 10,304 40,202 - 62,497 -
<br />Bond premium - current portion 1,485 - - - 1,485 -
<br />Bonds payable - current portion 85,000 - - - 85,000 -
<br />Total Current Liabilities 137,140 122,878 44,111 3,424 307,553 77,278
<br />Noncurrent Liabilities
<br />Bond premium 6,676 - - - 6,676 -
<br />Bonds payable 470,000 - - - 470,000 -
<br />Compensated absences payable 3,664 3,148 12,283 - 19,095 -
<br />Net pension liability 172,935 174,300 66,612 68,232 482,079 -
<br />Other postemployment benefits payable 48,962 48,255 30,814 31,141 159,172 -
<br />Total Noncurrent Liabilities 702,237 225,703 109,709 99,373 1,137,022 -
<br />Total Liabilities 839,377 348,581 153,820 102,797 1,444,575 77,278
<br />Deferred Inflows of Resources
<br />Deferred pension resources 48,617 49,001 18,727 19,182 135,527 -
<br />Net Position
<br />Net investment in capital assets 5,391,887 13,289,410 2,414,601 247,674 21,343,572 -
<br />Unrestricted 107,244 2,272,678 1,533,484 73,750 3,987,156 489,883
<br />Total Net Position 5,499,131$ 15,562,088$ 3,948,085$ 321,424$ 25,330,728 489,883$
<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 93,359
<br />25,424,087$
<br />Business-type Activities - Enterprise Funds
<br />City of Orono, Minnesota
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2023
<br />The notes to the financial statements are an integral part of this statement.
<br />48
<br />Net Capital AssetsNet Capital Assets 5,953,563 13,289,41013,289,410 2,414,6012,414,601 247,674247,674 21,905,24821,905,248
<br />Total AssetsTotal Assets 6,337,6366,337,636 15,909,79015,909,790 4,101,5704,101,570 423,877 26,772,87326,772,873
<br />Deferred Outflows of ResourcesDeferred Outflows of Resources
<br />Deferred pension resourcesDeferred pension resources 49,48949,489 49,88049,880 19,06219,062 19,52619,526 137,957137,957
<br />Current LiabilitiesCurrent Liabilities
<br />Accounts and contracts payableAccounts and contracts payable 8,577 97,398 1,0431,043 923 107,941107,941
<br />Accrued salaries payableAccrued salaries payable 6,4866,486 6,409 2,8662,866 2,467 18,22818,228
<br />Due to other governmentsDue to other governments 10,54910,549 8,767 -- 34 19,35019,350
<br />83
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