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Governmental
<br />Activities -
<br />Internal
<br />Nonmajor
<br />Water Sewer Storm Water Business-type Total Service Funds
<br />Assets
<br />Current Assets
<br />Cash and temporary investments 268,890$ 1,654,625$ 1,344,586$ 60,808$ 3,328,909$ 515,510$
<br />Receivables
<br />Accrued interest 556 4,743 4,449 282 10,030 2,443
<br />Accounts 99,922 307,356 105,610 52,900 565,788 -
<br />Special assessments 2,377 5,751 - - 8,128 -
<br />Due from other governments - 3,372 - - 3,372 537
<br />Prepaid items 819 60,661 - 239 61,719 8,879
<br />Total Current Assets 372,564 2,036,508 1,454,645 114,229 3,977,946 527,369
<br />Noncurrent Assets
<br />Capital assets
<br />Land 62,195 24,654 6,368 - 93,217 -
<br />Construction in progress 61,051 739 1,650 - 63,440 -
<br />Buildings and systems 1,682,102 117,457 - - 1,799,559 -
<br />Distribution/collection system 7,918,460 22,425,059 2,949,578 247,037 33,540,134 -
<br />Machinery and equipment 100,444 661,685 245,870 267,544 1,275,543 -
<br />Total Capital Assets 9,824,252 23,229,594 3,203,466 514,581 36,771,893 -
<br />Less accumulated depreciation (3,957,473) (9,795,757) (621,001) (248,596) (14,622,827) -
<br />Net Capital Assets 5,866,779 13,433,837 2,582,465 265,985 22,149,066 -
<br />Total Assets 6,239,343 15,470,345 4,037,110 380,214 26,127,012 527,369
<br />Deferred Outflows of Resources
<br />Deferred pension resources 22,463 22,712 13,202 15,058 73,435 -
<br />Liabilities
<br />Current Liabilities
<br />Accounts and contracts payable 20,953 26,572 2,832 9,323 59,680 15,995
<br />Accrued salaries payable 6,641 6,510 4,592 4,816 22,559 11,178
<br />Due to other governments 3,942 7,096 - 6,843 17,881 -
<br />Accrued interest payable 5,255 - - - 5,255 -
<br />Deposits payable 7,000 - - - 7,000 -
<br />Compensated absences payable - current portion 9,163 10,518 12,507 - 32,188 -
<br />Other postemployment benefits payable 975 967 762 693 3,397
<br />Bonds payable - current portion 91,485 - - - 91,485 -
<br />Total Current Liabilities 145,414 51,663 20,693 21,675 239,445 27,173
<br />Noncurrent Liabilities
<br />Bonds payable 385,191 - - - 385,191 -
<br />Compensated absences payable 9,163 10,518 12,507 - 32,188 -
<br />Net pension liability 92,203 93,226 54,195 61,816 301,440 -
<br />Other postemployment benefits payable 30,705 30,475 24,011 21,840 107,031 -
<br />Total Noncurrent Liabilities 517,262 134,219 90,713 83,656 825,850 -
<br />Total Liabilities 662,676 185,882 111,406 105,331 1,065,295 27,173
<br />Deferred Inflows of Resources
<br />Deferred pension resources 58,682 59,334 34,501 39,354 191,871 -
<br />Net Position
<br />Net investment in capital assets 5,385,509 13,433,505 2,581,517 265,985 21,666,516 -
<br />Unrestricted 154,939 1,814,336 1,322,888 (15,398) 3,276,765 500,196
<br />
<br />Total Net Position 5,540,448$ 15,247,841$ 3,904,405$ 250,587$ 24,943,281 500,196$
<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 94,822
<br />25,038,103$
<br />Business-type Activities - Enterprise Funds
<br />City of Orono, Minnesota
<br />Statement of Net Position
<br />Proprietary Funds
<br />December 31, 2024
<br />The notes to the financial statements are an integral part of this statement.
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