|
CITY OF NEW BRIGHTON, MINNESOTA Statement 1
<br />STATEMENT OF NET POSITION
<br />December 31, 2013
<br />Primary Government
<br />Governmental Business-Type
<br />Activities Activities 2013 2012
<br />Assets:
<br />Cash and investments 38,113,298$ 1,571,483$ 39,684,781$ 42,933,480$
<br />Restricted cash and investments 5,614,181 - 5,614,181 9,517,003
<br />Accrued interest receivable 143,641 7,008 150,649 173,511
<br />Due from other governmental units 60,605 3,963 64,568 84,792
<br />Internal balances 115,658 (115,658) - -
<br />Accounts receivable-net 247,987 1,320,284 1,568,271 1,512,873
<br />Taxes receivable:
<br /> Delinquent 345,121 302 345,423 383,437
<br /> Due from County 260,412 - 260,412 80,391
<br />Special assessments receivable 242,435 13,905 256,340 332,740
<br />Prepaid items 8,059 - 8,059 6,688
<br />Assets held for resale 18,639,400 - 18,639,400 24,569,100
<br />Capital Assets (net of accumulated depreciation)
<br />Land 6,081,134 853,776 6,934,910 6,928,534
<br />Buildings and structures 15,012,942 3,540,237 18,553,179 19,759,478
<br />Machinery and equipment 4,814,740 18,899 4,833,639 4,848,067
<br />Infrastructure 14,884,994 3,651,279 18,536,273 19,336,269
<br />Other improvements 3,521,243 2,879,922 6,401,165 6,461,754
<br />Construction in progress 766,067 567,560 1,333,627 513,670
<br /> Total assets 108,871,917$ 14,312,960$ 123,184,877$ 137,441,787$
<br />Liabilities:
<br /> Accounts payable 637,691$ 60,566$ 698,257$ 722,833$
<br /> Special assessments payable 8,939 - 8,939 9,932
<br /> Salaries payable 205,940 22,972 228,912 192,632
<br /> Deposits payable 39,211 - 39,211 58,514
<br /> Due to other governmental units 127,000 8,375 135,375 21,225
<br /> Contracts payable 83,525 - 83,525 24,349
<br /> Unearned Revenue 5,748,784 302 5,749,086 8,988,240
<br /> Accrued interest payable 726,170 - 726,170 782,311
<br /> Compensated absences:
<br />Due within one year 19,014 - 19,014 34,337
<br />Due in more than one year 834,280 158,971 993,251 996,645
<br /> Bonds payable:
<br />Due within one year 3,280,000 - 3,280,000 4,785,000
<br />Due in more than one year 39,975,000 - 39,975,000 43,255,000
<br /> Pollution remediation obligation
<br />Due within one year 996,500 - 996,500 130,000
<br />Due in more than one year 2,557,500 - 2,557,500 2,792,000
<br /> Total liabilities 55,239,554$ 251,186$ 55,490,740$ 62,793,018$
<br />Net Position:
<br /> Net investment in capital assets 40,676,120$ 11,511,673$ 52,187,793$ 52,072,772$
<br /> Restricted for:
<br /> Debt service 806,018 - 806,018 934,884
<br /> Capital improvements 401,761 - 401,761 402,614
<br /> Unrestricted 11,748,464 2,550,101 14,298,565 21,238,499
<br /> Total net position 53,632,363$ 14,061,774$ 67,694,137$ 74,648,769$
<br />Totals
<br />The accompanying notes are an integral part of these financial statements.
<br />30
|