Details for Nicollet County Financial Statement pt 1

Updated

NICOLLET COUNTY
ST. PETER, MINNESOTA

NICOLLET COUNTY
SUMMARY FINANCIAL STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2021
The purpose of this Report is to provide a summary of financial information concerning Nicollet County for interested citizens. Questions about the
Report should be directed to: Heather McCormick,
Nicollet County Finance Director (507) 934-7817.
A FULL AND COMPLETE COPY OF THE COUNTY FINANCIAL
STATEMENT IS AVAILABLE
https://www.osa.state.mn.us/reports-data-analysis/local-government/
counties/ OR UPON REQUEST BY CALLING (507) 934-7817,
OR BY WRITING TO:
HEATHER MCCORMICK, NICOLLET
COUNTY FINANCE DIRECTOR,
501 SOUTH MINNESOTA AVE, ST PETER MN 56082.

EXHIBIT 1

STATEMENT OF NET POSITION
GOVERNMENTAL ACTIVITIES
DECEMBER 31, 2021

Assets

Cash and pooled investments
Cash with fiscal agent
Taxes receivable – delinquent
Special assessments receivable
Delinquent
Noncurrent
Accounts receivable
Accrued interest receivable
Due from other governments
Inventories
Prepaid items
Capital assets
Non-depreciable
Depreciable – net of accumulated depreciation
Net pension asset

$

50,301,916
6,970,795
161,383
17,389
3,714,473
978,577
29,990
7,560,772
609,831
182,638
13,358,278
101,551,356
63,839

Total Assets

$

185,501,237

$

203,507
8,093,777

$

8,297,284

$

794,379
165,514
793,782
428,815
584,487
215,425
2,610,801

Deferred Outflows of Resources
Deferred other postemployment benefits outflows
Deferred pension outflows
Total Deferred Outflows of Resources

NICOLLET COUNTY
ST. PETER, MINNESOTA
ORGANIZATION
DECEMBER 31, 2021
Office
Commissioners
1st District
2nd District
3rd District
4th District
5th District

Name

Term Expires

Marie Dranttel
Terry Morrow*
Vacant**
Jack Kolars
John Luepke

January 2025
January 2023
January 2025
January 2023
January 2025

Officers Elected
Attorney
County Judge
County Judge
Sheriff

Michelle Zehnder Fischer
Allison Krehbiel
Todd Westphal
David Lange

January 2023
January 2023
January 2027
January 2023

Mandy Landkamer
Lorna Sandvik
Richard Molitor
Dr. Kelly Mills
Carol Weikle
Bonnie Christiansen
Cody Johnson
Heather McCormick
Cassandra Sassenberg
Kristy Larson
Jaci Kopet
Seth Greenwood
Bolton & Menk
Dayle Moore
Nathan Tish

Indefinite
December 2024
Indefinite
December 2022
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
May 2025
Indefinite
Indefinite
October 2024

Officers Appointed
Administrator
Assessor
Community Corrections Director
Coroner
Court Administrator
Extension Director
Facilities Maintenance Director
Finance Director
Health and Human Services Director
Human Resources Director
Property and Public Services Director
Public Works Director
Surveyor
Technologies Director
Veterans Service Officer

*Chair
**Position was vacant at year-end due to the death of Commissioner Denny Kemp.

SUMMARY STATEMENT, EXPLANATION AND CLARIFICATION FOR
NICOLLET COUNTY’S ANNUAL FINANCIAL STATEMENT
• Nicollet County’s total net position increased by $13,156,387.
• At the close of 2021, Nicollet County’s governmental funds reported combined ending fund balances
of $52,458,827, an increase of $1,084,073 in comparison with the prior year. Of the total fund balance,
$13,099,991 is available for spending at the County’s discretion and is noted as unassigned fund balance.
• At the close of 2021, the unassigned fund balance for the General Fund was $15,847,331,
or 79.3 percent, of total General Fund expenditures.
• Nicollet County’s total bonds payable decreased by $1,835,000. There were payments of $815,000 to
G.O. Capital Improvement Bonds – Human Services Building, Series 2013A. There were also payments
of $150,000 to G.O. Drainage Bonds, Series 2018A; $310,000 to G.O. Capital Improvement Bonds,
Series 2018B; $515,000 to G.O. Road Reconstruction Refunding Bonds, Series 2018C; and $45,000 to
G.O. Drainage Refunding Bonds, Series 2018C.

Liabilities
Accounts payable
Claims payable
Salaries payable
Contracts payable
Due to other governments
Accrued interest payable
Unearned revenue
Long-term liabilities
Due within one year
Due in more than one year
Other postemployment benefits liability
Net pension liability

10,297,129
12,946,205
1,441,958
8,992,005

Total Liabilities

$

39,270,500

Deferred other postemployment benefits inflows
Deferred pension inflows

$

437,028
10,155,053

Total Deferred Inflows of Resources

$

10,592,081

$

103,192,130

Deferred Inflows of Resources

Net Position
Net investment in capital assets
Restricted for
General government
Public safety
Highways and streets
Human services
Conservation of natural resources
Opioid remediation activities
Debt service
Unrestricted

1,285,240
604,664
13,163,412
19,685
603,335
349,089
3,325,978
21,392,407

Total Net Position

$

143,935,940

NICOLLET COUNTY
ST. PETER, MINNESOTA

EXHIBIT 2

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 2021
Program Revenues

Functions/Programs

Fees, Charges,
Fines,
Expenses
and Other

Governmental activities
General government
$ 9,732,310
Public safety
6,801,807
Highways and streets
5,558,744
Sanitation
330,737
Human services
12,312,974
Health
1,771,702
Culture and recreation
343,025
Conservation of natural resources 4,290,210
Economic development
874,814
Interest and administrative charges 436,716
Total Governmental Activities $ 42,453,039

Operating
Grants and
Contributions

Net (Expense)

Capital
Grants and
Contributions

Revenue and
Change in
Net Position

$

1,003,180
593,784
168,098
381,724
1,688,103
66,704
3,789,890
-

$ 616,283 $
887,015
5,051,262
99,380
6,383,979
977,095
40,357
-

-

$

(8,112,847)
(5,321,008)
3,558,468
150,367
(4,240,892)
(727,903)
(343,025)
(500,320)
(834,457)
(436,716)

$

7,691,483

$ 14,055,371 $ 3,897,852

$

(16,808,333)

$

23,694,006
52,565
590,350
70,851
1,781,772
50,181
2,974,822
279,162
471,011

$

29,964,720

3,897,852
-

General Revenues
Property taxes
Mortgage registry and deed tax
Wheelage tax
Gravel tax
Transportation sales tax
Payments in lieu of tax
Grants and contributions not restricted to specific programs
Unrestricted investment earnings
Miscellaneous
Total general revenues
Change in net position

$ 13,156,387

Net Position – January 1

130,779,553

Net Position – December 31

$ 143,935,940
122892 SPH 9/22

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