Details for Le Center proprietary funds

Updated

City of Le Center, Minnesota
Statement of Net Position
Proprietary Funds
December 31, 2020

Business-type Activities Business-type Activities - Enterprise Funds
602
609
Nonmajor
Municipal
603
Sewer Utility
Liquor Store
Refuse

601
Water Utility

Assets
Current Assets
Cash and temporary investments
Accounts receivable
Inventories
Prepaid items
Total Current Assets

$

Noncurrent Assets
Capital assets, at cost
Land
Construction in Progress
Buildings and improvements
Systems and infrastructure
Equipment and machinery
Vehicles
Less accumulated depreciation
Total Capital Assets
(Net of Accumulated Depreciation)

194,683
55,339
1,286
251,308

375,737
41,341
2,948
420,026

$

231,201
181,140
2,357
414,698

$

190,344
13,670
1,826
205,840

$

220,000
281,894
599,101
5,597,970
501,075
(3,876,178)

4,077
484,155
121,976
(361,682)

4,076,576

3,323,862

248,526

-

7,648,964

4,327,884

3,743,888

663,224

205,840

8,940,836

3,217

9,133

9,935

2,910

25,195

19,223
21,561
272,000
312,784

60,232
23,443
236,510
320,185

8,729
1,116
9,845

6,884
6,884

86,339
45,004
508,510
8,729
1,116
649,698

2,274,000
34,755
2,308,755

2,199,149
98,656
2,297,805

9,114
64,887
107,321
181,322

31,433
31,433

9,114
64,887
4,473,149
272,165
4,819,315

2,621,539

2,617,990

191,167

38,317

5,469,013

1,641

4,658

5,067

1,484

12,850

1,530,576
177,345

888,203
242,170

257,255
219,670

168,949

2,676,034
808,134

Total Assets

Liabilities
Current Liabilities
Accounts payable
Accrued interest payable
Bonds payable - current
Notes payable - current
Compensated absences payable - current
Total Current Liabilities
Noncurrent Liabilities
Compensated absences payable, noncurrent
Notes payable
Bonds payable, noncurrent
Net pension liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources
Pension plans
Net Position
Net investment in capital assets
Unrestricted
$

1,707,921

$

1,130,373

$

476,925

25,447
(25,447)

991,965
110,350
181,140
8,417
1,291,872

24,444
267,323
6,268,342
331,466
(2,814,999)

Deferred Outflows of Resources
Pension plans

Total Net Position

$

Totals

$

168,949

248,521
549,217
1,083,256
11,866,312
121,976
857,988
(7,078,306)

$

3,484,168

City of Le Center, Minnesota

Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended December 31, 2020

Water Utility

Business-type Activities Business-type Activities - Enterprise Funds
602
609
Nonmajor
Municipal
603
Sewer Utility
Liquor Store
Refuse

$

$

601
Operating Revenues
Charges for services
Sales
Cost of sales
Total Operating Revenues
Operating Expenses
Personal services
Purchases
Supplies and repairs
Other services and charges
Insurance
Utilities
Depreciation
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses)
Other income
Investment earnings
Rental income
Amortization of bond premium
Gain (loss) on sale of capital asset
Interest and other expense
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers

493,941
493,941

584,592
584,592

$

1,026,932
(709,897)
317,035

$

Totals

142,780
142,780

$ 1,221,313
1,026,932
(709,897)
1,538,348

41,591
56,557
74,253
8,416
67,874
182,615
431,306

184,862
43,926
57,801
18,096
12,121
57,507
155,745
530,058

196,447
62,574
22,942
10,006
21,469
21,537
334,975

68,407
15,216
89,426
173,049

62,635

54,534

(17,940)

(30,269)

42,142
(58,277)
(16,135)

265
2,161
(1,355)
(61,040)
(59,969)

21,439
1,115
46,205
(3,695)
65,064

2,385
2,385

66,231
1,115
46,205
2,161
(1,355)
(123,012)
(8,655)

46,500

(5,435)

47,124

(27,884)

60,305

68,960

Capital Contributions from Governmental Funds
Transfers Out

267,323
-

281,894
-

(16,530)

Change in Net Position

313,823

276,459

30,594

(27,884)

Net Position, January 1

1,394,098

853,914

446,331

196,833

2,891,176

$ 1,707,921

$ 1,130,373

168,949

$ 3,484,168

Net Position, December 31

$

476,925

-

491,307
43,926
192,148
204,717
30,543
146,850
359,897
1,469,388

$

549,217
(16,530)
592,992

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