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CITY OF CLOQUET, MINNESOTA STATEMENT OF NET ASSETS PROPRIETARY FUNDS DECEMBER 31, 2013 Governmental Activities - Business-type ActivitiesInternal Service Enterprise Funds Employee Water Sewer Stormwater TotalBenefit Accruals Assets Current Cash and cash equivalents$ 3,830,263$ 1,856,027$ 69,676$ 5,755,966 $ 811,828 Receivables, net: Accounts619,360159,83137,800816,991- Interest14,9008,400- 23,3003,200 Taxes- 1,730- 1,730- Special assessments17,81616,123- 33,939- Due form other governments57,360- -57,360- Inventories306,27840,281 - 346,559 - Restricted Cash & cash equivalents - construction385,790 - - 385,790 - Cash & cash equivalents - debt service247,851 - - 247,851 - Accounts receivable - debt service 44,200 - - 44,200 - Total current assets$ 5,523,818$ 2,082,392$ 107,476$ 7,713,686$ 815,028 Noncurrent assets Special assessments receivable$ 82,317$ 78,600$ - $ 160,917$ - Capital assets, net 14,523,763 5,870,210 295,642 20,689,615 - Total noncurrent assets$ 14,606,080$ 5,948,810$ 295,642 $ 20,850,532$ - Total assets$ 20,129,898$ 8,031,202$ 403,118$ 28,564,218$ 815,028 Liabilities Current liabilities Accounts payable$ 267,307$ 9,853$ 1,686 $ 278,846$ - Due to other governments50,45588,704- 139,159 - Due to other funds68,3353,1738,41579,923 - Accrued payroll liabilities payable26,3887,3361,98235,706 - Accrued comp absences & severance 62,632 24,479 4,57891,689 247,552 Accrued interest payable12,518 - - 12,518 - MN Public Authority loan payable99,000 - - 99,000 - Current liabilities payable from restricted assets Accrued interest payable5,495 - - 5,495 - Revenue bond payable 260,000_________ - _________ - _ __260,000 _________ - Total current liabilities$ 852,130$ 133,545$ 16,661$ 1,002,336$ 247,552 Noncurrent liabilities Accrued comp absences & severance$ 204,810$ 69,087$ 17,152$ 291,049$ 485,660 Post employment benefits payable76,55224,9966,874108,422 - Revenue bonds payable530,000 - - 530,000 - MN Public Authority loan payable 925,768 - - 925,768 - Total noncurrent liabilities$ 1,737,130$ 94,083$ 24,026$ 1,855,239$ 485,660 Total liabilities$ 2,589,260$ 227,628$ 40,687$ 2,857,575$ 733,212 Net Assets Invested in capital assets, net of related debt$ 13,094,785$ 5,870,210$ 295,642$ 19,260,637$ - Restricted for debt service286,556 - - 286,556 - Unrestricted 4,159,297 1,933,364 66,789 6,159,450 81,816 Total net assets$ 17,540,638$ 7,803,574$ 362,431$ 25,706,643$ 81,816

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