3.3. HRSR 04-06-2009BALANCE SHEET ITEM ~ 3.3.
FEBRUARY 2009 ~ I
CITY OF ELK RIVER
As of: 2/28/2009 Balances
Fund Type: CU Component Unit
Fund: 910 - HRA
Assets
Acct Class: 1000 Current Assets
1010 Cash 470,850.69
1190 Notes Receivable 400,000.00
1310 Due From Other Funds 369,125.92
Acct Class: 1000 Current Assets 1,239,976.61
Acct Class: 1600 Capital Assets
1620 Buildings & Structures 720,000.00
Acct Class: 1600 Capital Assets 720,000.00
Total Assets 1,959,976.61
Liabilities
Acct Class: 2000 Current Liabilities
Building Purchase (non-current liability)** 320,070.29
Acct Class: 2000 Current Liabilities 320,070.29
Total Liabilities 320,070.29
Reserves/Balances
Acct Class: 2400 Fund Equity
2400 Fund Balance 1,694,608.89
2600 Change In Fund Balance -54,702.57
Acct Class: 2400 Fund Equity 1,639,906.32
Total Reserves/Balances 1,639,906.32
Total liabilities & Balances 1,959,976.61
** =The City's financial system is on the modified accrual basis of accounting and the current financial resources measurement.focus.
"Government funds, with their focus on current financial resources, do not report liabilities for the following. Unmatured principal and interest
of long-term debt" (GAAFR, page 174). The City records long-term debt related liabilities as part of the GASB 34 conversion entries and will
show up on your year-end accrual statements. What finance will do is manually insert the long-term liability in your balance sheet to more
closely reflect accrual accounting.
3-30-2009 9:11 AM G/ L D E T A I L vs B U D G E T PAGE: 1
YEAR Jan-2009 / Dec-2009
FUND 91o-HRA PERIOD TO USE: San-2009 THRU Feb-2009
DEPT 6100 Housing & Redevelopment SUPPRESS ZEROS ACCOUNTS: ALL
DATE TRAN # REFERENCE ====DESCRIPTION==== VENDOR INV/JE #/PO # =====BUDGET===== ====ACTIVITY==== =====BALANCE====
4-6100-4201 Office Supplies
2/02 A05355 CHK: 001605 PAPER 17440 CITY OF ELK RIV 3113436266 16.35
===FEB TOTAL=== 0.00 16.35 16.35CR
===ACCT TOTALS=== CURRENT BUDGET: 0.00 ACTIVITY: 16.35 ENCUMBERED: 0.00 BALANCE: 16.35CR
*-*-*-*-*-*-*-*-*-*-*-*-*- 000 ERRORS IN THIS REPORT! *-*-*-*-*-*-*-*-*-*-*-*-*-*
._+_+_*_+_*_._*_*_*_*_*_*_ 000 RESTRICTED ACCOUNTS! *-*-*-*-*-*-*-*-*-*-*-*-*-*