SHERBURNE COUNTY
ELK RIVER, MINNESOTA
BALANCE SHEET
GOVERNMENTAL FUNDS
DECEMBER 31, 2022
Health and Regional Non-Major Total
General Public Human Solid Rail Debt Capital Governmental Governmental
Fund Works Services Waste Authority Service Projects Fund Funds Funds
Assets
Cash and pooled investments $ 28,347,304 $ 29,030,194 $ 15,774,649 $ 55,482,761 $ 43,302 $ 4,000,925 $ 1,504,377 $ 4,751,071 $ 138,934,583
Petty cash and change funds 1,700 - - - - - - - 1,700
Interest receivable 324,487 - - - - - - - 324,487
Taxes receivable, net 344,974 129,109 111,900 - 4,538 36,646 2,627 - 629,794
Special assessments
receivable, net 203,789 - - 5,493 - - - 56,572 265,854
Accounts receivable, net 51,150 86,763 350,495 960,395 - - - 304,446 1,753,249
Loans receivable, net - - - 866,396 - - - 66,939 933,335
Due from other funds 19,259 17,065 - - - - - 36,324
Due from other governments 1,981,612 9,597,916 1,913,584 1,622 - - - 6,144 13,500,878
Advance to other funds 18,864 - - - - - - - 18,864
Inventories - 821,799 - - - - - - 821,799
Prepaid items 1,090,901 9,888 56,038 4,039 - 41 - 20,193 1,181,100
Total Assets $ 32,384,040 $ 39,692,734 $ 18,206,666 $ 57,320,706 $ 47,840 $ 4,037,612 $ 1,507,004 $ 5,205,365 $ 158,401,967
Liabilities, Deferred Inflows of
Resources and Fund Balances
Liabilities
Accounts payable $ 612,839 $ 723,398 $ 384,075 $ 19,081 $ 881 $ - $ - $ 189,000 $ 1,929,274
Salaries and benefits payable 1,326,557 256,728 753,762 36,387 - - - 503 2,373,937
Contracts payable - 726,389 - - - - - - 726,389
Due to other funds 17,065 - 18,640 - - - - 619 36,324
Due to other governments 26,405 13,996 104,187 77,956 - - - - 222,544
Deposits Payable 1,521,069 - - - - - - - 1,521,069
Unearned revenue 12,305,434 - - - - - - 149,672 12,455,106
Advance from other funds - - - - - - - 18,864 18,864
Total Liabilities $ 15,809,369 $ 1,720,511 $1,260,664 $ 133,424 $ 881 $ - $ - $ 358,658 $ 19,283,507
Deferred Inflows of Resources
Unavailable revenue $ 309,903 $ 8,047,947 $ 100,218 $ 5,493 $ 4,538 $ 33,535 $ 2,537 $ 49,771 $ 8,553,942
Unavailable revenue-
prepaid taxes 31,714 10,806 10,688 - - 2,846 82 - 56,136
Total Deferred
Inflows of Resources $ 341,617 $ 8,058,753 $ 110,906 $ 5,493 $ 4,538 $ 36,381 $ 2,619 $ 49,771 $ 8,610,078
Fund Balances
Nonspendable
Advances $ 18,864 $ - $ - $ - $ - $ - $ - $ - $ 18,864
Inventory - 821,799 - - - - - - 821,799
Prepaids 1,090,901 9,888 56,038 4,039 - 41 - - 20,193 1,181,100
Restricted
Attorney forfeitures 156 - - - - - - - 156
County attorney truancy 5,128 - - - - - - - 5,128
Debt service - - - - - 4,001,190 - - 4,001,190
Ditches - - - - - - - 235,914 235,914
E-911 1,498,451 - - - - - - 1,498,451
Education 51,694 - - - - - - - 51,694
Transportation gravel tax - - - - - - - 1,361,033 1,361,033
Landfill postclosure - - - 32,232,571 - - - - 32,232,571
Law library - - - - - - - 321,165 321,165
Parks dedication - - - - - - - 561,415 561,415
Opioid remediation activities - - - - - 546,885 546,885
Recorder compliance 632,953 - - - - - - - 632,953
Recorder technology 851,278 - - - - - - - 851,278
Regional rail - - - - 42,421 - - - 42,421
Sanitation - - - 24,078,783 - - - - 24,078,783
Public safety - sheriff fines 344,202 - - - - - - - 344,202
Public safety - sheriff forfeitures 240,065 - - - - - - - 240,065
Committed
Loans receivable - - - 866,396 - - - - 866,396
Public safety - - - - - - - 1,788,456 1,788,456
Assigned
General government 5,956,480 - - - - - - - 5,956,480
Public safety 1,380,960 - - - - - - - 1,380,960
Highway - 29,081,783 - - - - - - 29,081,783
Human services - - 15,594,351 - - - - - 15,594,351
Economic development 241,657 - - - - - - - 241,657
Capital projects - - - - - - 1,504,385 - 1,504,385
Subsequent years budgets 1,174,500 552,839 - - - - - 1,727,339
Other capital purposes - - 631,868 - - - - - 631,868
Unassigned 2,745,765 - - - - - - (38,125) 2,707,640
Total Fund Balances $16,233,054 $ 29,913,470 $16,835,096 $ 57,181,789 $ 42,421 $ 4,001,231 $ 1,504,385 $ 4,796,936 $ 130,508,382
Total Liabilities, Deferred
Inflows ofResources and
Fund Balances $32,384,040 $ 39,692,734 $18,206,666 $ 57,320,706 $ 47,840 $ 4,037,612 $ 1,507,004 $ 5,205,365 $ 158,401,967
See accompanying notes to Basic Financial Statements.