SHERBURNE COUNTY
ELK RIVER, MINNESOTA
STATEMENT OF NET POSITION
JUSTICE CENTER
ENTERPRISE FUND
DECEMBER 31, 2020
ASSETS
Current assets
Cash and pooled investments $ 9,459,292
Due from other governments 1,176,086
Prepaid items 17,972
Total Current Assets $ 10,653,350
Long-Term assets
Capital assets, net of accumulated depreciation
Buildings $ 18,178,948
Total Assets $ 28,832,298
DEFERRED OUTFLOWS OF RESOURCES
Deferred pension outflows $ 1,842,578
Deferred OPEB outflows 224,795
Total Deferred Outflows of Resources $ 2,067,373
LIABILITIES
Current liabilities:
Accounts payable $ 87,686
Salaries payable 397,477
Due to other governments 1,600
Compensated absences payable 87,197
Total Current Liabilities $ 573,960
Long-Term liabilities:
Due in more than one year:
Total OPEB liability $ 1,705,043
Net pension liability 3,471,778
Compensated absences payable 1,158,466
Total Long-Term Liabilities $ 6,335,287
Total Liabilities $ 6,909,247
DEFERRED INFLOWS OF RESOURCES
Deferred pension inflows $ 3,654,834
Deferred OPEB inflows 94,823
$ 3,749,657
NET POSITION
Net investment in capital assets $ 18,178,948
Unrestricted 2,061,819
Total Net Position $ 20,240,767
Operating revenues:
Mileage $ 335,765
Board of prisoners 13,899,895
Miscellaneous40,406
Total operating revenues $ 14,276,066
Operating expenses:
Salaries and benefits $ 11,220,257
Prisoner expense 2,959,383
Depreciation556,902
Total operating expenses $ 14,736,542
Operating income (loss) $ (460,476)
Nonoperating revenue
Intergovernmental Revenue $ 1,016,814
Income before transfers $ 556,338
Transfers in (out):
Transfer out (814,100)
Change in net position $ (257,762)
Net Position - January 1 20,498,529
Net Position - December 31 $ 20,240,767
See accompanying Notes to Basic Financial Statements
(Published in the Patriot: 10/09/21).
