SHERBURNE COUNTY

ELK RIVER, MINNESOTA

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS

DECEMBER 31, 2020

                                                      Social Welfare

                                                      Private Purpose         Custodial

                                                      Trust Fund                 Funds              

ASSETS

Cash and Cash Equivalents           $                7,825         $        4,053,804

     Due from Other Governments                          -                         25,697

Taxes for Other Governments                              -                     1,082,152

                  Total Assets                                  7,825                   5,161,653

LIABILITIES 

Due to Other Governments                                    -                    2,790,464

DEFERRED INFLOWS

     OF RESOURCES

Property Taxes Collected for

     Subsequent Period                                            -                       116,981

NET POSITION

Restricted for:

     Individuals, Organizations,

          and Other Governments      $                7,825         $       2,254,208

See accompanying Notes to Basic Financial Statements

(Published in the Patriot: 10/09/21).