Page 14 | SATURDAY, APRIL 30, 2022 | SAUK RAPIDS HERALD
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CITY OF RICE, MINNESOTA SUMMARY FINANCIAL REPORT The purpose of this report is to provide a summary of the nancial information concerning the City of Rice to interested citizens. The complete nancial statements may be examined at the City Hall, 205 Main St E. Questions about this report should be directed to Julie Fandel, Clerk, at 320-393-2280. RECEIPTS AND DISBURSEMENTS FOR GENERAL OPERATIONS (GOVERNMENTAL FUNDS) Percent Increase Total 2021 Total 2020 (Decrease) RECEIPTS Property Taxes Tax Increment Franchise Taxes Special Assessments Licenses, Permits, and Fees Intergovernmental Charges for Services Fines Interest Income Loan Collections Miscellaneous TOTAL RECEIPTS Per Capita
$573,356 28,460 6,507 25,051 145,607 405,658 78,557 7,978 627 57,345 108,844 $1,437,990 $728.10
DISBURSEMENTS Current: General Government Public Safety Public Works Parks and Recreation Economic Development Capital Outlay Debt Service: Principal Interest and Other Charges TOTAL DISBURSEMENTS Per Capita
$294,717 549,994 94,737 26,439 157,505 178,233
25,000 1,000 $1,343,366 $680.19
25,000 1,500 $1,328,125 $1,041.67
$82,346 $41.69
$164,691 $129.17
$572,021 $289.63
$391,815 $307.31
Total Long-term Indebtedness Per Capita General Fund Cash Fund Balance - December 31 Per Capita
CITY OF RICE, MINNESOTA STATEMENT OF NET POSITION PROPRIETARY FUNDS DECEMBER 31, 2021 Water Fund Sewer Fund ASSETS Current Assets Cash and Cash Equivalents Accounts Receivable Prepaids Total Current Assets
$1,585,411 $1,185,415 19,388 31,776 511 627 1,605,310 1,217,818
Noncurrent Assets Capital Assets Not Being Depreciated 24,300 Capital Assets Being Depreciated (Net) 428,315 Total Noncurrent Assets 452,615 TOTAL ASSETS 2,057,925 DEFERRED OUTFLOWS OF RESOURCES Pensions
21,025
LIABILITIES Accounts Payable 3,018 Salaries Payable 2,619 Accrued Interest Compensated Absences Due Within One Year 6,038 Bonds Due Within One Year Total Current Liabilities 11,675 Noncurrent Liabilities Bonds Due After One Year Net Pension Liability Total Noncurrent Liabilities TOTAL LIABILITIES
29,435 29,435 41,110
DEFERRED INFLOWS OF RESOURCES Pensions POSITION Net Investment in Capital Assets Unrestricted TOTAL NET POSITION
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28,064
OPERATING EXPENSES 4.76% Wages and Bene ts 81,604 0.12% Materials and Supplies 38,686 12.69% Repairs and Maintenance 20,444 2505000.00% Professional Services 23,220 73.17% Insurance 2,264 11.46% Utilities 24,192 -33.65% Miscellaneous 11,117 154.56% Depreciation 41,242 -90.56% TOTAL OPERATING EXPENSES 242,769 -52.05% 12.89% NET OPERATING INCOME (LOSS) 89,312 4.68% -32.42% NONOPERATING INCOME (EXPENSE) Special Assessments 1,022 Intergovernmental 73 Connection Fees 60,654 -9.68% Investment Income 1,015 0.48% Miscellaneous 13 31.73% Interest and Other Charges 21.32% NET NONOPERATING INCOME -45.96% (EXPENSE) 62,777 43.93% CHANGE IN NET POSITION 152,089 0.00% -33.33% NET POSITION 1.15% BEGINNING OF YEAR 1,857,687 -34.70% NET POSITION - END OF YEAR $2,009,776 -50.00% -67.72%
$547,302 28,426 5,774 1 84,085 363,954 118,391 3,134 6,645 119,589 96,419 $1,373,720 $1,077.43
$266,199 552,659 124,796 32,077 85,110 256,525
162,336 1,177,806 1,340,142 2,557,960 26,951 2,433 1,903 1,508 214 68,000 74,058
80,218 6,119 39,987 12,181 2,392 9,842 3,835 92,624 247,198
559 559
161,822 44,805 60,431 35,960 4,656 34,034 14,952 133,866 490,526
32,926
27,034
149,272
1,022 93 83,700 1,015 (4,981)
-
2,044 166 144,354 2,030 13 (4,981)
80,849
-
143,626
113,775
27,034
292,898
2,182,353
23,762
4,063,802
$2,296,128
$50,796
$4,356,700
CITY OF RICE, MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2021 Nonmajor Storm Water Water Fund Sewer Fund Fund CASH FLOWS FROM OPERATING Nonmajor ACTIVITIES Storm Water Cash Received from Customers $334,962 $268,443 $27,086 Fund Totals Cash Paid to Suppliers (119,192) (73,060) (559) Cash Paid to Employees (79,629) (86,875) NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES $48,348 $2,819,174 136,141 108,508 26,527 2,448 53,612 1,138 CASH FLOWS FROM NONCAPITAL FINANCING 50,796 2,873,924 ACTIVITIES Taxes and Intergovernmental 73 93 Other Receipts from Customers 60,667 83,700 186,636 NET CASH PROVIDED (USED) BY NONCAPITAL 1,606,121 FINANCING ACTIVITIES 60,740 83,793 1,792,757 50,796 4,666,681 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Special Assessments 1,022 1,022 47,976 Payments on Bond Principal (67,000) Cash Paid for Interest (5,464) NET CASH PROVIDED (USED) BY CAPITAL AND 5,451 RELATED FINANCING ACTIVITIES 1,022 (71,442) 4,522 1,508 CASH FLOWS FROM INVESTING ACTIVITIES 6,252 Investment Income 1,015 1,015 68,000 85,733 Net Change in Cash and Cash Equivalents 198,918 121,874 26,527 45.99% -5.75%
141,000 37,742 178,742 252,800
-
35,983
-
452,615 1,131,142 1,557,161 1,164,986 $2,009,776 $2,296,128
50,796 $50,796
141,000 Cash and Cash Equivalents 67,177 - Beginning of Year 208,177 293,910 Cash and Cash Equivalents - End of Year
W What is your role at Star PPublications: Writer with Dairy St Star Te Tell us about your family. Son, Aus Austin. What are your hobbies? Breeding and showing registered Jerseys. What superpower would you want? I’d want to be the fairy godmother in Cinderella, bippety boppity boo.
Totals $630,491 (192,811) (166,504) 271,176
166 144,367 144,533
2,044 (67,000) (5,464) (70,420) 2,030 347,319
1,386,493
1,063,541
21,821
2,471,855
$1,585,411
$1,185,415
$48,348
$2,819,174
$27,034
$149,272
-
133,866
(507) -
(9,307) (443)
-
(36,858) 2,470 521 (4,057) (24,649)
-
60,361
$26,527
$271,176
64,047 RECONCILIATION OF NET OPERATING INCOME (LOSS) NET TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES 1,583,757 Net Operating Income (Loss) $89,312 $32,926 2,772,943 Adjustments to Reconcile Net Operating Income (Loss) $4,356,700 to Net Cash Provided (Used) by Operating Activities: Depreciation Expense 41,242 92,624 Changes in Assets, Liabilities, and Deferrals: Accounts Receivable 2,881 (11,681) Prepaids (212) (231) Deferred Out ows of Resources - Pensions (16,152) (20,706) Accounts Payable 943 1,527 Salaries Payable 930 (409) Compensated Absences 1,591 (5,648) Net Pension Liability (10,841) (13,808) Deferred In ows of Resources - Pensions 26,447 33,914
Danielle Nauman Hometown: Marshfield, Wisconsin
Benton Ag Benton County News Classy Canary Country Acres Dairy Star Sauk Centre Herald Sauk Rapids Herald Star Post Star Shopper 320-352-6577
CITY OF RICE, MINNESOTA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2021 Nonmajor Storm Water Water Fund Sewer Fund Fund Totals OPERATING REVENUES Charges for Services $332,081 $280,124 $27,593 $639,798
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES $136,141
$108,508
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