What does this Statement of Net Position show?

It summarizes the city's sewer and storm sewer fund assets, deferred outflows, liabilities, and net positions as of December 31, 2025.

How much cash do the proprietary funds hold?

Combined cash and temporary investments total $1,132,109.

What is the value of infrastructure after depreciation?

Infrastructure is reported at $2,556,858 with accumulated depreciation of $945,520, yielding net noncurrent assets of $1,611,338.

Public Notice — Lauderdale

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Affects:Government AgenciesGeneral Public

This is the City of Lauderdale's Statement of Net Position for proprietary funds (Sewer and Storm Sewer) as of December 31, 2025, showing assets, deferred outflows, liabilities, and net positions. It reports totals for cash, receivables, capital assets, and pension-related items.

Key Takeaways

Total assets for proprietary funds: $2,864,528
Cash and temporary investments total $1,132,109
Capital (infrastructure) net of depreciation: $1,611,338
Total current liabilities: $20,561
Net pension liability: $39,743

Published: May 9, 2026 · 1 week ago
Category: Other
City: Lauderdale

What to do next

1
Review full financial statements

Obtain the complete 2025 financial report from the City of Lauderdale finance office for context and accompanying notes.

2

Ask about pension assumptions

Contact city finance or the pension administrator to clarify deferred pension resources and net pension liability details.

Frequently asked questions

What does this Statement of Net Position show?: It summarizes the city's sewer and storm sewer fund assets, deferred outflows, liabilities, and net positions as of December 31, 2025.
How much cash do the proprietary funds hold?: Combined cash and temporary investments total $1,132,109.
What is the value of infrastructure after depreciation?: Infrastructure is reported at $2,556,858 with accumulated depreciation of $945,520, yielding net noncurrent assets of $1,611,338.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

Deferred outflows of resources: Expenses recognized later than when cash was paid, often for pensions or other post‑employment items.
Net pension liability: The shortfall between a pension plan's obligations and its assets for the employer's share.
Accumulated depreciation: Total depreciation recorded to date that reduces an asset's book value.

Full Notice Text

City of Lauderdale, Minnesota
Statement of Net Position
Proprietary Funds
December 31, 2025
Sewer Storm Sewer Total
Assets
Current Assets
Cash and temporary investments 720,016
$ 412,093
$ 1,132,109
$
Receivables
Accounts receivable 55,782 29,453 85,235
Special assessments 17,500 - 17,500
Due from other governments - 13,715 13,715
Prepaid items 3,128 1,503 4,631
Total Current Assets 796,426 456,764 1,253,190
Noncurrent Assets
Capital assets
Infrastructure 2,556,858 - 2,556,858
Less accumulated depreciation (945,520) - (945,520)
Total Noncurrent Assets 1,611,338 - 1,611,338
Total Assets 2,407,764 456,764 2,864,528
Deferred Outflows of Resources
Deferred pensions resources 6,526 5,363 11,889
Liabilities
Current Liabilities
Accounts payable 16 6,118 6,134
Due to other governments 15 - 15
Compensated absences payable 7,661 6,751 14,412
Total Current Liabilities 7,692 12,869 20,561
Noncurrent Liabilities
Net pension liability 22,016 17,727 39,743
Total Liabi