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City of Lathrop
<br /> Statement of Net Position
<br /> Proprietary Funds
<br /> June 30, 2025
<br /> Governmental
<br /> Business-Type Activities-Enterprise Funds Activities
<br /> Compensated
<br /> Absences Internal
<br /> Water Sewer Totals ServiceFund
<br /> ASSETS
<br /> Current Assets:
<br /> Cash and investments $ 46,239,941 $ 49,185,382 $ 95,425,323 $ 3,702,655
<br /> Receivables:
<br /> Accounts(net of allowancefor uncollectibles) 2,870,570 1,550,064 4,420,634
<br /> Accrued interest 102,940 94,661 197,601
<br /> Restricted.
<br /> Cash and with fiscal agent 1,486,322 - 1,486,322 -
<br /> Total current assets 50,699,773 50,830,107 101,529,880 3,702,655
<br /> Noncurrent:
<br /> Capital assets:
<br /> Nondepreaablecapital assets 3,744,569 35,158,099 38,902,668 -
<br /> Dep red able cap ital assets 119,806,955 197,326,324 317,133,279
<br /> Accumulated depredation (38,700,855) (41,104,150) (79,805,005)
<br /> Net capital assets 84,850,669 191,380,273 276,230,942
<br /> Total noncurrent assets 84,850,669 191,380,273 276,230,942 -
<br /> Total assets 135,550,442 242,210,380 377,760,822 3,702,655
<br /> DEFERRED OUTFLOWS OF RESOURCES
<br /> Deferred pension related items 464,764 296,777 761,541 -
<br /> Deferred OPEB related items 163,589 104,355 267,944
<br /> Total deferred outflowsof resources 628,353 401,132 1,029,485
<br /> LIABILITIES
<br /> Current liabilities:
<br /> A ccou nts payabl a 1,433,525 14,937,015 16,370,540
<br /> Accrued interest 21,562 - 21,562
<br /> Deposits payable 1,062,495 31,288 1,093,783 -
<br /> Accrued compensated absences 70,851 30,638 101,489 1,680,901
<br /> Loans payable 1,716,112 - 1,716,112 -
<br /> Total current liabilities 4,304,545 14,998,941 19,303,486 1,680,901
<br /> Noncurrent liabilities:
<br /> Advancesfrom other funds - 808,186 808,186 -
<br /> Accrued compensated absences 38,150 16,498 54,648 2,021,754
<br /> Net pension liability 687,635 444,590 1,132,225 -
<br /> NetOPEBliability 170,037 108,539 278,576
<br /> Loans payable 10,156,303 - 10,156,303 -
<br /> Total noncurrent liabilities 11,052,125 1,377,813 12,429,938 2,021,754
<br /> Total liabilities 15,356,670 16,376,754 31,733,424 3,702,655
<br /> DEFERRED INFLOWS OF RESOURCES
<br /> Deferred pension related items 6,914 4,414 11,328 -
<br /> Deferred OPEB related items 24,179 15,284 39,463
<br /> Total deferred infIowsof resources 31,093 19,698 50,791
<br /> NET POSITION
<br /> Net investment in capital assets 72,978,254 191,380,273 264,358,527
<br /> Restricted for debt service 1,486,322 - 1,486,322
<br /> Unrestricted 46,326,456 34,834,787 81,161,243
<br /> Total net position $ 120,791,032 $ 226,215,060 $ 347,006,092 $
<br /> See accom panyi ng N otes to Basi c Fi n an ci al Statem ents.
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