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CITY OF SUNNY ISLES BEACH, FLORIDA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />SEPTEMBER 30, 2023
<br />The accompanying notes to basic financial statements are an integral part of these statements.
<br />19
<br />American
<br />General
<br />Law
<br />Rescue
<br />Capital
<br />Enforcement
<br />Nonmajor
<br />Total
<br />General
<br />Plan
<br />Projects
<br />Trust
<br />Governmental
<br />Governmental
<br />Fund
<br />Fund
<br />Fund
<br />Fund
<br />Funds
<br />Funds
<br />Assets:
<br />Cash and cash equivalents
<br />$ 41,702,735
<br />$ 914,598
<br />$ 9,213,010
<br />$ 2,580,019
<br />$ 7,045,612
<br />$ 61,455,974
<br />Investments
<br />32,384,771
<br />-
<br />6,578,591
<br />1,883,442
<br />5,326,919
<br />46,173,723
<br />Inventory
<br />--
<br />-
<br />-
<br />--
<br />6,760
<br />6,760
<br />Receivables, net
<br />2,025,285
<br />299,181
<br />376,313
<br />2,700,779
<br />Lease receivable
<br />50,184,823
<br />--
<br />--
<br />--
<br />50,184,823
<br />Interest receivable
<br />181,139
<br />39,160
<br />10,966
<br />29,947
<br />261,212
<br />Prepaids
<br />1,323,047
<br />--
<br />--
<br />1,350
<br />240
<br />1,324,637
<br />Total Assets
<br />$ 127,801,800
<br />$ 914,598
<br />$ 16,129,942
<br />$ 4,475,777
<br />$ 12,785,791
<br />$ 162,107,908
<br />Liabilities:
<br />Accounts payable
<br />$ 1,111,081
<br />$ -
<br />$ 139,201
<br />$ 428,640
<br />$ 316,201
<br />$ 1,995,123
<br />Accrued liabilities
<br />1,764,356
<br />--
<br />427,266
<br />0
<br />225,413
<br />2,417,035
<br />Unearned revenue
<br />28,819
<br />900,000
<br />288,113
<br />1,658,321
<br />2,875,253
<br />Total Liabilities
<br />2,904,256
<br />900,000
<br />854,580
<br />428,640
<br />2,199,935
<br />7,287,411
<br />Deferred Inflows of Resources:
<br />Leases
<br />48,490,426
<br />--
<br />-
<br />--
<br />--
<br />48,490,426
<br />Unavailable revenue - taxes
<br />--
<br />-
<br />165,721
<br />165,721
<br />Total Deferred Inflows of Resources
<br />48,490,426
<br />165,721
<br />48,656,147
<br />Fund Balances:
<br />Nonspendable:
<br />Inventory
<br />--
<br />-
<br />-
<br />--
<br />6,760
<br />6,760
<br />Prepaids
<br />1,323,047
<br />-
<br />-
<br />1,350
<br />240
<br />1,324,637
<br />Restricted for:
<br />American rescue plan
<br />--
<br />14,598
<br />-
<br />--
<br />--
<br />14,598
<br />Law enforcement
<br />-
<br />-
<br />4,045,787
<br />--
<br />4,045,787
<br />Building
<br />-
<br />-
<br />--
<br />7,286,493
<br />7,286,493
<br />Public art
<br />1,376,685
<br />1,376,685
<br />Transportation
<br />--
<br />-
<br />1,749,957
<br />1,749,957
<br />Committed to:
<br />Hurricane/emergency and disaster
<br />Recovery operating reserves
<br />10,000,000
<br />-
<br />--
<br />10,000,000
<br />Assigned to:
<br />Capital projects
<br />--
<br />-
<br />15,275,362
<br />15,275,362
<br />Fiscal stability reserve
<br />9,435,751
<br />-
<br />-
<br />9,435,751
<br />Unassigned:
<br />General Fund
<br />55,648,320
<br />55,648,320
<br />Total Fund Balances
<br />76,407,118
<br />14,598
<br />15,275,362
<br />4,047,137
<br />10,420,135
<br />106,164,350
<br />Total Liabilities and Fund Balances
<br />$ 127,801,800
<br />$ 914,598
<br />$ 16,129,942
<br />$ 4,475,777
<br />$ 12,785,791
<br />$ 162,107,908
<br />The accompanying notes to basic financial statements are an integral part of these statements.
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