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<br />CITY OF LINO LAKES, MINNESOTA Statement 1
<br />STATEMENT OF NET POSITION
<br />December 31, 2015
<br />Governmental
<br />Activities
<br />Business-type
<br />Activities Total
<br />ASSETS
<br />Cash and investments 21,973,812$ 13,879,881$ 35,853,693$
<br />Accrued interest receivable 61,680 - 61,680
<br />Accounts receivable 132,531 370,984 503,515
<br />Due from other governments 101,048 1,594 102,642
<br />Internal balances (559,110) 559,110 -
<br />Taxes receivable 237,384 - 237,384
<br />Special assessments receivable 9,728,587 3,310 9,731,897
<br />Long-term notes receivable 225,000 - 225,000
<br />Prepaid items 221,854 24,630 246,484
<br />Inventory - 42,022 42,022
<br />Permanently restricted cash and investments 100,000 - 100,000
<br />Capital assets:
<br />Land 3,275,859 - 3,275,859
<br />Construction in progress 7,268,375 1,830,071 9,098,446
<br />Other capital assets, net of depreciation 30,683,803 27,297,758 57,981,561
<br />Total assets 73,450,823 44,009,360 117,460,183
<br />Deferred Outflows of Resources:
<br />Deferred Outflows - Pensions 985,081 11,660 996,741
<br />LIABILITIES
<br />Accounts payable 673,470 41,175 714,645
<br />Salaries payable 312,028 15,456 327,484
<br />Contracts and retainage payable 1,354,249 - 1,354,249
<br />Accrued interest payable 338,379 - 338,379
<br />Due to other governments 1,687 - 1,687
<br />Other accrued liabilities - 7,140 7,140
<br />Net Pension Liability:
<br />Due in more than one year 4,868,844 85,202 4,954,046
<br />Non-current liabilities:
<br />Due within one year 3,220,894 37,584 3,258,478
<br />Due in more than one year 22,276,154 26,600 22,302,754
<br />Total liabilities 33,045,705 213,157 33,258,862
<br />Deferred Inflows of Resources:
<br />Deferred Inflows - Pensions 636,040 7,404 643,444
<br />NET POSITION
<br />Net Investment in Capital Assets 18,230,746 29,127,829 47,358,575
<br />Restricted for:
<br />Debt service - expendable 8,196,461 - 8,196,461
<br />Economic development 225,000 - 225,000
<br />Public safety 76,794 - 76,794
<br />Culture and recreation 13,247 - 13,247
<br />Environmental improvements - expendable 23,791 - 23,791
<br />Environmental improvements - nonexpendable 100,000 - 100,000
<br />Unrestricted 13,888,120 14,672,630 28,560,750
<br />Total net position 40,754,159$ 43,800,459$ 84,554,618$
<br />The accompanying notes are an integral part of these basic financial statements.
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