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<br />CITY OF LINO LAKES, MINNESOTA Statement 7
<br />STATEMENT OF NET POSITION - PROPRIETARY FUNDS
<br />December 31, 2015
<br />Total
<br />Water Sewer 2015
<br />Current assets:
<br />Cash and cash equivalents 5,738,284$ 8,141,597$ 13,879,881$
<br />Accounts receivable 151,533 219,451 370,984
<br />Due from other governmental units - 1,594 1,594
<br />Interfund receivable - 559,110 559,110
<br />Due from county - special assessments 1,655 1,655 3,310
<br />Prepaid items 7,255 17,375 24,630
<br />Total current assets 5,898,727 8,940,782 14,839,509
<br />Non-current assets:
<br /> Inventory 42,022 - 42,022
<br />Capital assets not being depreciated:
<br /> Construction in progress 1,259,174 570,897 1,830,071
<br />Capital assets being depreciated:
<br /> Buildings - - -
<br /> Equipment 120,723 328,432 449,155
<br /> Water and sewer systems 20,891,552 22,164,830 43,056,382
<br />Total capital assets 22,271,449 23,064,159 45,335,608
<br />Less: allowance for depreciation (7,692,655) (8,515,124) (16,207,779)
<br />Net capital assets 14,578,794 14,549,035 29,127,829
<br />Total noncurrent assets 14,620,816 14,549,035 29,169,851
<br />Total assets 20,519,543 23,489,817 44,009,360
<br />Deferred Outflows of Resources 5,833 5,827 11,660
<br />Total Assets and Deferred Outflows of Resources 20,525,376 23,495,644 44,021,020
<br />Current liabilities:
<br /> Accounts payable 30,462 10,713 41,175
<br /> Salaries payable 7,728 7,728 15,456
<br /> Other accrued liabilities 7,140 - 7,140
<br /> Compensated absences payable - current portion 18,792 18,792 37,584
<br />Total current liabilities 64,122 37,233 101,355
<br />Non-current liabilities:
<br /> Compensated absences payable - long term 13,300 13,300 26,600
<br /> Net Pension Liability 42,622 42,580 85,202
<br />Total noncurrent liabilities 55,922 55,880 111,802
<br />Total liabilities 120,044 93,113 213,157
<br />Deferred Inflows of Resources 3,704 3,700 7,404
<br />Total Liabilities and Deferred Inflows of Resources 123,748 96,813 220,561
<br /> Investment in capital assets 14,578,794 14,549,035 29,127,829
<br /> Unrestricted 5,822,834 8,849,796 14,672,630
<br />Total net position 20,401,628 23,398,831 43,800,459
<br />Total Liabilities, Deferred Inflows of Resources,
<br />and Net Position 20,525,376$ 23,495,644$ 44,021,020$
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Assets
<br />Liabilities
<br />Net position
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