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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2015
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<br />47
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<br />Note 2 DEPOSITS AND INVESTMENTS (CONTINUED)
<br />B. INVESTMENTS (CONTINUED)
<br />Concentration of Credit Risk
<br />
<br />The City places no limit on the amount that it may invest in any one issuer. The following is a list of
<br />investments which individually comprise more than 5% of the city’s total investments:
<br />
<br />Type Amount Percentage
<br />Citibank SDA 2,939,195$ 8.52%
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<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2015 was as follows:
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land 3,275,859$ -$ -$ -$ 3,275,859$
<br />Construction in Progress 808,093 7,268,375 (808,093) - 7,268,375
<br />Total Capital Assets, Not Being Depreciated 4,083,952 7,268,375 (808,093) - 10,544,234
<br />Capital Assets, Being Depreciated:
<br />Buildings 6,765,619 - - - 6,765,619
<br />Office Equipment and Furniture 1,398,722 108,321 (167,991) (702,619) 636,433
<br />Vehicles 2,891,461 526,556 (270,155) (24,966) 3,122,896
<br />Machinery and Shop Equipment 960,720 684,076 (91,619) 702,619 2,255,796
<br />Other Equipment 952,447 28,384 - 24,966 1,005,797
<br />Infrastructure 78,607,804 1,872,963 - - 80,480,767
<br />Total Capital Assets, Being Depreciated 91,576,773 3,220,300 (529,765) - 94,267,308
<br />Accumulated Depreciation for:
<br />Buildings (3,648,780) (314,426) - - (3,963,206)
<br />Office Equipment and Furniture (1,033,723) (35,760) 139,878 427,135 (502,470)
<br />Vehicles (1,721,431) (534,894) 266,735 8,065 (1,981,525)
<br />Machinery and Shop Equipment (624,333) (143,346) 48,545 (427,135) (1,146,269)
<br />Other Equipment (784,643) (19,967) - (8,065) (812,675)
<br />Infrastructure (51,634,831) (3,542,529) - - (55,177,360)
<br />Total Accumulated Depreciation (59,447,741) (4,590,922) 455,158 - (63,583,505)
<br />Total Capital Assets, Being Depreciated, Net 32,129,032 (1,370,622) (74,607) - 30,683,803
<br />Governmental Activities Capital Assets, Net 36,212,984$ 5,897,753$ (882,700)$ -$ 41,228,037$
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