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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31,2015
<br />Note3 CAPITAL ASSETS (CONTINUED\
<br />Busioess-Type Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Construction in Progress
<br />Total Capital Assets, Not Being Depreciated
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Capital Assets, Being Depreciated
<br />Accumulated Depreciation for:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Accumulated Depreciation
<br />Total Capital Assets, Being Depreciated, Net
<br />Business-Type Capital Assets, Net
<br />Beginning
<br />Balance
<br />48,690
<br />545,511
<br />41,495,364
<br />42,089,565
<br />(48,690)
<br />(334,484)
<br />{14,150,370)
<br />{14,533,544l
<br />27,556,021
<br />27,556,021
<br />Increases Decreases
<br />1,830,071
<br />1,830,071
<br />15,103 (66,174)
<br />1467 043
<br />1,482,146 (66,174)
<br />(27,300) 54,964
<br />~1,701,899l
<br />p,729,199l 54,964
<br />~247,053l ~11.210l
<br />s 1,583,018 $ (11,210)
<br />Depreciation expense charged to functions/programs oftbe primary governmeot as follows:
<br />Govemmentlll Activities:
<br />General Government
<br />Public Safi:ty
<br />Public Services
<br />Parks, Recreation and F orestly
<br />Conservation ofNatural Resources
<br />Community Development
<br />Total Depreciation Expense, Governmental Activities
<br />Business-type Activities:
<br />Water
<br />Sewer
<br />Total Depreciation Expense, Governmental Activities
<br />334,252
<br />309,057
<br />3,721,888
<br />224,712
<br />512
<br />501
<br />4,590,922
<br />836,772
<br />892,427
<br />1,729,199
<br />Ending
<br />Transfers Balance
<br />1,830.o'1
<br />1,830,071
<br />(48,690)
<br />(45,285) 449,155
<br />93,2ZL 43,056,382
<br />43,505,537
<br />48,690
<br />10,551 (296,269)
<br />(59,241l ~15,911,510l
<br />{16o207,779l
<br />27,297,758
<br />29,127,829
<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31,2015
<br />Note4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2015 is composed of tbe following:
<br />Final
<br />Issue Maturity
<br />Date Date
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2013A Equipment Certificates 2/1/2013 12/31/2015
<br />2014A Equipment Certificates 2/15/2014 12/31/2017
<br />201SA Equipment Certificates 2/1/2015 12/31/2018
<br />2015B Equipment Certificates 8/25/2015 12/31/2020
<br />G.O. Tax Abatement Bonds, Series 2006C 8115/2006 2/1/2023
<br />G.O. Utility Revenue Bonds, Series 20060 8115/2006 2/1/2017
<br />G.O. CIP Refunding Bonds, Series 2006E 1111/2006 2/1/2018
<br />G.O. Tax Increment Financing Bonds,
<br />Series 2007A 7/15/2007 2/1/2024
<br />G.O. Refunding Bonds, Series 2012A 11115/2012 2/1/2024
<br />G.0Bonds2015A 811/2015 2/1/2031
<br />EDA Leased Revenue Bonds 2015B 10/1/2015 4/1/2036
<br />Total General Obligation Bonds
<br />Special Assessment Bonds:
<br />G.O.lmprovemern Bonds, Series 2005A 1111/2005 2/112021
<br />G.O.Improvement Refunding Bonds,
<br />Series 2005B 11/1/2005 2/1/2015
<br />G.O. Improvement & Utility Revenue Refunding
<br />Bnnds, Series 2010A 7/9/2010 2/1/2020
<br />0.0. Improvement Bonds, Series 2013A 7/15/2013 2/1/2024
<br />G.O. Improvement Bonds, Series 2014A 11/20/2014 2/1/2026
<br />Total Special Assessment Bonds
<br />Total Bonds
<br />Note Payable -Anoka County -2009F 811/2009 8/1/2024
<br />Unamortized Bond Discounts
<br />Unamortized Bond Premiwns
<br />Compensated Absences Payable
<br />Other Post Employmern Benefit Plan
<br />Total Governmental Activities
<br />Business-Type Activities:
<br />Compensated Absences Payable
<br />Interest Original Payable
<br />Rate Issue 12/31/2015 -----
<br />l.OO"A. 193,000 $ 65,000
<br />1.00% 495,000 335,000
<br />1.00% 198,250 198,250
<br />1.500/o 963,000 963,000
<br />4.00o/...4.30% 2,460,000 1,925,000
<br />4.00%-4.15% 570,000 135,000
<br />4.00"A. 2,990,000 1,210,000
<br />4.00%-4.125% 4o215,000 2,405,000
<br />1.00"/~2.00% 2,015,000 1,725,000
<br />2.00o/o-3.00o/o 3,095,000 3,095,000
<br />2.00o/o-3.00% 4,350,000 4,350,000
<br />21,664o250 16,406,250
<br />4.3So/~5.15% 5,550,000 2,760,000
<br />3.75o/o-5.00% 3,755,000
<br />2.00o/o-3.000/o 1,000,000 525,000
<br />1.25o/...4.00% 615,000 555,000
<br />0.40%-2.30% ~ 2,645,000
<br />~ 6,485,000
<br />35,479o250 22,891,250
<br />4.00o/o-3.700/o 4,260,000 1,720,000
<br />(45,490) (29,089)
<br />202;370 135,130
<br />N/A 688,905
<br />~ 90,852
<br />39,896,130 $ 25,497,048
<br />N/A $ 64,184 IV-25
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