|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2016
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $28,617,570 $13,470,487 $42,088,057
<br />Accrued interest receivable 69,933 - 69,933
<br />Due from other governmental units 91,736 2,023 93,759
<br />Accounts receivable - net 95,628 358,559 454,187
<br />Prepaid items 226,334 29,247 255,581
<br />Internal balances (559,110) 559,110 -
<br />Inventory - 81,827 81,827
<br />Taxes receivable 212,331 - 212,331
<br />Special assessments receivable 8,500,722 - 8,500,722
<br />Long-term notes receivable 225,000 - 225,000
<br />Capital assets - nondepreciable 12,236,921 5,617,436 17,854,357
<br />Capital assets - net of accumulated depreciation 28,917,504 26,243,174 55,160,678
<br />Total assets 78,634,569 46,361,863 124,996,432
<br />Deferred outflows of resources related to pensions 8,780,333 168,302 8,948,635
<br />Liabilities:
<br />Accounts payable 319,222 200,378 519,600
<br />Salaries payable 107,758 6,020 113,778
<br />Due to other governmental units 2,528 - 2,528
<br />Contracts payable 640,483 74,403 714,886
<br />Other accrued liabilities - 6,485 6,485
<br />Accrued interest payable 261,347 - 261,347
<br />Compensated absences payable:
<br />Due within one year 467,558 34,786 502,344
<br />Due in more than one year 266,857 31,604 298,461
<br />Other post employment benefits 97,147 - 97,147
<br />Bonds and notes payable:
<br />Due within one year 7,103,525 - 7,103,525
<br />Due in more than one year 20,637,556 - 20,637,556
<br />Net pension liability:
<br />Due in more than one year 13,144,874 402,208 13,547,082
<br />Total liabilities 43,048,855 755,884 43,804,739
<br />Deferred inflows of resources related to pensions 1,546,117 50,224 1,596,341
<br />Net position:
<br />Net investment in capital assets 18,597,344 31,860,610 50,457,954
<br />Restricted for:
<br />Debt service 12,481,303 - 12,481,303
<br />Economic development 225,000 - 225,000
<br />Tax increment purposes 438,026 - 438,026
<br />Environmental improvements - nonexpendable 100,000 - 100,000
<br />Environmental improvements - expendable 13,855 - 13,855
<br />Other purposes 84,668 - 84,668
<br />Unrestricted 10,879,734 13,863,447 24,743,181
<br />Total net position $42,819,930 $45,724,057 $88,543,987
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
<br />31
|