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06-05-2017 Council Packet
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06-05-2017 Council Packet
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2/8/2018 11:00:15 AM
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6/6/2017 2:19:50 PM
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City Council
Council Document Type
Council Packet
Meeting Date
06/05/2017
Council Meeting Type
Work Session Regular
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CITY OF LINO LAKES, MINNESOTA <br />BALANCE SHEET <br />GOVERNMENTAL FUNDS <br />December 31, 2016 <br />327 G.O. <br />Improvement <br />General Fund Bonds of 2005A <br />Assets <br />Cash and investments $6,044,322 $3,102,978 <br />Accrued interest receivable 69,933 - <br />Due from other governmental units 91,736 - <br />Accounts receivable - net 59,875 - <br />Prepaid items 225,114 - <br />Advances to other funds - - <br />Taxes receivable: <br />Due from county 96,175 - <br />Delinquent 73,316 - <br />Special assessments receivable: <br />Due from county - - <br />Delinquent - - <br />Deferred - 2,994,379 <br />Interfund loan receivable - - <br />Long-term notes receivable - - <br />Total assets $6,660,471 $6,097,357 <br /> Liabilities, Deferred Inflows of Resources, and Fund Balances <br />Liabilities: <br />Accounts payable $221,010 $200 <br />Salaries payable 107,426 - <br />Due to other governmental units 2,528 - <br />Contracts payable - - <br />Advances from other funds - - <br />Interfund loan payable - 2,876,643 <br />Total liabilities 330,964 2,876,843 <br />Deferred inflows of resources: <br />Unavailable revenue 73,316 2,994,379 <br />Fund balance: <br />Nonspendable 225,114 - <br />Restricted - 226,135 <br />Committed - - <br />Assigned - - <br />Unassigned 6,031,077 - <br />Total fund balance 6,256,191 226,135 <br />Total liabilities, deferred inflows of resources, and fund balance $6,660,471 $6,097,357 <br />The accompanying notes are an integral part of these financial statements. <br />34
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