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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
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<br />investments are held, and diversifying the investment portfolio. This is measured by the assignment of
<br />a rating by a nationally recognized statistical rating organization.
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<br />Concentration of Credit Risk – Concentration of credit risk is the risk of loss that may be attributed to
<br />the magnitude of a government’s investment in a single issuer. The City places no limit on the amount
<br />it may invest in any one issuer. As of December 31, 2016, no individual investments exceeded 5% of
<br />the City’s total investment portfolio.
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<br />Note 3 RECEIVABLES
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<br />Significant receivable balances not expected to be collected within one year of December 31, 2016 are as
<br />follows:
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<br />Property Special
<br />Taxes Assessments Notes
<br />Receivable Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $38,521 $ - $ - $38,521
<br /> G.O. Improvement Bonds of 2005A - 2,994,379 - 2,994,379
<br /> G.O. Improvement Note of 2009A - 2,790,523 - 2,790,523
<br /> Area and Unit Charge - 984,326 - 984,326
<br />Nonmajor Funds 8,329 1,411,306 225,000 1,644,635
<br /> Total $46,850 $8,180,534 $225,000 $8,452,384
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<br />Note 4 UNAVAILABLE REVENUE
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<br />Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. At the end of the current fiscal year, the
<br />various components of unavailable revenue reported in the governmental funds are as follows:
<br />
<br />Property Special
<br />Taxes Assessments
<br />Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $73,316 $ - $73,316
<br /> G.O. Improvement Bonds of 2005A - 2,994,379 2,994,379
<br /> G.O. Improvement Note of 2009A - 2,809,742 2,809,742
<br /> Area and Unit Charge - 1,093,787 1,093,787
<br />Nonmajor Funds 15,101 1,593,059 1,608,160
<br /> Total $88,417 $8,490,967 $8,579,384
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