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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2013
<br />Statement 1
<br />The accompanying notes are an integral part of these basic financial statements.
<br />22
<br />Governmental
<br />Business -type
<br />Activities
<br />Activities
<br />Total
<br />ASSETS
<br />Cash and investments
<br />$ 22,028,036
<br />$ 12,077,789
<br />$ 34,105,825
<br />Accrued interest receivable
<br />71,531
<br />-
<br />71,531
<br />Accounts receivable
<br />112,717
<br />415,086
<br />527,803
<br />Due from other governments
<br />67,878
<br />1,643
<br />69,521
<br />Internal balances
<br />(559,110)
<br />559,110
<br />-
<br />Taxes receivable
<br />301,342
<br />-
<br />301,342
<br />Special assessments receivable
<br />10,779,249
<br />2,624
<br />10,781,873
<br />Long-term notes receivable
<br />225,000
<br />-
<br />225,000
<br />Prepaid items
<br />178,507
<br />21,396
<br />199,903
<br />Inventory
<br />-
<br />14,684
<br />14,684
<br />Permanently restricted cash and investments
<br />121,475
<br />-
<br />121,475
<br />Capital assets:
<br />Land
<br />3,275,859
<br />-
<br />3,275,859
<br />Other capital assets, net of depreciation
<br />34,579,114
<br />28,423,284
<br />63,002,398
<br />Total assets
<br />71,181,598
<br />41,515,616
<br />112,697,214
<br />LIABILITIES
<br />Accounts payable
<br />398,205
<br />23,951
<br />422,156
<br />Salaries payable
<br />243,829
<br />14,720
<br />258,549
<br />Contracts and retainage payable
<br />143,141
<br />-
<br />143,141
<br />Accrued interest payable
<br />295,994
<br />-
<br />295,994
<br />Due to other governments
<br />517
<br />-
<br />517
<br />Other accrued liabilities
<br />1,765
<br />297
<br />2,062
<br />Non-current liabilities:
<br />Due within one year
<br />3,426,332
<br />34,824
<br />3,461,156
<br />Due in more than one year
<br />16,580,325
<br />19,358
<br />16,599,683
<br />Total liabilities
<br />21,090,108
<br />93,150
<br />21,183,258
<br />NET POSITION
<br />Net Investment in Capital Assets
<br />22,241,821
<br />28,423,284
<br />50,665,105
<br />Restricted for:
<br />Debt service - expendable
<br />10,653,558
<br />-
<br />10,653,558
<br />Economic development
<br />225,000
<br />-
<br />225,000
<br />Environmental improvements - expendable
<br />21,475
<br />-
<br />21,475
<br />Environmental improvements - nonexpendable
<br />100,000
<br />-
<br />100,000
<br />Unrestricted
<br />16,849,636
<br />12,999,182
<br />29,848,818
<br />Total net position
<br />$ 50,091,490
<br />$ 41,422,466
<br />$ 91,513,956
<br />The accompanying notes are an integral part of these basic financial statements.
<br />22
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