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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 2 DEPOSITS AND INVESTMENTS (CONTINUED)
<br />B. INVESTMENTS (CONTINUED)
<br />Concentration of Credit Risk
<br />The City places no limit on the amount that it may invest in any one issuer. The following is a list of
<br />investments which individually comprise more than 5% of the City's total investments:
<br />Type Amount Percentage
<br />Federal National Mortgage Assn. $ 2,543,496 8.04%
<br />Federal Home Loan Bank 2,434,579 7.69%
<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2013 was as follows:
<br />46
<br />Beginning
<br />Ending
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land
<br />$ 3,275,859
<br />$ -
<br />$
<br />$ 3,275,859
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />6,530,334
<br />195,783
<br />6,726,117
<br />Office Equipment and Furniture
<br />1,372,230
<br />36,904
<br />(26,102)
<br />1,383,032
<br />Vehicles
<br />2,514,738
<br />159,041
<br />(130,829)
<br />2,542,950
<br />Machinery and Shop Equipment
<br />923,595
<br />(3,000)
<br />920,595
<br />Other Equipment
<br />952,447
<br />-
<br />952,447
<br />Infrastructure
<br />77,876,924
<br />914,606
<br />(183,726)
<br />78,607,804
<br />Total Capital Assets, Being Depreciated
<br />90,170,268
<br />1,306,334
<br />(343,657)
<br />91,132,945
<br />Accumulated Depreciation for:
<br />Buildings
<br />(3,206,148)
<br />(218,053)
<br />-
<br />(3,424,201)
<br />Office Equipment and Furniture
<br />(921,491)
<br />(80,027)
<br />26,102
<br />(975,416)
<br />Vehicles
<br />(1,366,677)
<br />(242,537)
<br />130,829
<br />(1,478,385)
<br />Machinery and Shop Equipment
<br />(530,970)
<br />(52,380)
<br />3,000
<br />(580,350)
<br />Other Equipment
<br />(747,408)
<br />(22,339)
<br />-
<br />(769,747)
<br />Infrastructure
<br />(47,038,870)
<br />(2,294,211)
<br />7,349
<br />(49,325,732)
<br />Total Accumulated Depreciation
<br />(53,811,564)
<br />(2,909,547)
<br />167,280
<br />(56,553,831)
<br />Total Capital Assets, Being Depreciated, Net
<br />36,358,704
<br />(1,603,213)
<br />(176,377)
<br />34,579,114
<br />Governmental Activities Capital Assets, Net
<br />$ 39,634,563
<br />$ (1,603,213)
<br />$ (176,377)
<br />$ 37,854,973
<br />46
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