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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 11 FUND BALANCE
<br />At December 31, 2013, the City had various fund balances restricted, committed, or assigned through legal
<br />restriction and City Council authorization. Major fund balance appropriations at December 31, 2013 are shown on
<br />the various balance sheets as segregations of the fund balance. The fund balances are as follows:
<br />General Fund:
<br />Prepaid Items
<br />Total General Fund
<br />G.O. Improvement Bonds 2005A:
<br />Deficit Fund Balance
<br />Improvement Bonds 2009F:
<br />Debt Service
<br />Municipal State Aid:
<br />Construction Projects
<br />Area and Unit Charge:
<br />Advances to Other Funds
<br />Construction Projects
<br />Total Area and Unit Charge
<br />Nonmajor Governmental Funds:
<br />Prepaid Items
<br />Economic Development - Loan Receivable
<br />Corpus of Permanent Fund
<br />Program Recreation
<br />Cable TV Fund
<br />Environmental Improvements
<br />Debt Service
<br />Construction Projects
<br />Deficit Fund Balance
<br />Total Nonmajor Funds
<br />Total Fund Balances
<br />Total Nonspendable Restricted Committed Assigned Unassigned
<br />$ 5,209,286 $ - $ $ $ $ 5,209,286
<br />176,797 176,797 -
<br />5,386,083 176,797 5,209,286
<br />(2,101,738) - (2,101,738)
<br />996,291 996,291
<br />4,595,797 - 4,595,797
<br />460,881
<br />460,881
<br />3,709,170
<br />3,709,170
<br />4,170,051
<br />-
<br />4,170,051
<br />1,710
<br />1,710
<br />-
<br />-
<br />225,000
<br />-
<br />225,000
<br />100,000
<br />100,000
<br />-
<br />-
<br />110,457
<br />-
<br />110,457
<br />10,618
<br />-
<br />10,618
<br />21,475
<br />21,475
<br />-
<br />2,408,784
<br />2,408,784
<br />-
<br />6,944,854
<br />-
<br />6,944,854
<br />(1,291,809)
<br />-
<br />-
<br />- (1,291,809)
<br />8,531,089
<br />101,710
<br />2,655,259
<br />121,075
<br />6,944,854 (1,291,809)
<br />$ 21,577,573
<br />$ 278,507
<br />$ 3,651,550
<br />$ 121,075
<br />$ 15,710,702 $ 1,815,739
<br />Note 12 SHARE IN GAS FRANCHISE PROFITS
<br />The City receives a share of the gross billing for natural gas sales by a neighboring City, which provides service
<br />within the City of Lino Lakes. The amount reported as revenue in the General Fund during fiscal year 2013 was
<br />$61,280.
<br />Note 13 INTERFUND RECEIVABLE AND PAYABLES
<br />The purpose of the interfund receivable and payable balances is for the elimination of negative cash between funds
<br />and at December 31, 2013 are as follows:
<br />Receivable
<br />Governmental Activity:
<br />G.O. Improvement Bonds 2005A $ -
<br />Other Nonmajor Governmental Funds 2,534,940
<br />Business -Type Activity:
<br />Sewer Fund 559,110
<br />$ 3,094,050
<br />54
<br />Payable
<br />$ 2,259,643
<br />834,407
<br />$ 3,094,050
<br />
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