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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2014
<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
<br />Amount
<br />Percentage
<br />Federal National Mortgage Assn.
<br />$ 1,995,937
<br />6.33%
<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2014 was as
<br />follows:
<br />Beginning
<br />Ending
<br />Balance
<br />Increases Decreases
<br />Balance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land
<br />$ 3,275,859
<br />$ - $
<br />$ 3,275,859
<br />Construction in Progress
<br />-
<br />808,093
<br />-
<br />808,093
<br />Total Capital Assets, Not Being Depreciated
<br />3,275,859
<br />808,093
<br />4,083,952
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />6,726,117
<br />39,502
<br />6,765,619
<br />Office Equipment and Furniture
<br />1,383,032
<br />35,340
<br />(19,650)
<br />1,398,722
<br />Vehicles
<br />2,542,950
<br />375,422
<br />(26,911)
<br />2,891,461
<br />Machinery and Shop Equipment
<br />920,595
<br />40,125
<br />-
<br />960,720
<br />Other Equipment
<br />952,447
<br />-
<br />952,447
<br />Infrastructure
<br />78,607,804
<br />78,607,804
<br />Total Capital Assets, Being Depreciated
<br />91,132,945
<br />490,389
<br />(46,561)
<br />91,576,773
<br />Accumulated Depreciation for:
<br />Buildings
<br />(3,424,201)
<br />(224,579)
<br />-
<br />(3,648,780)
<br />Office Equipment and Furniture
<br />(975,416)
<br />(77,957)
<br />19,650
<br />(1,033,723)
<br />Vehicles
<br />(1,478,385)
<br />(269,957)
<br />26,911
<br />(1,721,431)
<br />Machinery and Shop Equipment
<br />(580,350)
<br />(43,983)
<br />-
<br />(624,333)
<br />Other Equipment
<br />(769,747)
<br />(14,896)
<br />-
<br />(784,643)
<br />Infrastructure
<br />(49,325,732)
<br />(2,309,099)
<br />-
<br />(51,634,831)
<br />Total Accumulated Depreciation
<br />(56,553,831)
<br />(2,940,471)
<br />46,561
<br />(59,447,741)
<br />Total Capital Assets, Being Depreciated, Net
<br />34,579,114
<br />(2,450,082)
<br />-
<br />32,129,032
<br />Governmental Activities Capital Assets, Net
<br />$ 37,854,973
<br />$ (1,641,989) $
<br />-
<br />$ 36,212,984
<br />46
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