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Management's Discussion and Analysis
<br />Government -Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's
<br />financial position. In the case of the City, assets exceeded liabilities by $88,543,987 at the
<br />close of the most recent fiscal year.
<br />The largest portion of the City's net position ($50,457,954, or 57%) reflects its net
<br />investment in capital assets (e.g. land, buildings, equipment, and infrastructure) less any
<br />related debt used to acquire those assets that is still outstanding. The City uses these capital
<br />assets to provide services to citizens; consequently, these assets are not available for future
<br />spending. Although the City's investment in its capital assets is reported net of related debt,
<br />it should be noted that the resources needed to repay this debt must be provided from other
<br />sources, since the capital assets themselves cannot be used to liquidate these liabilities.
<br />Assets:
<br />Current and other assets
<br />Capital assets
<br />Total assets
<br />Deferred outflows of resources
<br />Liabilities:
<br />Long-term liabilities outstanding
<br />Other liabilities
<br />Total liabilities
<br />Deferred inflows of resources
<br />Net position:
<br />Net investment in capital assets
<br />Restricted
<br />Unrestricted
<br />Total net position
<br />City of Lino Lakes' Net Position
<br />Governmental Activities
<br />2016 2015
<br />Business -Type Activities
<br />2016 2015
<br />Totals
<br />2016 2015
<br />$37,480,144 $32,222,786 $14,501,253 $14,881,531 $51,981,397 $47,104,317
<br />41,154,425 41,228,037 31,860,610 29,127,829 73,015,035 70,355,866
<br />$78,634,569 $73,450,823 $46,361,863 $44,009,360 $124,996,432 $117,460,183
<br />$8,780,333 $985,081 $168,302 $11,660 $8,948,635 $996,741
<br />$34,049,287 $27,144,998 $433,812 $111,802 $34,483,099 $27,256,800
<br />8,999,568 5,900,707 322,072 101,355 9,321,640 6,002,062
<br />$43,048,855 $33,045,705 $755,884 $213,157 $43,804,739 $33,258,862
<br />$1,546,117 $636,040 $50,224 $7,404 $1,596,341 $643,444
<br />$18,597,344 $18,230,746 $31,860,610 $29,127,829 $50,457,954 $47,358,575
<br />13,342,852 8,635,293 13,342,852 8,635,293
<br />10,879,734 13,888,120 13,863,447 14,672,630 24,743,181 28,560,750
<br />$42,819,930 $40,754,159 $45,724,057 $43,800,459 $88,543,987 $84,554,618
<br />$13,342,852 of the City's net position represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position
<br />($24,743,181) may be used to meet ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate
<br />governmental and business -type activities.
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