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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2016
<br />Statement 1
<br />Deferred outflows of resources related to pensions
<br />8,780,333
<br />Primary Government
<br />8,948,635
<br />Governmental
<br />Business -Type
<br />12,481,303
<br />- 12,481,303
<br />Activities
<br />Activities
<br />Total
<br />Assets:
<br />519,600
<br />Salaries payable
<br />107,758
<br />Cash and investments
<br />$28,617,570
<br />$13,470,487
<br />$42,088,057
<br />Accrued interest receivable
<br />69,933
<br />-
<br />69,933
<br />Due from other governmental units
<br />91,736
<br />2,023
<br />93,759
<br />Accounts receivable - net
<br />95,628
<br />358,559
<br />454,187
<br />Prepaid items
<br />226,334
<br />29,247
<br />255,581
<br />Internal balances
<br />(559,110)
<br />559,110
<br />-
<br />Inventory
<br />-
<br />81,827
<br />81,827
<br />Taxes receivable
<br />212,331
<br />-
<br />212,331
<br />Special assessments receivable
<br />8,500,722
<br />-
<br />8,500,722
<br />Long-term notes receivable
<br />225,000
<br />-
<br />225,000
<br />Capital assets - nondepreciable
<br />12,236,921
<br />5,617,436
<br />17,854,357
<br />Capital assets - net of accumulated depreciation
<br />28,917,504
<br />26,243,174
<br />55,160,678
<br />Total assets
<br />78,634,569
<br />46,361,863
<br />124,996,432
<br />Deferred outflows of resources related to pensions
<br />8,780,333
<br />168,302
<br />8,948,635
<br />Liabilities:
<br />12,481,303
<br />- 12,481,303
<br />Economic development
<br />Accounts payable
<br />319,222
<br />200,378
<br />519,600
<br />Salaries payable
<br />107,758
<br />6,020
<br />113,778
<br />Due to other governmental units
<br />2,528
<br />-
<br />2,528
<br />Contracts payable
<br />640,483
<br />74,403
<br />714,886
<br />Other accrued liabilities
<br />-
<br />6,485
<br />6,485
<br />Accrued interest payable
<br />261,347
<br />-
<br />261,347
<br />Compensated absences payable:
<br />Due within one year
<br />467,558
<br />34,786
<br />502,344
<br />Due in more than one year
<br />266,857
<br />31,604
<br />298,461
<br />Other post employment benefits
<br />97,147
<br />-
<br />97,147
<br />Bonds and notes payable:
<br />Due within one year
<br />7,103,525
<br />-
<br />7,103,525
<br />Due in more than one year
<br />20,637,556
<br />-
<br />20,637,556
<br />Net pension liability:
<br />Due in more than one year
<br />13,144,874
<br />402,208
<br />13,547,082
<br />Total liabilities
<br />43,048,855
<br />755,884
<br />43,804,739
<br />Deferred inflows of resources related to pensions
<br />1,546,117
<br />50,224
<br />1,596,341
<br />Net position:
<br />Net investment in capital assets
<br />18,597,344
<br />31,860,610 50,457,954
<br />Restricted for:
<br />Debt service
<br />12,481,303
<br />- 12,481,303
<br />Economic development
<br />225,000
<br />- 225,000
<br />Tax increment purposes
<br />438,026
<br />- 438,026
<br />Environmental improvements - nonexpendable
<br />100,000
<br />- 100,000
<br />Environmental improvements - expendable
<br />13,855
<br />- 13,855
<br />Other purposes
<br />84,668
<br />- 84,668
<br />Unrestricted
<br />10,879,734
<br />13,863,447 24,743,181
<br />Total net position
<br />$42,819,930
<br />$45,724,057 $88,543,987
<br />The accompanying notes are an integral part of these financial statements.
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