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CITY OF LINO LAKES, MINNESOTA <br />RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL <br />FUNDS TO THE STATEMENT OF NET POSITION <br />December 31, 2016 <br />Statement 4 <br />Fund balance - total governmental funds (Statement 3) $27,830,769 <br />Net position reported for governmental activities in the Statement of Net Position is <br />different because: <br />Capital assets used in governmental activities are not financial resources and, therefore, <br />are not reported in the funds. 41,154,425 <br />Other long-term assets are not available to pay for current -period expenditures and <br />therefore, are reported as unavailable revenue in the funds: <br />Delinquent taxes receivable 88,417 <br />Delinquent special assessments receivable 12,710 <br />Deferred special assessments receivable 8,478,257 <br />Long-term liabilities are not due and payable in the current period and, therefore, are not <br />reported in the funds. Long-term liabilities at year end consist of- <br />£Bonds <br />Bondsand notes payable <br />(27,600,250) <br />Unamortized bond premiums <br />(166,322) <br />Unamortized bond discounts <br />25,491 <br />Accrued interest payable <br />(261,347) <br />Compensated absences payable <br />(734,415) <br />Other post employment benefits <br />(97,147) <br />Net pension liability <br />(13,144,874) <br />Deferred outflows and inflows of resources related to pensions are associated with <br />long-term liabilities that are not due and payable in the current period, and therefore, <br />are not reported in the funds. Balances at year end are: <br />Deferred outflows of resources 8,780,333 <br />Deferred inflows of resources (1,546,117) <br />Net position of governmental activities (Statement 1) $42,819,930 <br />37 <br />