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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
<br />investments are held, and diversifying the investment portfolio. This is measured by the assignment of
<br />a rating by a nationally recognized statistical rating organization.
<br />Concentration of Credit Risk — Concentration of credit risk is the risk of loss that may be attributed to
<br />the magnitude of a government's investment in a single issuer. The City places no limit on the amount
<br />it may invest in any one issuer. As of December 31, 2016, no individual investments exceeded 5% of
<br />the City's total investment portfolio.
<br />Note 3 RECEIVABLES
<br />Significant receivable balances not expected to be collected within one year of December 31, 2016 are as
<br />follows:
<br />Major Funds:
<br />General Fund
<br />G.O. Improvement Bonds of 2005A
<br />G.O. Improvement Note of 2009A
<br />Area and Unit Charge
<br />Nonmajor Funds
<br />Total
<br />Note 4 UNAVAILABLE REVENUE
<br />Property
<br />Special
<br />Special
<br />Taxes
<br />Assessments
<br />Notes
<br />Receivable
<br />Receivable
<br />Receivable
<br />Total
<br />$38,521
<br />$ -
<br />$ -
<br />$38,521
<br />-
<br />2,994,379
<br />-
<br />2,994,379
<br />-
<br />2,790,523
<br />-
<br />2,790,523
<br />-
<br />984,326
<br />-
<br />984,326
<br />8,329
<br />1,411,306
<br />225,000
<br />1,644,635
<br />$46,850
<br />$8,180,534
<br />$225,000
<br />$8,452,384
<br />Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. At the end of the current fiscal year, the
<br />various components of unavailable revenue reported in the governmental funds are as follows:
<br />61ll
<br />Property
<br />Special
<br />Taxes
<br />Assessments
<br />Receivable
<br />Receivable
<br />Total
<br />Major Funds:
<br />General Fund
<br />$73,316
<br />$ -
<br />$73,316
<br />G.O. Improvement Bonds of 2005A
<br />-
<br />2,994,379
<br />2,994,379
<br />G.O. Improvement Note of 2009A
<br />-
<br />2,809,742
<br />2,809,742
<br />Area and Unit Charge
<br />-
<br />1,093,787
<br />1,093,787
<br />Nonmajor Funds
<br />15,101
<br />1,593,059
<br />1,608,160
<br />Total
<br />$88,417
<br />$8,490,967
<br />$8,579,384
<br />61ll
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