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Management's Discussion and Analysis
<br />Capital Asset and Debt Administration
<br />Capital assets. The City's investment in capital assets for its governmental and business -
<br />type activities as of December 31, 2017, amounted to $74,442,977 (net of accumulated
<br />depreciation), an increase of $1,427,942 from the prior year. This investment in capital
<br />assets includes land, wetland credits, construction in progress, buildings, equipment,
<br />vehicles, and infrastructure. The City completed the Shenandoah Area street improvements,
<br />NorthPointe 2nd Addition infrastructure improvements, Fire Station #2, Pump House #6, the
<br />reconditioning of Water Tower #1, Aqua Lane to Blackduck Drive water main
<br />improvements, the build -out of two Ford F-650 light rescue fire vehicles, and the upgrade of
<br />the air conditioning system (Phase I ) at the Civic Complex. The City has continued to work
<br />to complete the Birch Street turn lanes and infrastructure improvements in 2017. In addition,
<br />the City began land preparation activities for NorthPointe Park, the upgrade of the air
<br />conditioning system (Phase II) at the Civic Complex, and the Council Chambers upgrade.
<br />Developer lead infrastructure improvements at various stages of completion include
<br />NorthPointe 3rd, 4th, 5th, and 6th Additions, Saddle Club 2nd and 3rdAdditions, Century Farms
<br />6th Addition, Woods Edge 1St and 2nd Additions, Clearwater Creek, St Clair Estates, and
<br />Chavez Estates.
<br />City of Lino Lakes' Capital Assets
<br />(Net of Depreciation)
<br />Additional information on the City's capital assets can be found in Note 5 to the financial
<br />statements.
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<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Totals
<br />2017
<br />2016
<br />2017
<br />2016
<br />2017
<br />2016
<br />Land
<br />$3,320,059
<br />$3,275,859
<br />$ -
<br />$ -
<br />$3,320,059
<br />$3,275,859
<br />Wetland credits
<br />162,372
<br />-
<br />-
<br />-
<br />162,372
<br />-
<br />Construction in progress
<br />2,482,238
<br />8,961,062
<br />1,507,153
<br />5,617,436
<br />3,989,391
<br />14,578,498
<br />Buildings
<br />6,376,011
<br />2,706,355
<br />-
<br />-
<br />6,376,011
<br />2,706,355
<br />Office equipment and furniture
<br />236,777
<br />157,704
<br />236,777
<br />157,704
<br />Vehicles
<br />2,016,355
<br />1,370,732
<br />-
<br />-
<br />2,016,355
<br />1,370,732
<br />Machinery and shop equipment
<br />1,133,624
<br />1,017,332
<br />147,568
<br />167,440
<br />1,281,192
<br />1,184,772
<br />Other equipment
<br />267,096
<br />206,385
<br />-
<br />-
<br />267,096
<br />206,385
<br />Infrastructure
<br />26,616,495
<br />23,458,996
<br />30,177,229
<br />26,075,734
<br />56,793,724
<br />49,534,730
<br />Total
<br />$42,611,027
<br />$41,154,425
<br />$31,831,950
<br />$31,860,610
<br />$74,442,977
<br />$73,015,035
<br />Additional information on the City's capital assets can be found in Note 5 to the financial
<br />statements.
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