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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2017
<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. At December 31, 2017, no individual investments exceeded 5% of the
<br />City's total investment portfolio.
<br />Note 3 RECEIVABLES
<br />Significant receivable balances not expected to be collected within one year of December 31, 2017 are as
<br />follows:
<br />Major Funds:
<br />General Fund
<br />G.O. Improvement Note of 2009A
<br />G.O. Improvement Bonds of 2016B
<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 />$35,344
<br />$ -
<br />$ -
<br />$35,344
<br />-
<br />2,630,915
<br />-
<br />2,630,915
<br />-
<br />2,994,379
<br />-
<br />2,994,379
<br />-
<br />1,029,733
<br />-
<br />1,029,733
<br />8,179
<br />1,042,887
<br />225,000
<br />1,276,066
<br />$43,523
<br />$7,697,914
<br />$225,000
<br />$7,966,437
<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 />6711
<br />Property
<br />Special
<br />Taxes
<br />Assessments
<br />Receivable
<br />Receivable
<br />Total
<br />Major Funds:
<br />General Fund
<br />$56,559
<br />$329
<br />$56,888
<br />G.O. Improvement Note of 2009A
<br />-
<br />2,639,483
<br />2,639,483
<br />G.O. Improvement Bonds of 2016B
<br />-
<br />2,994,379
<br />2,994,379
<br />Area and Unit Charge
<br />-
<br />1,126,587
<br />1,126,587
<br />Nonmajor Funds
<br />13,088
<br />1,190,885
<br />1,203,973
<br />Total
<br />$69,647
<br />$7,951,663
<br />$8,021,310
<br />6711
<br />
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