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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2012
<br />
<br />46
<br />
<br />Note 2 DEPOSITS AND I NVESTMENTS (CONTINUED)
<br />Concentration of Credit Risk
<br />
<br />The City places no limit on the amount that it may inve st in any one issuer. Th e following is a list of
<br />investments which individually comprise more than 5% of the City’s total investments:
<br />
<br />TypeAmountPercentage
<br />4M Fund1,584,962 $ 5.36%
<br />Federal Home Loan Bank 2,348,975 7.94%
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<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2012 was as follows:
<br />
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land3,275,859 $ -$ -$ 3,275,859 $
<br />Construction in Progress211,705 - (211,705) -
<br />Total Capital Assets, Not Being Depreciated3,487,564 - (211,705) 3,275,859
<br />Capital Assets, Being Depreciated:
<br />Buildings6,530,334 - - 6,530,334
<br />Office Equipment and Furniture1,306,389 74,206 (8,365) 1,372,230
<br />Vehicles2,376,629 162,209 (24,100) 2,514,738
<br />Machinery and Shop Equipment693,565 264,152 (34,122) 923,595
<br />Other Equipment952,448 - - 952,448
<br />Infrastructure77,693,197 183,726 - 77,876,923
<br />Total Capital Assets, Being Depreciated89,552,562 684,293 (66,587) 90,170,268
<br />Accumulated Depreciation for:
<br />Buildings(2,988,095) (218,053) - (3,206,148)
<br />Office Equipment and Furniture(858,699) (71,157) 8,365 (921,491)
<br />Vehicles(1,184,482) (224,668) 42,473 (1,366,677)
<br />Machinery and Shop Equipment(496,058) (34,912) - (530,970)
<br />Other Equipment(719,902) (27,506) - (747,408)
<br />Infrastructure(44,725,394) (2,313,476) - (47,038,870)
<br />Total Accumulated Depreciation(50,972,630) (2,889,772) 50,838 (53,811,564)
<br />Total Capital Assets, Being Depreciated, Net38,579,932 (2,205,479) (15,749) 36,358,704
<br />Governmental Activities Capital Assets, Ne t 42,067,496 $ (2,205,479)$ (227,454)$ 39,634,563 $
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