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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2012
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<br />Note 11 FUND BALANCE
<br />At December 31, 2012, the City had various fund balances re stricted, committed, or assigned through legal
<br />restriction and City Council authorization. Major fund balance appropr iations at December 31, 2012 are shown on
<br />the various balance sheets as segregations of the fund balance. The fund balances are as follows:
<br />
<br />TotalNonspendableRestricte dCommittedAssignedUnassigned
<br />General Fund:5,053,031 $ -$ -$ -$ -$ 5,053,031 $
<br />Prepaid items180,786 180,786 - - - -
<br />Total General Fun d 5,233,817 180,786 - - - 5,053,031
<br />G.O. Improvement Bonds 2005A:
<br />Deficit Fund Balance(2,003,261) - - - - (2,003,261)
<br />Improvement Bonds 2009F:
<br />Debt Service491 - 491 - - -
<br />Municipal State Aid:
<br />Construction Projects5,037,136 - - - 5,037,136 -
<br />Traffic Control:
<br />Construction Projects463,247 - - - 463,247 -
<br />Area and Unit Charge:
<br />Advances to Other Funds496,000 496,000 - - - -
<br />Construction Projects3,476,716 - - - 3,476,716 -
<br />Total Area and Unit Charge3,972,716 496,000 - - 3,476,716 -
<br />Nonmajor Governmental Funds:
<br />Prepaid items2,113 2,113 - - - -
<br />Long-term Loan Receivable225,000 225,000 - - - -
<br />Corpus of Permanent Fund100,000 100,000 - - - -
<br />Program Recreation115,196 - - 115,196 - -
<br />Environmental Improvements10,536 - 10,536 - - -
<br />Debt Service3,030,497 - 3,030,497 - - -
<br />Construction Projects6,596,080 - - - 6,596,080 -
<br />Deficit Fund Balance(1,259,467) - - - - (1,259,467)
<br />Total Nonmajor Funds8,819,955 327,113 3,041,033 115,196 6,596,080 (1,259,467)
<br />Total Fund Balances21,524,101 $ 1,003,899 $ 3,041,524 $ 115,196 $ 15,573,179 $ 1,790,303 $
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<br />Note 12 SHARE IN GAS FRANCHISE PROFITS
<br />The City receives a share of the gro ss billing for natural gas sales by a ne ighboring City, whic h provides service
<br />within the City of Lino Lakes. The amount reported as revenue in the General Fund during fiscal year 2012 was
<br />$46,178.
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<br />Note 13 INTERFUND RECEIVABLE AND PAYABLES
<br />The purpose of the interfund receivable and payable balances is for the elimination of negative cash between funds
<br />and at December 31, 2012 are as follows:
<br />
<br />ReceivablePayable
<br />Governmental Activity:
<br />G.O. Improvement Bonds 2005A-$ 2,162,003 $
<br />Other Nonmajor Governmental Funds2,366,768 763,875
<br />Business-Type Activity:
<br />Sewer Fund559,110 -
<br />2,925,878 $ 2,925,878 $
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