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<br />CITY OF LINO LAKES, MINNESOTAStatement 1
<br />STATEMENT OF NET POSITION
<br />December 31, 2012
<br />Governmental
<br />Activities
<br />Business-type
<br />ActivitiesTotal
<br />ASSETS
<br />Cash and investments21,636,723 $ 11,138,355 $ 32,775,078 $
<br />Accrued interest receivable70,428 - 70,428
<br />Accounts receivable149,700 433,525 583,225
<br />Due from other governments101,395 3,156 104,551
<br />Internal Balances (559,110) 559,110 -
<br />Taxes receivable365,172 - 365,172
<br />Special assessment s receivable11,954,743 76 11,954,819
<br />Long-term notes receivable225,000 - 225,000
<br />Prepaid items182,899 21,099 203,998
<br />Inventory- 39,298 39,298
<br />Unamortized bond issue costs219,206 - 219,206
<br />Permanently restricted cash and investments110,536 - 110,536
<br />Capital assets:
<br />Land3,275,859 - 3,275,859
<br />Other capital assets, net of depreciation36,358,704 28,798,095 65,156,799
<br />Total assets74,091,255 40,992,714 115,083,969
<br />LIABILITIES
<br />Accounts payable 184,324 36,946 221,270
<br />Salaries payable214,667 12,250 226,917
<br />Contracts and retainage payable75,553 - 75,553
<br />Accrued interest payable334,040 - 334,040
<br />Due to other governments1,184 - 1,184
<br />Other accrued liabilities5,381 - 5,381
<br />N on-current liabilities:
<br />Due within one yea r 3,037,714 28,400 3,066,114
<br />Due in more than one yea r 18,837,900 15,010 18,852,910
<br />Total liabilities22,690,763 92,606 22,783,369
<br />NET POSITION
<br />N et Investment in Capital Assets 22,166,342 28,798,095 50,964,437
<br />Restricted for:
<br />Debt service - expendable11,484,576 - 11,484,576
<br />Environmental improvements - expendable10,536 - 10,536
<br />Environmental improvements - nonexpendable100,000 - 100,000
<br />Unrestricted17,639,038 12,102,013 29,741,051
<br />Total net position51,400,492 $ 40,900,108 $ 92,300,600 $
<br />The accompanying notes are an integral part of these basic financial statements.
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