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<br />CITY OF LINO LAKES, MINNESOTAStatement 7
<br />STATEMENT OF NET POSITION - PROPRIETARY FUNDS
<br />December 31, 2012
<br />Total
<br />Wate r Sewer2012
<br />Current assets:
<br />Cash and cash equivalents4,110,341 $ 7,028,014 $ 11,138,355 $
<br />Accounts receivable221,404 212,121 433,525
<br />Due from other governmental units- 3,1563,156
<br />Interfund receivable - 559,110559,110
<br />Due from county - special assessments38 38 76
<br />Prepaid items9,537 11,562 21,099
<br /> Total current assets4,341,320 7,814,001 12,155,321
<br />N on-current assets:
<br /> Inventory39,298- 39,298
<br />Capital assets being depreciated:
<br /> Buildings48,690 - 48,690
<br /> Equipment158,633 345,238 503,871
<br /> Water and sewer systems19,796,988 21,273,348 41,070,336
<br />Total capital assets20,004,311 21,618,586 41,622,897
<br />Less: allowance for depreciation(6,021,803) (6,802,999) (12,824,802)
<br />N et capital assets13,982,508 14,815,587 28,798,095
<br />Total noncurrent assets14,021,806 14,815,587 28,837,393
<br /> Total assets18,363,126 22,629,588 40,992,714
<br />Current liabilities:
<br /> Accounts payable22,154 14,792 36,946
<br /> Salaries payable6,122 6,128 12,250
<br /> Compensated absences payable - current portion14,200 14,200 28,400
<br /> Total current liabilities42,476 35,120 77,596
<br />N on-current liabilities:
<br /> Compensated absences payable - long term7,505 7,505 15,010
<br /> Total liabilities49,981 42,625 92,606
<br /> Net Investment in Capital Assets13,982,508 14,815,587 28,798,095
<br /> Unrestricted4,330,637 7,771,376 12,102,013
<br /> Total net position18,313,145 22,586,963 40,900,108
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Assets
<br />Liabilities
<br />N et position
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