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Management’s Discussion and Analysis
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<br />
<br />information. Combining and individual fund statements and schedules are presented as
<br />Statements 19 through 27.
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<br />Government-Wide Financial Analysis
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<br />As noted earlier, net position may serve over time as a useful indicator of a government's
<br />financial position. In the case of the City, assets and deferred outflows of resources exceeded
<br />liabilities and deferred inflows of resources by $100,077,798 at the close of the most recent
<br />fiscal year.
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<br />The largest portion of the City’s net position ($57,349,634, or 57%) reflects its net
<br />investment in capital assets (e.g. land, buildings, equipment, and infrastructure) less any
<br />related debt used to acquire those assets that is still outstanding. The City uses these capital
<br />assets to provide services to citizens; consequently, these assets are not available for future
<br />spending. Although the City’s investment in its capital assets is reported net of related debt,
<br />it should be noted that the resources needed to repay this debt must be provided from other
<br />sources, since the capital assets themselves cannot be used to liquidate these liabilities.
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<br />City of Lino Lakes’ Net Position
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<br />2018 2017 2018 2017 2018 2017
<br />Assets:
<br />Current and other assets $41,949,582 $32,942,034 $16,003,964 $15,272,668 $57,953,546 $48,214,702
<br />Capital assets 44,102,567 42,611,027 32,709,079 31,831,950 76,811,646 74,442,977
<br /> Total assets $86,052,149 $75,553,061 $48,713,043 $47,104,618 $134,765,192 $122,657,679
<br />Deferred outflows of resources $4,305,683 $5,625,220 $61,906 $97,118 $4,367,589 $5,722,338
<br />Liabilities:
<br />Long-term liabilities outstanding $30,443,714 $27,257,669 $312,016 $413,334 $30,755,730 $27,671,003
<br />Other liabilities 1,981,550 894,136 87,787 43,453 2,069,337 937,589
<br /> Total liabilities $32,425,264 $28,151,805 $399,803 $456,787 $32,825,067 $28,608,592
<br />Deferred inflows of resources $6,134,676 $6,410,858 $95,240 $66,954 $6,229,916 $6,477,812
<br />Net position:
<br />Net investment in capital assets $24,640,555 $22,868,259 $32,709,079 $31,831,950 $57,349,634 $54,700,209
<br />Restricted 10,579,817 11,730,147 - - 10,579,817 11,730,147
<br />Unrestricted 16,577,520 12,017,212 15,570,827 14,846,045 32,148,347 26,863,257
<br /> Total net position $51,797,892 $46,615,618 $48,279,906 $46,677,995 $100,077,798 $93,293,613
<br />Governmental Activities Business-Type Activities Totals
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<br />$10,579,817 of the City’s net position represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position
<br />($32,148,347) may be used to meet ongoing obligations to citizens and creditors.
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<br />At the end of the current fiscal year, the City is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate
<br />governmental and business-type activities.
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