|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2018
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $34,714,073 $14,999,488 $49,713,561
<br />Accrued interest receivable 124,736 - 124,736
<br />Due from other governmental units 77,256 1,982 79,238
<br />Accounts receivable - net 61,051 366,298 427,349
<br />Prepaid items 288,184 37,188 325,372
<br />Internal balances (559,110) 559,110 -
<br />Inventory - 39,898 39,898
<br />Taxes receivable 198,715 - 198,715
<br />Special assessments receivable 6,654,764 - 6,654,764
<br />Long-term note receivable 225,000 - 225,000
<br />Net pension asset 164,913 - 164,913
<br />Capital assets - nondepreciable 7,082,740 1,623,032 8,705,772
<br />Capital assets - net of accumulated depreciation 37,019,827 31,086,047 68,105,874
<br />Total assets 86,052,149 48,713,043 134,765,192
<br />Deferred outflows of resources related to pensions 4,305,683 61,906 4,367,589
<br />Liabilities:
<br />Accounts payable and other current liabilities 1,834,176 87,787 1,921,963
<br />Accrued interest payable 147,374 - 147,374
<br />Compensated absences payable:
<br />Due within one year 497,161 28,292 525,453
<br />Due in more than one year 316,711 4,586 321,297
<br />Other post employment benefits 748,050 8,594 756,644
<br />Bonds and notes payable:
<br />Due within one year 2,815,075 - 2,815,075
<br />Due in more than one year 21,637,763 - 21,637,763
<br />Net pension liability:
<br />Due in more than one year 4,428,954 270,544 4,699,498
<br />Total liabilities 32,425,264 399,803 32,825,067
<br />Deferred inflows of resources:
<br />Pension related 6,087,516 95,240 6,182,756
<br />OPEB related 47,160 - 47,160
<br />Total deferred inflows of resources 6,134,676 95,240 6,229,916
<br />Net position:
<br />Net investment in capital assets 24,640,555 32,709,079 57,349,634
<br />Restricted for:
<br />Debt service 8,954,265 - 8,954,265
<br />Tax increment purposes 557,211 - 557,211
<br />Park improvements 227,540 - 227,540
<br />Economic development 225,000 - 225,000
<br />Environmental improvements - nonexpendable 100,000 - 100,000
<br />Environmental improvements - expendable 33,853 - 33,853
<br />Other purposes 481,948 - 481,948
<br />Unrestricted 16,577,520 15,570,827 32,148,347
<br />Total net position $51,797,892 $48,279,906 $100,077,798
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
<br />33
|