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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2019
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $33,274,770 $15,721,760 $48,996,530
<br />Accrued interest receivable 140,376 - 140,376
<br />Due from other governmental units 62,818 2,238 65,056
<br />Accounts receivable - net 108,939 324,995 433,934
<br />Prepaid items 299,749 37,097 336,846
<br />Internal balances (559,110) 559,110 -
<br />Inventory - 22,496 22,496
<br />Taxes receivable 200,014 - 200,014
<br />Special assessments receivable 7,943,006 - 7,943,006
<br />Long-term note receivable 225,000 - 225,000
<br />Net pension asset 317,669 - 317,669
<br />Capital assets - nondepreciable 13,798,284 6,123,837 19,922,121
<br />Capital assets - net of accumulated depreciation 36,061,400 30,266,983 66,328,383
<br />Total assets 91,872,915 53,058,516 144,931,431
<br />Deferred outflows of resources:
<br />Pension related 3,072,263 36,994 3,109,257
<br />OPEB related 11,786 - 11,786
<br />Total deferred outflows of resources 3,084,049 36,994 3,121,043
<br />Liabilities:
<br />Accounts payable and other current liabilities 1,287,855 74,596 1,362,451
<br />Deposits payable 2,139,839 - 2,139,839
<br />Accrued interest payable 132,474 - 132,474
<br />Other post employment benefits:
<br />Due within one year 22,728 262 22,990
<br />Due in more than one year 531,535 6,106 537,641
<br />Long-term liabilities:
<br />Due within one year 3,333,866 38,596 3,372,462
<br />Due in more than one year 19,444,630 672 19,445,302
<br />Net pension liability:
<br />Due in more than one year 4,630,334 281,658 4,911,992
<br />Total liabilities 31,523,261 401,890 31,925,151
<br />Deferred inflows of resources:
<br />Pension related 4,691,103 65,572 4,756,675
<br />OPEB related 279,081 - 279,081
<br />Total deferred inflows of resources 4,970,184 65,572 5,035,756
<br />Net position:
<br />Net investment in capital assets 28,433,053 36,390,820 64,823,873
<br />Restricted for:
<br />Debt service 9,900,523 - 9,900,523
<br />Tax increment purposes 675,228 - 675,228
<br />Park improvements 900,326 - 900,326
<br />Other purposes 914,354 - 914,354
<br />Unrestricted 17,640,035 16,237,228 33,877,263
<br />Total net position $58,463,519 $52,628,048 $111,091,567
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
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