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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2019
<br />333 G.O. 342 G.O.
<br />Improvement Improvement
<br />General Fund Note of 2009A Bonds of 2016B
<br />Assets
<br />Cash and investments $8,686,525 $ - $594,762
<br />Accrued interest receivable 140,376 - -
<br />Due from other governmental units 62,818 - -
<br />Accounts receivable - net 62,494 - -
<br />Prepaid items 296,907 - -
<br />Advances to other funds - - -
<br />Taxes receivable:
<br />Due from county 77,384 - -
<br />Delinquent 86,821 - -
<br />Special assessments receivable:
<br />Due from county 523 729 -
<br />Delinquent - 560 -
<br />Deferred - 2,120,267 2,994,379
<br />Interfund loan receivable - - -
<br />Long-term note receivable - - -
<br />Total assets $9,413,848 $2,121,556 $3,589,141
<br />Liabilities, Deferred Inflows of Resources, and Fund Balances
<br />Liabilities:
<br />Accounts payable $146,186 $ - $805
<br />Salaries payable 183,508 - -
<br />Due to other governmental units 60,927 - -
<br />Advances from other funds - 729 -
<br />Contracts payable 3,372 - -
<br />Deposits payable 2,139,839 - -
<br />Interfund loan payable - - 2,876,643
<br />Total liabilities 2,533,832 729 2,877,448
<br />Deferred inflows of resources:
<br />Unavailable revenue 86,821 2,120,827 2,994,379
<br />Fund balance:
<br />Nonspendable 296,907 - -
<br />Restricted - - -
<br />Committed 443,900 - -
<br />Assigned - - -
<br />Unassigned 6,052,388 - (2,282,686)
<br />Total fund balance 6,793,195 0 (2,282,686)
<br />Total liabilities, deferred inflows of $9,413,848 $2,121,556 $3,589,141
<br /> resources, and fund balance
<br />The accompanying notes are an integral part of these financial statements.
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