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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
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<br />Note 3 RECEIVABLES
<br />
<br />Significant receivable balances not expected to be collected within one year of December 31, 2019 are as
<br />follows:
<br />
<br />Property Special
<br />Taxes Assessments Notes
<br />Receivable Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $33,800 $ - $ - $33,800
<br /> G.O. Improvement Note of 2009A - 2,095,200 - 2,095,200
<br /> G.O. Improvement Bonds of 2016B - 2,994,400 - 2,994,400
<br /> Area and Unit Charge - 1,808,700 - 1,808,700
<br />Nonmajor Funds 7,100 873,100 225,000 1,105,200
<br /> Total $40,900 $7,771,400 $225,000 $8,037,300
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<br />Note 4 UNAVAILABLE REVENUE
<br />
<br />Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. At the end of the current fiscal year, the
<br />various components of unavailable revenue reported in the governmental funds are as follows:
<br />
<br />Property Special
<br />Taxes Assessments
<br />Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $86,821 $ - $86,821
<br /> G.O. Improvement Note of 2009A - 2,120,827 2,120,827
<br />G.O. Improvement Bonds of 2016B - 2,994,379 2,994,37 9
<br /> Area and Unit Charge - 1,890,270 1,890,270
<br />Nonmajor Funds 18,141 933,901 952,042
<br /> Total $104,962 $7,939,377 $8,044,339
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