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Management’s Discussion and Analysis
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<br />Capital Asset and Debt Administration
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<br />Capital assets. The City’s investment in capital assets for its governmental and business-
<br />type activities as of December 31, 2020, amounted to $98,518,109 (net of accumulated
<br />depreciation), an increase of $12,267,605 from the prior year. This investment in capital
<br />assets includes land, wetland credits, construction in progress, buildings, equipment,
<br />vehicles, and infrastructure.
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<br />The City completed Phase II of the controls automation upgrade at the Civic Complex,
<br />Woods Edge Park improvements, street and utility improvements in the West Shadow Lake
<br />Drive and LaMotte areas, Pheasant Hills watermain improvements, Cedar Street
<br />Reconstruction improvements. and the build-out of two public safety vehicles. The City has
<br />continued to work to complete trunk utility improvements at 49&J, drainage improvements
<br />in the NE Area of the City, Water Tower #3, and Well House #1 Rehabilitation
<br />improvements. In addition, the City started Birth Street Watermain improvements and 2021
<br />Street Reconstruction.
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<br />Developer lead infrastructure improvements at various stages of completion include St Clair
<br />Estates, NorthPointe 6th and 7th Additions, Saddle Club 3rdAddition, Century Farms 7th
<br />Addition, Chavez Estates, Eastside Villas, Watermark 1st, 2nd, and 3rd additions, and Naduea
<br />Acres.
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<br />City of Lino Lakes’ Capital Assets
<br />(Net of Depreciation)
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<br />2020 2019 2020 2019 2020 2019
<br />Land $3,532,930 $3,532,930 $ - $ - $3,532,930 $3,532,930
<br />Wetland credits 93,876 170,421 - - 93,876 170,421
<br />Construction in progress 8,036,003 10,094,933 10,336,586 6,123,837 18,372,589 16,218,770
<br />Buildings 7,619,238 6,983,477 - - 7,619,238 6,983,477
<br />Office equipment and furniture 312,288 233,176 - - 312,288 233,176
<br />Vehicles 1,961,862 1,842,573 - - 1,961,862 1,842,573
<br />Machinery and shop equipment 1,070,655 1,087,529 257,047 139,603 1,327,702 1,227,132
<br />Other equipment 1,002,034 835,192 - - 1,002,034 835,192
<br />Infrastructure 31,523,026 25,079,453 32,772,564 30,127,380 64,295,590 55,206,833
<br /> Total $55,151,912 $49,859,684 $43,366,197 $36,390,820 $98,518,109 $86,250,504
<br />Governmental Activities Business-Type Activities Totals
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<br />Additional information on the City’s capital assets can be found in Note 5 to the financial
<br />statements.
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