06-07-2021 Council Work Session Packet

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CITY OF LINO LAKES, MINNESOTA BALANCE SHEET GOVERNMENTAL FUNDS December 31, 2020 333 G.O. Improvement General Fund Note of 2009A Assets Cash and investments $9,496,886 $ - Accrued interest receivable 167,976 - Due from other governmental units 59,417 - Accounts receivable - net 37,606 - Prepaid items 315,224 - Advances to other funds - - Taxes receivable: Due from county 290,917 - Delinquent 131,631 - Special assessments receivable: Due from county - - Delinquent - 280 Deferred 169 2,164,522 Interfund loan receivable - - Total assets $10,499,826 $2,164,802 Liabilities, Deferred Inflows of Resources, and Fund Balances Liabilities: Accounts payable $313,147 $ - Salaries payable 290,014 - Due to other governmental units 64,475 - Advances from other funds - - Retainage payable - - Deposits payable 2,172,668 - Interfund loan payable - - Total liabilities 2,840,304 0 Deferred inflows of resources: Unavailable revenue 131,800 2,164,802 Fund balance: Nonspendable 315,224 - Restricted - - Committed 425,000 - Assigned - - Unassigned 6,787,498 - Total fund balance 7,527,722 0 Total liabilities, deferred inflows of $10,499,826 $2,164,802 resources, and fund balance The accompanying notes are an integral part of these financial statements. 34