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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />December 31, 2019
<br />Assets:
<br />Current assets:
<br />Cash and cash equivalents
<br />Due from other governmental units
<br />Accounts receivable -net
<br />Prepaid items
<br />Inventory
<br />Total current assets
<br />Noncurrent assets:
<br />Interfund loan receivable
<br />Capital assets:
<br />Construction in progress
<br />Equipment
<br />Water and sewer systems
<br />Total capital assets
<br />Less: Allowance for depreciation
<br />Net capital assets
<br />Total assets
<br />Deferred outflows of resources related to pensions
<br />Total assets and deferred outflows
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Due to other governments
<br />Other accrued liabilities
<br />Compensated absences payable -current portion
<br />Other post employment benefits -current portion
<br />Total current liabilities
<br />Noncurrent liabilities:
<br />Compensated absences payable -noncurrent portion
<br />Other post employment benefits -noncurrent portion
<br />Net pension liability
<br />Total noncurrent liabilities
<br />Total liabilities
<br />Deferred inflows of resources related to pensions
<br />Total liabilities and deferred inflows
<br />Net position:
<br />Investment in capital assets
<br />Unrestricted
<br />Total net position
<br />Business-Type Activities -Enterprise Funds
<br />601 Water 602 Sewer Total
<br />$6,171,792
<br />121,112
<br />14,034
<br />22,496
<br />6,329,434
<br />3,098,608
<br />97,620
<br />26,078,583
<br />29,274,811
<br />(9,844,858)
<br />19,429,953
<br />25,759,387
<br />18,497
<br />25,777,884
<br />23,852
<br />6,881
<br />9,582
<br />13,572
<br />19,298
<br />131
<br />73,316
<br />336
<br />3,053
<br />140,829
<br />144,218
<br />217,534
<br />32,786
<br />250,320
<br />19,429,953
<br />6,097,611
<br />$25,527,564
<br />$9,549,968
<br />2,238
<br />203,883
<br />23,063
<br />9,779,152
<br />559,110
<br />3,025,229
<br />294,916
<br />24,042,195
<br />27,362,340
<br />(10,401,473)
<br />16,960,867
<br />27,299,129
<br />18,497
<br />27,317,626
<br />9,089
<br />6,881
<br />3,404
<br />1,335
<br />19,298
<br />131
<br />40,138
<br />336
<br />3,053
<br />140,829
<br />144,218
<br />184,356
<br />32,786
<br />217,142
<br />16,960,867
<br />10,139,617
<br />$27,100,484
<br />$15,721,760
<br />2,238
<br />324,995
<br />37,097
<br />22,496
<br />16,108,586
<br />559,110
<br />6,123,837
<br />392,536
<br />50,120,778
<br />56,637,151
<br />(20,246,331)
<br />36,390,820
<br />53,058,516
<br />36,994
<br />53,095,510
<br />32,941
<br />13,762
<br />12,986
<br />14,907
<br />38,596
<br />262
<br />113,454
<br />672
<br />6,106
<br />281,658
<br />288,436
<br />401,890
<br />65,572
<br />467,462
<br />36,390,820
<br />16,237,228
<br />$52,628,048
<br />The accompanying notes are an integral part of these financial statements.
<br />IV-15
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