|
CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
<br />N!!1ti RECEIVABLES
<br />Significant receivable balances not expected to be collected within one year of December 31, 2019 are as
<br />follows:
<br />Property Special
<br />Taxes .Assessments Notes
<br />Receivable Receivable Receivable Total
<br />Major FID!ds:
<br />General FID!d $33,800 $ $ $33,800
<br />G.O. Improvement Note of2009A 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 7100 873,100 225,000 ~200
<br />Total $4Q,900 $7,771.400 $225,000 $8,037,300
<br />Note4 UNAVAILABLE REVENUE
<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 of1D1available revenue reported in the governmental funds are as follows:
<br />Property Special
<br />Taxes Assessments
<br />Receivable Receivable Total
<br />Major FID!ds:
<br />General FID!d $86,821 $ $86,821
<br />G.O. Improvement Note of2009A 2,120,827 2,120,827
<br />G.O. Improvement Bonds of2016B 2,994,379 2,994,379
<br />Area and Unit Charge 1,890,270 1,890,270
<br />Nonmajor FID!ds 18141 933,901 _____2g_042
<br />Total $104,962 $7,939,377 ~39
<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
<br />Note 5 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2019 was as follows:
<br />Governmental activities:
<br />Capital assets, not being dcp'eciated:
<br />Land
<br />Wetland crediis
<br />Construction in progress
<br />Total capital assets, not being dep-eciated
<br />Capital assets, being depreciated:
<br />Bwldings
<br />Office equipnent and furniture
<br />Vehicles
<br />Machinery and sh>p equipnent
<br />Other equipnent
<br />lnfraslnletUre
<br />Total capital assets, being deJreCiated
<br />Less accumulaed depreciation for:
<br />Bwldings
<br />Office equipment and furniture
<br />Vehicles
<br />Machlncry and shop equipment
<br />Other equipnent -Total accmnulated depreciation
<br />Tot.al capital assets being deJrCCiated -net
<br />Go~nmental activities capital assets -net
<br />Business-type acti'o'ities:
<br />Capital assets, not being depreciated:
<br />Construction in irogress
<br />Capital assets, bemg deprecialed:
<br />Machlncry and shop equipment
<br />Water and se\\W' systems
<br />Total capital assets, being depreciated
<br />Accmnulated depreciation for:
<br />Machinery and shop equipment
<br />Water arxl se't\W systems
<br />Total accumulated dep'eciation
<br />Total capital assets being depreciated -net
<br />Business-type activities capital assets -net
<br />Beginning F.nding
<br />~ Increases Decreases lialsfers Balance
<br />$3,320,059 $212,871 $ $ $3,532,930
<br />167,224 3,197 170,421
<br />3,595,457 _M.!M!!L. ~ ~ 10,094,933
<br />7,082.740 8,634,675 ~ ~ ~84
<br />11,300,659 1,035,169 12,335,828
<br />861,550 23,258 (170,958) 713,850
<br />4,556,854 218,796 (158,206) 4,617,444
<br />2,707,945 262,778 (401,864) 2,568,859
<br />1,196,458 538,199 (179,260) 1,555,397
<br />88,189,240 ~ ----------88,241.098
<br />108,812.106 2.130.058 _J2!Q.2!!l. ___ o_ 11om2.416
<br />4,925,227 427,124 5,352,351
<br />590,839 60,511 (170,676) 480,674
<br />2,611,665 321,412 (158,206) 2,774,871
<br />1,581,699 202,207 (302,576) 1,481,330
<br />865,840 33,625 (179,260) 720,205
<br />~ 1,944,036 ----------63,161,645
<br />11.192.819 2.988.915 ___J!!J!.Zill ___ o_ n:n1.016
<br />37,019,827 ~ ____(22.51Ql. ___ o_ 36,061,400
<br />$44,102,567 $7,775,818 ($480,386) ~ $49,859,684
<br />Beginning fuling
<br />Balince ~ Decreases 'Ihmsfers Balance
<br />$1,623,032 ~ ($271,666) ~ $6.123.8,I
<br />488,663 (96,127) 392,536
<br />49,838,432 ~ ----------50,120,778
<br />50,327,095 ~~---0-~14
<br />327,125 19,900 (94,092) 252,933
<br />18.913.923 1,079,475 ----------19,993,398
<br />19,241.o48 ~ ~ ___ o_ 20,246.331
<br />3I,086,047 ~ ~ ___ o_ 30.266.983
<br />$32,709,079 $2,417,127 ($273,701) ~ $36,390,820 IV-24
|