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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2020
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $35,151,477 $15,505,153 $50,656,630
<br />Accrued interest receivable 167,976 - 167,976
<br />Due from other governmental units 76,002 32,485 108,487
<br />Accounts receivable - net 61,140 336,717 397,857
<br />Prepaid items 317,300 117,440 434,740
<br />Internal balances (559,110) 559,110 -
<br />Inventory - 20,863 20,863
<br />Taxes receivable 457,579 - 457,579
<br />Special assessments receivable 8,244,181 - 8,244,181
<br />Net pension asset 559,547 - 559,547
<br />Capital assets - nondepreciable 11,662,809 10,336,586 21,999,395
<br />Capital assets - net of accumulated depreciation 43,489,103 33,029,611 76,518,714
<br />Total assets 99,628,004 59,937,965 159,565,969
<br />Deferred outflows of resources:
<br />Pension related 1,985,052 31,725 2,016,777
<br />OPEB related 10,689 - 10,689
<br />Total deferred outflows of resources 1,995,741 31,725 2,027,466
<br />Liabilities:
<br />Accounts payable and other current liabilities 1,263,656 123,285 1,386,941
<br />Deposits payable 2,172,668 - 2,172,668
<br />Accrued interest payable 286,419 - 286,419
<br />Other post employment benefits:
<br />Due in more than one year 606,506 6,968 613,474
<br />Long-term liabilities:
<br />Due within one year 3,594,132 31,072 3,625,204
<br />Due in more than one year 21,357,275 10,766 21,368,041
<br />Net pension liability:
<br />Due in more than one year 5,079,134 350,182 5,429,316
<br />Total liabilities 34,359,790 522,273 34,882,063
<br />Deferred inflows of resources:
<br />Pension related 2,917,755 27,076 2,944,831
<br />OPEB related 252,951 - 252,951
<br />Total deferred inflows of resources 3,170,706 27,076 3,197,782
<br />Net position:
<br />Net investment in capital assets 31,960,308 43,366,197 75,326,505
<br />Restricted for:
<br />Debt service 10,510,225 - 10,510,225
<br />Tax increment purposes 740,979 - 740,979
<br />Park improvements 1,327,036 - 1,327,036
<br />Other purposes 867,963 - 867,963
<br />Unrestricted 18,686,738 16,054,144 34,740,882
<br />Total net position $64,093,249 $59,420,341 $123,513,590
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
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