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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2020 <br /> <br /> <br /> <br /> <br />Note 3 RECEIVABLES <br /> <br />Significant receivable balances not expected to be collected within one year of December 31, 2020 are as <br />follows: <br /> <br />Property Special <br />Taxes Assessments <br />Receivable Receivable Total <br />Major Funds: <br /> General Fund $53,000 $ - $53,000 <br /> G.O. Improvement Note of 2009A - 2,138,400 2,138,400 <br /> G.O. Improvement Bonds of 2016B - 2,994,400 2,994,400 <br /> Area and Unit Charge - 2,055,000 2,055,000 <br />Nonmajor Funds - 811,900 811,900 <br /> Total $53,000 $7,999,700 $8,052,700 <br /> <br />Note 4 UNAVAILABLE REVENUE <br /> <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 of unavailable revenue reported in the governmental funds are as follows: <br /> <br />Property Special <br />Taxes Assessments <br />Receivable Receivable Total <br />Major Funds: <br /> General Fund $131,631 $169 $131,800 <br /> G.O. Improvement Note of 2009A - 2,164,802 2,164,802 <br />G.O. Improvement Bonds of 2016B - 2,994,379 2,994,379 <br /> Area and Unit Charge - 2,176,986 2,176,986 <br />Nonmajor Funds - 892,130 892,130 <br /> Total $131,631 $8,228,466 $8,360,097 <br /> <br />56