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Management’s Discussion and Analysis
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<br />Capital Asset and Debt Administration
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<br />Capital assets. The City’s investment in capital assets for its governmental and business-
<br />type activities as of December 31, 2021, amounted to $104,694,271 (net of accumulated
<br />depreciation), an increase of $6,176,162 from the prior year. This investment in capital
<br />assets includes land, wetland credits, construction in progress, buildings, equipment,
<br />vehicles, and infrastructure.
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<br />The City was conveyed the former Lino Lakes YMCA building and land after operations
<br />ceased due to the COVID-19 pandemic. The City is in the process of reopening the facility as
<br />the Rookery Activity Center. Construction of Water Tower #3 and the Well House #1
<br />Rehabilitation improvements were completed. The City has continued to work to complete
<br />the 2021 Street Reconstruction Project, trunk utility improvements at 49&J, drainage
<br />improvements in the NE Area of the City, and a hard court facility at Tower Park.
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<br />Developer lead infrastructure improvements at various stages of completion include
<br />Watermark 1st, 2nd, and 3rd additions and Naduea Acres 1st and 2nd.
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<br />City of Lino Lakes’ Capital Assets
<br />(Net of Depreciation)
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<br />2021 2020 2021 2020 2021 2020
<br />Land $5,675,330 $3,532,930 $ - $ - $5,675,330 $3,532,930
<br />Wetland credits 49,042 93,876 - - 49,042 93,876
<br />Construction in progress 7,861,679 8,036,003 3,239,205 10,336,586 11,100,884 18,372,589
<br />Buildings 10,111,498 7,619,238 - - 10,111,498 7,619,238
<br />Office equipment and furniture 253,393 312,288 - - 253,393 312,288
<br />Vehicles 1,809,364 1,961,862 - - 1,809,364 1,961,862
<br />Machinery and shop equipment 1,125,742 1,070,655 368,489 257,047 1,494,231 1,327,702
<br />Other equipment 1,065,828 1,002,034 - - 1,065,828 1,002,034
<br />Infrastructure 33,176,379 31,523,026 39,958,322 32,772,564 73,134,701 64,295,590
<br /> Total $61,128,255 $55,151,912 $43,566,016 $43,366,197 $104,694,271 $98,518,109
<br />Governmental Activities Business-Type Activities Totals
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<br />Additional information on the City’s capital assets can be found in Note 5 to the financial
<br />statements.
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