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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2021
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $38,134,799 $15,871,469 $54,006,268
<br />Accrued interest receivable 140,768 - 140,768
<br />Due from other governmental units 159,898 2,236 162,134
<br />Accounts receivable - net 52,288 400,851 453,139
<br />Prepaid items 465,192 127,557 592,749
<br />Internal balances (559,110) 559,110 -
<br />Inventory - 18,077 18,077
<br />Taxes receivable 227,084 - 227,084
<br />Special assessments receivable 8,948,542 - 8,948,542
<br />Net pension asset 533,340 - 533,340
<br />Capital assets - nondepreciable 13,586,051 3,239,205 16,825,256
<br />Capital assets - net of accumulated depreciation 47,542,204 40,326,811 87,869,015
<br />Total assets 109,231,056 60,545,316 169,776,372
<br />Deferred outflows of resources:
<br />Pension related 4,445,267 177,865 4,623,132
<br />OPEB related 92,843 - 92,843
<br />Total deferred outflows of resources 4,538,110 177,865 4,715,975
<br />Liabilities:
<br />Accounts payable and other current liabilities 1,054,872 151,737 1,206,609
<br />Deposits payable 2,375,417 - 2,375,417
<br />Accrued interest payable 261,299 - 261,299
<br />Unearned revenue 1,190,147 - 1,190,147
<br />Other post employment benefits:
<br />Due in more than one year 456,037 46,206 502,243
<br />Long-term liabilities:
<br />Due within one year 2,929,787 47,876 2,977,663
<br />Due in more than one year 20,758,941 2,520 20,761,461
<br />Net pension liability:
<br />Due in more than one year 3,148,143 246,012 3,394,155
<br />Total liabilities 32,174,643 494,351 32,668,994
<br />Deferred inflows of resources:
<br />Pension related 6,291,675 237,212 6,528,887
<br />OPEB related 450,486 - 450,486
<br />Total deferred inflows of resources 6,742,161 237,212 6,979,373
<br />Net position:
<br />Net investment in capital assets 38,987,698 43,566,016 82,553,714
<br />Restricted (nonexpendable) for environmental purposes 100,000 - 100,000
<br />Restricted (expendable) for:
<br />Debt service 10,721,235 - 10,721,235
<br />Park improvements 1,778,971 - 1,778,971
<br />Tax increment purposes 580,723 - 580,723
<br />Fire Department pension plan 457,288 - 457,288
<br />Other purposes 251,033 - 251,033
<br />Unrestricted 21,975,414 16,425,602 38,401,016
<br />Total net position $74,852,362 $59,991,618 $134,843,980
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
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