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CITY OF LINO LAKES, MINNESOTA <br />RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL Statement 4 <br />FUNDS TO THE STATEMENT OF NET POSITION <br />December 31, 2021 <br />Fund balance - total governmental funds (Statement 3) $33,927,326 <br />Net position reported for governmental activities in the Statement of Net Position is <br />different because: <br />Certain assets used in governmental activities are not current financial resources and, <br />therefore, are not reported in the funds. <br />Capital assets 61,128,255 <br />Net pension asset 533,340 <br />Other long-term assets are not available to pay for current-period expenditures and <br />therefore, are reported as unavailable revenue in the funds: <br />Delinquent taxes receivable 74,703 <br />Delinquent special assessments receivable 12,345 <br />Deferred special assessments receivable 8,934,651 <br />Long-term liabilities are not due and payable in the current period and, therefore, are not <br />reported in the funds. Long-term liabilities at year end consist of: <br />Bonds and notes payable (21,949,720) <br />Unamortized bond premiums (889,410) <br />Unamortized bond discounts 7,948 <br />Accrued interest payable (261,299) <br />Compensated absences payable (857,546) <br />Other post employment benefits (456,037) <br />Net pension liability (3,148,143) <br />Deferred outflows and inflows of resources related to pensions and OPEB are associated <br />with long-term liabilities that are not due and payable in the current period, and therefore, <br />are not reported in the funds. Balances at year end are: <br />Deferred outflows of resources 4,538,110 <br />Deferred inflows of resources (6,742,161) <br />Net position of governmental activities (Statement 1)$74,852,362 <br />The accompanying notes are an integral part of these financial statements. <br />37