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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
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<br />Note 4 UNAVAILABLE REVENUE
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<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:
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<br />Property Special
<br />Taxes Assessments
<br />Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $74,703 $199 $74,902
<br /> G.O. Improvement Note of 2009A - 2,178,311 2,178,311
<br />G.O. Improvement Bonds of 2016B - 2,994,379 2,994,379
<br /> Area and Unit Charge - 2,178,805 2,178,805
<br />Nonmajor Funds - 1,595,302 1,595,302
<br /> Total $74,703 $8,946,996 $9,021,699
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2021 was as follows:
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<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $3,532,930 $2,142,400 $ - $ - $5,675,330
<br />Wetland credits 93,876 - (44,834) - 49,042
<br />Construction in progress 8,036,003 4,006,637 (3,748,254) (432,707) 7,861,679
<br />Total capital assets, not being depreciated 11,662,809 6,149,037 (3,793,088) (432,707) 13,586,051
<br />Capital assets, being depreciated:
<br />Buildings 13,463,193 3,150,600 - - 16,613,793
<br />Office equipment and furniture 830,171 - - - 830,171
<br />Vehicles 4,910,323 154,862 (341,770) - 4,723,415
<br />Machinery and shop equipment 2,754,580 350,538 (210,895) - 2,894,223
<br />Other equipment 1,782,130 132,037 (39,773) - 1,874,394
<br />Infrastructure 96,273,892 3,775,315 - - 100,049,207
<br />Total capital assets, being depreciated 120,014,289 7,563,352 (592,438)0 126,985,203
<br />Less accumulated depreciation for:
<br />Buildings 5,843,955 658,340 - - 6,502,295
<br />Office equipment and furniture 517,883 58,895 - - 576,778
<br />Vehicles 2,948,461 307,360 (341,770) - 2,914,051
<br />Machinery and shop equipment 1,683,925 234,162 (149,606) - 1,768,481
<br />Other equipment 780,096 68,243 (39,773) - 808,566
<br />Infrastructure 64,750,866 2,121,962 - - 66,872,828
<br />Total accumulated depreciation 76,525,186 3,448,962 (531,149)0 79,442,999
<br />Total capital assets being depreciated - net 43,489,103 4,114,390 (61,289)0 47,542,204
<br />Governmental activities capital assets - net $55,151,912 $10,263,427 ($3,854,377) ($432,707) $61,128,255
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