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Management's Discussion and Analysis
<br />Government -Wide Financial Analysis
<br />As noted earlier, net position may serve over time as a useful indicator of a government's
<br />financial position. In the case of the City, assets and deferred outflows of resources exceeded
<br />liabilities and deferred inflows of resources by $134,843,980 at the close of the most recent
<br />fiscal year.
<br />The largest portion of the City's net position ($82,553,714, or 61 %) reflects its net
<br />investment in capital assets (e.g. land, buildings, equipment, and infrastructure) less any
<br />related debt used to acquire those assets that is still outstanding. The City uses these capital
<br />assets to provide services to citizens; consequently, these assets are not available for future
<br />spending. Although the City's investment in its capital assets is reported net of related debt,
<br />it should be noted that the resources needed to repay this debt must be provided from other
<br />sources, since the capital assets themselves cannot be used to liquidate these liabilities.
<br />Assets:
<br />Current and other assets
<br />Capital assets
<br />Total assets
<br />Deferred outflows ofresources
<br />Liabilities:
<br />Long-term liabilities outstanding
<br />Other liabilities
<br />Total liabilities
<br />Deferred inflows ofresources
<br />Net position:
<br />Net investment in capital assets
<br />Restricted
<br />Unrestricted
<br />Total net position
<br />City of Lino Lakes' Net Position
<br />Governmental Activities
<br />2021
<br />2020
<br />Business -Type Activities
<br />2021 2020
<br />Totals
<br />2021 2020
<br />$48,102,801
<br />$44,476,092
<br />$16,979,300
<br />$16,571,768
<br />$65,082,101
<br />$61,047,860
<br />61,128,255
<br />55,151,912
<br />43,566,016
<br />43,366,197
<br />104,694,271
<br />98,518,109
<br />$109,231,056
<br />$99,628,004
<br />$60,545,316
<br />$59,937,965
<br />$169,776,372
<br />$159,565,969
<br />$4,538,110
<br />$1,995,741
<br />$177,865
<br />$31,725
<br />$4,715,975
<br />$2,027,466
<br />$27,292,908
<br />$30,637,047
<br />$342,614
<br />$398,988
<br />$27,635,522
<br />$31,036,035
<br />4,881,735
<br />3,722,743
<br />151,737
<br />123,285
<br />5,033,472
<br />3,846,028
<br />$32,174,643
<br />$34,359,790
<br />$494,351
<br />$522,273
<br />$32,668,994
<br />$34,882,063
<br />$6,742,161
<br />$3,170,706
<br />$237,212
<br />$27,076
<br />$6,979,373
<br />$3,197,782
<br />$38,987,698
<br />$31,960,308
<br />$43,566,016
<br />$43,366,197
<br />$82,553,714
<br />$75,326,505
<br />13,889,250
<br />13,446,203
<br />-
<br />-
<br />13,889,250
<br />13,446,203
<br />21,975,414
<br />18,686,738
<br />16,425,602
<br />16,054,144
<br />38,401,016
<br />34,740,882
<br />$74,852,362
<br />$64,093,249
<br />$59,991,618
<br />$59,420,341
<br />$134,843,980
<br />$123,513,590
<br />$13,889,250 of the City's net position represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position
<br />($38,401,016) may be used to meet ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate
<br />governmental and business -type activities.
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