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Management's Discussion and Analysis
<br />Capital Asset and Debt Administration
<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.
<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.
<br />Developer lead infrastructure improvements at various stages of completion include
<br />Watermark 1 St, 2nd, and 3rd additions and Naduea Acres 1st and 2nd
<br />City of Lino Lakes' Capital Assets
<br />(Net of Depreciation)
<br />Governmental Activities Business -Type Activities Totals
<br />2021 2020 2021 2020 2021 2020
<br />Land
<br />$5,675,330
<br />$3,532,930
<br />$
<br />$
<br />$5,675,330
<br />$3,532,930
<br />Wetland credits
<br />49,042
<br />93,876
<br />49,042
<br />93,876
<br />Construction in progress
<br />7,861,679
<br />8,036,003
<br />3,239,205
<br />10,336,586
<br />11,100,884
<br />18,372,589
<br />Buildings
<br />10,111,498
<br />7,619,238
<br />-
<br />-
<br />10,111,498
<br />7,619,238
<br />Office equipment and furniture
<br />253,393
<br />312,288
<br />253,393
<br />312,288
<br />Vehicles
<br />1,809,364
<br />1,961,862
<br />-
<br />-
<br />1,809,364
<br />1,961,862
<br />Machinery and shop equipment
<br />1,125,742
<br />1,070,655
<br />368,489
<br />257,047
<br />1,494,231
<br />1,327,702
<br />Other equipment
<br />1,065,828
<br />1,002,034
<br />-
<br />-
<br />1,065,828
<br />1,002,034
<br />Infrastructure
<br />33,176,379
<br />31,523,026
<br />39,958,322
<br />32,772,564
<br />73,134,701
<br />64,295,590
<br />Total
<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 />Additional information on the City's capital assets can be found in Note 5 to the financial
<br />statements.
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