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