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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2022
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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 $73,684 ` $1,130 $74,814
<br /> G.O. Improvement Note of 2009A - 1,492,783 1,492,783
<br /> Area and Unit Charge - 1,853,957 1,853,957
<br />Nonmajor Funds - 1,370,889 1,370,889
<br /> Total $73,684 $4,718,759 $4,792,443
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2022 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 $5,675,330 $ - $ - $ - $5,675,330
<br />Wetland credits 49,042 - - - 49,042
<br />Construction in progress 7,861,679 5,192,365 (2,779,225) (1,639,217) 8,635,602
<br />Total capital assets, not being depreciated 13,586,051 5,192,365 (2,779,225) (1,639,217) 14,359,974
<br />Capital assets, being depreciated:
<br />Buildings 16,613,793 - - - 16,613,793
<br />Office equipment and furniture 830,171 - (3,826) - 826,345
<br />Vehicles 4,723,415 336,865 (244,975) - 4,815,305
<br />Machinery and shop equipment 2,894,223 84,290 (101,844) - 2,876,669
<br />Other equipment 1,874,394 774,904 (9,016) - 2,640,282
<br />Infrastructure 100,049,207 3,740,082 (1,261,925) - 102,527,364
<br />Total capital assets, being depreciated 126,985,203 4,936,141 (1,621,586)0 130,299,758
<br />Less accumulated depreciation for:
<br />Buildings 6,502,295 651,425 - - 7,153,720
<br />Office equipment and furniture 576,778 53,921 (3,825) - 626,874
<br />Vehicles 2,914,050 302,467 (244,975) - 2,971,542
<br />Machinery and shop equipment 1,768,481 240,603 (88,745) - 1,920,339
<br />Other equipment 808,567 76,214 (9,016) - 875,765
<br />Infrastructure 66,872,828 2,228,744 (1,261,925) - 67,839,647
<br />Total accumulated depreciation 79,442,999 3,553,374 (1,608,486)0 81,387,887
<br />Total capital assets being depreciated - net 47,542,204 1,382,767 (13,100)0 48,911,871
<br />Governmental activities capital assets - net $61,128,255 $6,575,132 ($2,792,325) ($1,639,217) $63,271,845
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