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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2017
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<br />investments are held, and diversifying the investment portfolio. This is measured by the assignment of
<br />a rating by a nationally recognized statistical rating organization.
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<br />Concentration of Credit Risk – Concentration of credit risk is the risk of loss that may be attributed to
<br />the magnitude of a government’s investment in a single issuer. The City places no limit on the amount
<br />it may invest in any one issuer. At December 31, 2017, no individual investments exceeded 5% of the
<br />City’s total investment portfolio.
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<br />Note 3 RECEIVABLES
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<br />Significant receivable balances not expected to be collected within one year of December 31, 2017 are as
<br />follows:
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<br />Property Special
<br />Taxes Assessments Notes
<br />Receivable Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $35,344 $ - $ - $35,344
<br /> G.O. Improvement Note of 2009A - 2,630,915 - 2,630,915
<br /> G.O. Improvement Bonds of 2016B - 2,994,379 - 2,994,379
<br /> Area and Unit Charge - 1,029,733 - 1,029,733
<br />Nonmajor Funds 8,179 1,042,887 225,000 1,276,066
<br /> Total $43,523 $7,697,914 $225,000 $7,966,437
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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:
<br />
<br />Property Special
<br />Taxes Assessments
<br />Receivable Receivable Total
<br />Major Funds:
<br /> General Fund $56,559 $329 $56,888
<br /> G.O. Improvement Note of 2009A - 2,639,483 2,639,483
<br />G.O. Improvement Bonds of 2016B - 2,994,379 2,994,379
<br /> Area and Unit Charge - 1,126,587 1,126,587
<br />Nonmajor Funds 13,088 1,190,885 1,203,973
<br /> Total $69,647 $7,951,663 $8,021,310
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