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Management’s Discussion and Analysis
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<br />
<br />information. Combining and individual fund statements and schedules are presented as
<br />Statements 19 through 27.
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<br />Government-Wide Financial Analysis
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<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 exceeded liabilities by $93,293,613 at the
<br />close of the most recent fiscal year.
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<br />The largest portion of the City’s net position ($54,700,209, or 59%) 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 />
<br />City of Lino Lakes’ Net Position
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<br />2017 2016 2017 2016 2017 2016
<br />Assets:
<br />Current and other assets $32,942,034 $37,480,144 $15,272,668 $14,501,255 $48,214,702 $51,981,399
<br />Capital assets 42,611,027 41,154,425 31,831,950 31,860,608 74,442,977 73,015,033
<br /> Total assets $75,553,061 $78,634,569 $47,104,618 $46,361,863 $122,657,679 $124,996,432
<br />Deferred outflows of resources $5,625,220 $8,780,333 $97,118 $168,302 $5,722,338 $8,948,635
<br />Liabilities:
<br />Long-term liabilities outstanding $27,257,669 $42,409,997 $413,334 $468,598 $27,671,003 $42,878,595
<br />Other liabilities 894,136 1,331,338 43,453 287,286 937,589 1,618,624
<br /> Total liabilities $28,151,805 $43,741,335 $456,787 $755,884 $28,608,592 $44,497,219
<br />Deferred inflows of resources $6,410,858 $1,546,117 $66,954 $50,224 $6,477,812 $1,596,341
<br />Net position:
<br />Net investment in capital assets $22,868,259 $18,597,344 $31,831,950 $31,860,610 $54,700,209 $50,457,954
<br />Restricted 11,730,147 13,342,852 - - 11,730,147 13,342,852
<br />Unrestricted 12,017,212 10,187,254 14,846,045 13,863,447 26,863,257 24,050,701
<br /> Total net position $46,615,618 $42,127,450 $46,677,995 $45,724,057 $93,293,613 $87,851,507
<br />Governmental Activities Business-Type Activities Totals
<br />$11,730,147 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 />($26,863,257) may be used to meet ongoing obligations to citizens and creditors.
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<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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<br />22
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