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Management’s Discussion and Analysis
<br />
<br />
<br />Capital Asset and Debt Administration
<br />
<br />Capital assets. The City’s investment in capital assets for its governmental and business-
<br />type activities as of December 31, 2017, amounted to $74,442,977 (net of accumulated
<br />depreciation), an increase of $1,427,942 from the prior year. This investment in capital
<br />assets includes land, wetland credits, construction in progress, buildings, equipment,
<br />vehicles, and infrastructure. The City completed the Shenandoah Area street improvements,
<br />NorthPointe 2nd Addition infrastructure improvements, Fire Station #2, Pump House #6, the
<br />reconditioning of Water Tower #1, Aqua Lane to Blackduck Drive water main
<br />improvements, the build-out of two Ford F-650 light rescue fire vehicles, and the upgrade of
<br />the air conditioning system (Phase I ) at the Civic Complex. The City has continued to work
<br />to complete the Birch Street turn lanes and infrastructure improvements in 2017. In addition,
<br />the City began land preparation activities for NorthPointe Park, the upgrade of the air
<br />conditioning system (Phase II) at the Civic Complex, and the Council Chambers upgrade.
<br />Developer lead infrastructure improvements at various stages of completion include
<br />NorthPointe 3rd, 4th, 5th, and 6th Additions, Saddle Club 2nd and 3rdAdditions, Century Farms
<br />6th Addition, Woods Edge 1st and 2nd Additions, Clearwater Creek, St Clair Estates, and
<br />Chavez Estates.
<br />
<br />City of Lino Lakes’ Capital Assets
<br />(Net of Depreciation)
<br />
<br />2017 2016 2017 2016 2017 2016
<br />Land $3,320,059 $3,275,859 $ - $ - $3,320,059 $3,275,859
<br />Wetland credits 162,372 - - - 162,372 -
<br />Construction in progress 2,482,238 8,961,062 1,507,153 5,617,436 3,989,391 14,578,498
<br />Buildings 6,376,011 2,706,355 - - 6,376,011 2,706,355
<br />Office equipment and furniture 236,777 157,704 - - 236,777 157,704
<br />Vehicles 2,016,355 1,370,732 - - 2,016,355 1,370,732
<br />Machinery and shop equipment 1,133,624 1,017,332 147,568 167,440 1,281,192 1,184,772
<br />Other equipment 267,096 206,385 - - 267,096 206,385
<br />Infrastructure 26,616,495 23,458,996 30,177,229 26,075,734 56,793,724 49,534,730
<br /> Total $42,611,027 $41,154,425 $31,831,950 $31,860,610 $74,442,977 $73,015,035
<br />Governmental Activities Business-Type Activities Totals
<br />Additional information on the City’s capital assets can be found in Note 5 to the financial
<br />statements.
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