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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION Statement 1
<br />December 31, 2017
<br />Governmental Business-Type
<br />Activities Activities Total
<br />Assets:
<br />Cash and investments $24,934,980 $13,921,698 $38,856,678
<br />Accrued interest receivable 84,517 - 84,517
<br />Due from other governmental units 133,556 1,614 135,170
<br />Accounts receivable - net 51,052 376,957 428,009
<br />Prepaid items 244,976 27,082 272,058
<br />Internal balances (914,949) 914,949 -
<br />Inventory - 30,368 30,368
<br />Taxes receivable 100,047 - 100,047
<br />Special assessments receivable 7,954,861 - 7,954,861
<br />Long-term notes receivable 225,000 - 225,000
<br />Net pension asset 127,994 - 127,994
<br />Capital assets - nondepreciable 5,964,669 1,507,153 7,471,822
<br />Capital assets - net of accumulated depreciation 36,646,358 30,324,797 66,971,155
<br />Total assets 75,553,061 47,104,618 122,657,679
<br />Deferred outflows of resources related to pensions 5,625,220 97,118 5,722,338
<br />Liabilities:
<br />Accounts payable and other current liabilities 736,608 43,453 780,061
<br />Accrued interest payable 157,528 - 157,528
<br />Compensated absences payable:
<br />Due within one year 492,042 38,130 530,172
<br />Due in more than one year 276,866 28,426 305,292
<br />Other post employment benefits 738,061 8,480 746,541
<br />Bonds and notes payable:
<br />Due within one year 3,130,600 - 3,130,600
<br />Due in more than one year 16,845,643 - 16,845,643
<br />Net pension liability:
<br />Due in more than one year 5,774,457 338,298 6,112,755
<br />Total liabilities 28,151,805 456,787 28,608,592
<br />Deferred inflows of resources:
<br />Pension related 6,359,775 66,954 6,426,729
<br />OPEB related 51,083 - 51,083
<br />Total deferred inflows of resources 6,410,858 66,954 6,477,812
<br />Net position:
<br />Net investment in capital assets 22,868,259 31,831,950 54,700,209
<br />Restricted for:
<br />Debt service 10,564,305 - 10,564,305
<br />Economic development 225,000 - 225,000
<br />Tax increment purposes 479,695 - 479,695
<br />Environmental improvements - nonexpendable 100,000 - 100,000
<br />Environmental improvements - expendable 23,316 - 23,316
<br />Other purposes 337,831 - 337,831
<br />Unrestricted 12,017,212 14,846,045 26,863,257
<br />Total net position $46,615,618 $46,677,995 $93,293,613
<br />Primary Government
<br />The accompanying notes are an integral part of these financial statements.
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