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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2023
<br />202 333 G.O.
<br />The Rookery Improvement
<br />General Fund Activity Center Note of 2009A
<br />Assets
<br />Cash and investments $11,158,134 $142,317 $ -
<br />Accrued interest receivable 224,587 - -
<br />Due from other governments 171,005 988 -
<br />Accounts receivable - net 62,262 9,736 -
<br />Prepaid items 567,849 59,611 -
<br />Advances to other funds - - -
<br />Taxes receivable:
<br />Due from county 123,055 - -
<br />Delinquent 76,537 - -
<br />Special assessments receivable:
<br />Due from county - - -
<br />Delinquent - - 1,725
<br />Deferred 360 - 1,511,888
<br />Leases receivable 490,746 - -
<br />Interfund loan receivable - - -
<br />Total assets $12,874,535 $212,652 $1,513,613
<br />Liabilities, Deferred Inflows of Resources, and Fund Balances
<br />Liabilities:
<br />Accounts payable $168,658 $63,210 $ -
<br />Salaries payable 373,487 40,015 -
<br />Due to other governments 79,701 14,595 -
<br />Advances from other funds - - -
<br />Retainage payable - - -
<br />Deposits payable 3,101,166 - -
<br />Unearned revenue - 99,899 -
<br />Interfund loan payable - - -
<br />Total liabilities 3,723,012 217,719 -
<br />Deferred inflows of resources:
<br />Unavailable revenue 76,897 - 1,513,613
<br />Lease related 490,746 - -
<br />Total deferred inflows of resources 567,643 - 1,513,613
<br />Fund balance:
<br />Nonspendable 567,849 59,611 -
<br />Restricted - - -
<br />Committed 75,667 - -
<br />Assigned - - -
<br />Unassigned 7,940,364 (64,678) -
<br />Total fund balance 8,583,880 (5,067) -
<br />Total liabilities, deferred inflows of $12,874,535 $212,652 $1,513,613
<br /> resources, and fund balance
<br />The accompanying notes are an integral part of these financial statements.
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