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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2023
<br />Note 13 FUND BALANCE
<br />At December 31, 2023, a summary of the governmental fund balance classifications is as follows:
<br />The Rookery G.O. Capital Other
<br />General Activity Improvement Equipment Area and MSA Governmental
<br />Fund Center Bonds of 2016B Replacement Unit Trunk Construction Funds Total
<br />Nonspendable:
<br />Prepaid items $567,849 $59,611 $ - $ - $ - $ - $ - $627,460
<br />Corpus of permanent fund - - - - - - 100,000 100,000
<br />Total nonspendable 567,849 59,611 - - - - 100,000 727,460
<br />Restricted for:
<br />Debt service - - - - - - 4,426,868 4,426,868
<br />Park improvements - - - - - - 1,338,954 1,338,954
<br />Economic development - - - - - - 225,000 225,000
<br />Blue Heron Days - - - - - - 5,444 5,444
<br />Narcotics & forfeiture funds - - - - - - 109,084 109,084
<br />K-9 Unit purposes - - - - - - 12,772 12,772
<br />Public safety aid - - - - - - 649,683 649,683
<br />Tax increment purposes - - - - - - 276,780 276,780
<br />Environmental purposes - - - - - - 38,604 38,604
<br />Total restricted - - - - - - 7,083,189 7,083,189
<br />Committed for:
<br />Future projects 75,667 - - - - - - 75,667
<br />Economic development - - - - - - 22,237 22,237
<br />Cable TV and
<br />communications purposes - - - - - - 257,731 257,731
<br />Total committed 75,667 - - - - - 279,968 355,635
<br />Assigned for:
<br />Capital improvements - - - - 9,562,325 4,810,424 6,334,784 20,707,533
<br />Unassigned 7,940,364 (64,678) (1,728,204) (960,579) - - (43,667) 5,143,236
<br />Total fund balance $8,583,880 ($5,067) ($1,728,204) ($960,579) $9,562,325 $4,810,424 $13,754,274 $34,017,053
<br />78
<br />85
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