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CITY OF LINO LAKES, MINNESOTA
<br />COMBINING BALANCE SHEET
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />December 31, 2024
<br />Statement 19
<br />Permanent
<br />Fund
<br />Total
<br />Environment &
<br />Nonmajor
<br />Special
<br />Debt
<br />Capital
<br />Stewardship
<br />Governmental
<br />Revenue
<br />Service
<br />Project
<br />Fund
<br />Funds
<br />Assets
<br />Cash and investments
<br />$1,243,303
<br />$3,778,075
<br />$8,491,971
<br />$144,924
<br />$13,658,273
<br />Advances to other funds
<br />-
<br />-
<br />202,000
<br />-
<br />202,000
<br />Taxes receivable:
<br />Due from county
<br />-
<br />-
<br />167,953
<br />-
<br />167,953
<br />Special assessments receivable:
<br />Due from county
<br />-
<br />1,460
<br />601
<br />-
<br />2,061
<br />Delinquent
<br />-
<br />688
<br />306
<br />-
<br />994
<br />Deferred
<br />-
<br />318,991
<br />158,333
<br />-
<br />477,324
<br />Leases receivable
<br />-
<br />-
<br />1,165,913
<br />-
<br />1,165,913
<br />Interfund loan receivable
<br />-
<br />-
<br />738,060
<br />-
<br />738,060
<br />Total assets
<br />$1,243,303
<br />$4,099,214
<br />$10,925,137
<br />$144,924
<br />$16,412,578
<br />Liabilities, Deferred Inflows of Resources, and Fund Balance
<br />Liabilities:
<br />Accounts payable
<br />$12,445
<br />$ -
<br />$439,782
<br />$2,000
<br />$454,227
<br />Advances from other funds
<br />-
<br />-
<br />202,000
<br />-
<br />202,000
<br />Retainage payable
<br />-
<br />-
<br />17,389
<br />-
<br />17,389
<br />Unearned revenue
<br />-
<br />-
<br />2,500
<br />-
<br />2,500
<br />Interfund loan payable
<br />-
<br />-
<br />1,297,170
<br />-
<br />1,297,170
<br />Total liabilities
<br />12,445
<br />-
<br />1,958,841
<br />2,000
<br />1,973,286
<br />Deferred inflows of resources:
<br />Unavailable revenue
<br />-
<br />319,679
<br />158,639
<br />-
<br />478,318
<br />Lease related
<br />-
<br />-
<br />1,165,913
<br />-
<br />1,165,913
<br />Total deferred inflows of resources
<br />-
<br />319,679
<br />1,324,552
<br />-
<br />1,644,231
<br />Fund balance:
<br />Nonspendable
<br />-
<br />-
<br />-
<br />100,000
<br />100,000
<br />Restricted
<br />930,435
<br />3,779,535
<br />1,688,464
<br />42,924
<br />6,441,358
<br />Committed
<br />300,423
<br />-
<br />-
<br />-
<br />300,423
<br />Assigned
<br />-
<br />-
<br />7,567,121
<br />-
<br />7,567,121
<br />Unassigned
<br />-
<br />-
<br />(1,613,841)
<br />-
<br />(1,613,841)
<br />Total fund balance
<br />1,230,858
<br />3,779,535
<br />7,641,744
<br />142,924
<br />12,795,061
<br />Total liabilities, deferred inflows
<br />of resources, and fund balance
<br />$1,243,303
<br />$4,099,214
<br />$10,925,137
<br />$144,924
<br />$16,412,578
<br />110
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