06-02-25 - Council Work Session Agenda

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CITY OF LINO LAKES, MINNESOTA SUBCOMBINING BALANCE SHEET NONMAJOR CAPITAL PROJECT FUNDS December 31, 2024 418 Tax 419 Tax 430 Tax 421 Increment Increment Increment Pavement Financing 1-II Financing 1-12 Financing 1-13 Management Assets Cash and investments $928 $411,910 $4,414 $461,730 Advances to other funds - - - 151,701 Taxes receivable: Due from county 48 - 167,905 - Special assessments receivable: Due from county - - - - Delinquent - - - - Deferred - - - - Leases receivable - - - - Interfund loan receivable - - - - Total assets $976 $411,910 $172,319 $613,431 Liabilities, Deferred Inflows of Resources, and Fund Balance Liabilities: Accounts payable $176 $ - $159,619 $34,380 Advances from other funds - - - - Retainage payable - - - 17,389 Unearned revenue - - - - Interfund loan payable 1,297,170 - - - Total liabilities 1,297,346 - 159,619 51,769 Deferred inflows of resources: Unavailable revenue - - - - Lease related - - - - Total deferred inflows of resources - - - - Fund balance: Restricted - 411,910 12,700 - Assigned - - - 561,662 Unassigned (1,296,370) - - - Total fund balance (1,296,370) 411,910 12,700 561,662 Total liabilities, deferred inflows of resources, and fund balance $976 $411,910 $172,319 $613,431 128