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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2024
<br />Assets:
<br />Cash and investments
<br />Accrued interest receivable
<br />Due from other governments
<br />Accounts receivable - net
<br />Prepaid items
<br />Internal balances
<br />Inventory
<br />Taxes receivable
<br />Special assessments receivable
<br />Leases receivable
<br />Net pension asset
<br />Capital assets - nondepreciable
<br />Capital assets - net of accumulated depreciation
<br />Total assets
<br />Deferred outflows of resources:
<br />Pension related
<br />OPEB related
<br />Total deferred outflows of resources
<br />Liabilities:
<br />Accounts payable and other current liabilities
<br />Due to other governments
<br />Accrued interest payable
<br />Unearned revenue
<br />Deposits payable
<br />Other post employment benefits:
<br />Due in more than one year
<br />Long-term liabilities:
<br />Due within one year
<br />Due in more than one year
<br />Net pension liability:
<br />Due in more than one year
<br />Total liabilities
<br />Deferred inflows of resources:
<br />Lease related
<br />Pension related
<br />OPEB related
<br />Total deferred inflows of resources
<br />Net position:
<br />Net investment in capital assets
<br />Restricted (nonexpendable) for environmental purposes
<br />Restricted (expendable) for:
<br />Statement 1
<br />Primary Government
<br />Governmental Business -Type
<br />Activities Activities Total
<br />$42,329,271
<br />$13,492,069
<br />$55,821,340
<br />248,791
<br />-
<br />248,791
<br />2,844,173
<br />5,487
<br />2,849,660
<br />71,923
<br />693,259
<br />765,182
<br />613,505
<br />183,377
<br />796,882
<br />(2,368,218)
<br />2,368,218
<br />-
<br />-
<br />85,378
<br />85,378
<br />437,386
<br />-
<br />437,386
<br />2,984,514
<br />2,286
<br />2,986,800
<br />1,583,577
<br />-
<br />1,583,577
<br />695,585
<br />-
<br />695,585
<br />7,585,564
<br />7,290,166
<br />14,875,730
<br />59,292,019
<br />49,495,628
<br />108,787,647
<br />116,318,090
<br />73,615,868
<br />189,933,958
<br />5,319,229
<br />122,256
<br />5,441,485
<br />297,911
<br />-
<br />297,911
<br />5,617,140
<br />122,256
<br />5,739,396
<br />4,073,025
<br />283,270
<br />4,356,295
<br />77,062
<br />14,777
<br />91,839
<br />178,231
<br />3,092
<br />181,323
<br />90,867
<br />-
<br />90,867
<br />2,978,397
<br />4,600
<br />2,982,997
<br />737,331
<br />103,700
<br />841,031
<br />2,441,030
<br />429,428
<br />2,870,458
<br />14,463,949
<br />914,219
<br />15,378,168
<br />4,463,956
<br />307,207
<br />4,771,163
<br />29,503,848
<br />2,060,293
<br />31,564,141
<br />1,583,577
<br />-
<br />1,583,577
<br />6,670,897
<br />235,557
<br />6,906,454
<br />369,579
<br />-
<br />369,579
<br />8,624,053
<br />235,557
<br />8,859,610
<br />50,860,601
<br />53,198,585
<br />104,059,186
<br />100,000
<br />-
<br />100,000
<br />Debt service
<br />3,920,983
<br />- 3,920,983
<br />Park improvements
<br />1,263,854
<br />- 1,263,854
<br />Public safety
<br />601,134
<br />- 601,134
<br />Economic development
<br />739,254
<br />- 739,254
<br />Fire Department pension plan
<br />695,585
<br />- 695,585
<br />Other purposes
<br />57,581
<br />- 57,581
<br />Unrestricted
<br />25,568,337
<br />18,243,689 43,812,026
<br />Total net position
<br />$83,807,329
<br />$71,442,274 $155,249,603
<br />The accompanying notes are an integral part of these financial statements.
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