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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2024
<br />Note 13 FUND BALANCE
<br />At December 31, 2024, a summary of the governmental fund balance classifications is as follows:
<br />The Rookery
<br />Capital
<br />Other
<br />General
<br />Activity
<br />Equipment
<br />Area and MSA Governmental
<br />Fund
<br />Center
<br />Replacement
<br />Unit Trunk Construction Funds
<br />Total
<br />Nonspendable:
<br />Prepaid items
<br />$557,155
<br />$56,350
<br />$
<br />$ $ - $ -
<br />$613,505
<br />Corpus of permanent fund
<br />-
<br />-
<br />- 100,000
<br />100,000
<br />Total nonspendable
<br />557,155
<br />56,350
<br />- - 100,000
<br />713,505
<br />Restricted for:
<br />Debt service
<br />- - 3,779,535
<br />3,779,535
<br />Park improvements
<br />- - 1,263,854
<br />1,263,854
<br />Economic development
<br />- - 225,000
<br />225,000
<br />Local affordable housing
<br />- - 89,644
<br />89,644
<br />Blue Heron Days
<br />- - - 14,657
<br />14,657
<br />Narcotics & forfeiture funds
<br />- - 87,875
<br />87,875
<br />K-9 Unit purposes
<br />- - - 5,041
<br />5,041
<br />Public safety aid
<br />- - - 508,218
<br />508,218
<br />Tax increment purposes
<br />- - - 424,610
<br />424,610
<br />Environmental purposes
<br />- - - 42,924
<br />42,924
<br />Total restricted
<br />-
<br />- - 6,441,358
<br />6,441,358
<br />Cornnritted for:
<br />Veteran's Memorial
<br />50,000
<br />- - -
<br />50,000
<br />Fire department gear
<br />17,500
<br />- -
<br />17,500
<br />Rookery activity center
<br />-
<br />21,006 - -
<br />21,006
<br />Economic development
<br />-
<br />- - 33,762
<br />33,762
<br />Cable Wand
<br />cornmunications purposes
<br />-
<br />- - - 266,661
<br />266,661
<br />Total committed
<br />67,500
<br />21,006 - - 300,423
<br />388,929
<br />Assigned for:
<br />Capital improvements
<br />-
<br />- 10,419,643 4,283,196 7,567,121
<br />22,269,960
<br />Unassigned
<br />8,931,762
<br />- (281,116) - - (1,613,841)
<br />7,036,805
<br />Total fund balance
<br />$9,556,417
<br />$77,356 ($281,116) $10,419,643 $4,283,196 $12,795,061
<br />$36,850,557
<br />82
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