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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2024
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<br />Note 13 FUND BALANCE
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<br />At December 31, 2024, a summary of the governmental fund balance classifications is as follows:
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<br />The Rookery Capital Other
<br />General Activity Equipment Area and MSA Governmental
<br />Fund Center Replacement Unit Trunk Construction Funds Total
<br />Nonspendable:
<br />Prepaid items $557,155 $56,350 $ - $ - $ - $ - $613,505
<br />Corpus of permanent fund - - - - - 100,000 100,000
<br />Total nonspendable 557,155 56,350 - - - 100,000 713,505
<br />Restricted for:
<br />Debt service - - - - - 3,779,535 3,779,535
<br />Park improvements - - - - - 1,263,854 1,263,854
<br />Economic development - - - - - 225,000 225,000
<br />Local affordable housing - - - - - 89,644 89,644
<br />Blue Heron Days - - - - - 14,657 14,657
<br />Narcotics & forfeiture funds - - - - - 87,875 87,875
<br />K-9 Unit purposes - - - - - 5,041 5,041
<br />Public safety aid - - - - - 508,218 508,218
<br />Tax increment purposes - - - - - 424,610 424,610
<br />Environmental purposes - - - - - 42,924 42,924
<br />Total restricted - - - - - 6,441,358 6,441,358
<br />Committed for:
<br />Veteran's Memorial 50,000 - - - - - 50,000
<br />Fire department gear 17,500 - - - - - 17,500
<br />Rookery activity center - 21,006 - - - - 21,006
<br />Economic development - - - - - 33,762 33,762
<br />Cable TV and
<br />communications purposes - - - - - 266,661 266,661
<br />Total committed 67,500 21,006 - - - 300,423 388,929
<br />Assigned for:
<br />Capital improvements - - - 10,419,643 4,283,196 7,567,121 22,269,960
<br />Unassigned 8,931,762 - (281,116) - - (1,613,841) 7,036,805
<br />Total fund balance $9,556,417 $77,356 ($281,116) $10,419,643 $4,283,196 $12,795,061 $36,850,557
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<br />Page 118 of 353
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