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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET
<br />GOVERNMENTAL FUNDS
<br />December 31, 2024
<br />202
<br />The Rookery
<br />General Fund Activity Center
<br />Assets
<br />Cash and investments $12,219,374 $221,692
<br />Accrued interest receivable 248,791 -
<br />Due from other governments 232,772 -
<br />Accounts receivable - net 61,247 10,676
<br />Prepaid items 557,155 56,350
<br />Advances to other funds - -
<br />Taxes receivable:
<br />Due from county 159,604 -
<br />Delinquent 109,829 -
<br />Special assessments receivable:
<br />Due from county - -
<br />Delinquent - -
<br />Deferred 410 -
<br />Leases receivable 417,664 -
<br />Interfund loan receivable - -
<br />Total assets $14,006,846 $288,718
<br />Liabilities, Deferred Inflows of Resources, and Fund Balances
<br />Liabilities:
<br />Accounts payable $432,182 $73,598
<br />Salaries payable 441,050 43,232
<br />Due to other governments 70,897 6,165
<br />Advances from other funds - -
<br />Retainage payable - -
<br />Unearned revenue - 88,367
<br />Deposits payable 2,978,397 -
<br />Interfund loan payable - -
<br />Total liabilities 3,922,526 211,362
<br />Deferred inflows of resources:
<br />Unavailable revenue 110,239 -
<br />Lease related 417,664 -
<br />Total deferred inflows of resources 527,903 -
<br />Fund balance:
<br />Nonspendable 557,155 56,350
<br />Restricted - -
<br />Committed 67,500 21,006
<br />Assigned - -
<br />Unassigned 8,931,762 -
<br />Total fund balance 9,556,417 77,356
<br />Total liabilities, deferred inflows of $14,006,846 $288,718
<br /> resources, and fund balance
<br />The accompanying notes are an integral part of these financial statements.
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<br />Page 72 of 353
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