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EXHIBIT C
<br />CITY OF LINO LAKES
<br />Anoka County, Minnesota
<br />COMBINED' COMPARATIVE'' BALANCE' SHEET
<br />December- -31, 1974 and 1973
<br />As of
<br />ASSETS 12/31/74
<br />Current Assets:
<br />Cash on Hand and.in Bank $ 71,504.25
<br />U. S. Government Securities 29,025.57
<br />Taxes Receivable 254,660.44
<br />Special: Assessments Receivable 101,037.49
<br />Total Current Assets $ 456,227.75
<br />Fixed Assets:
<br />Land $ 30,168.91
<br />Buildings 121,166.15
<br />Equipment 87,058.34
<br />Water and Sewer Systems 430,306.08
<br />Total Fixed Assets $ 668,699.48
<br />Deferred Assets:
<br />Amount.to be Provided for Retirement of
<br />Bonds $ 2501000.00
<br />TOTAL ASSETS $1,374,927.23
<br />LIABILITIES AND SURPLUS
<br />Current Liabilities:
<br />Contracts Payable $
<br />Bonds Payable -Due Within One Year
<br />Interest Payable -Due Within One Year
<br />Total Current Liabilities
<br />Non - Current Liabilities:
<br />Bonds Payable $ 260,000.00
<br />Less Current Maturity 10,000.00
<br />Net Non - Current Liabilities $ 250,000.00
<br />Deferred Revenue:
<br />Unrealized Revenue on Cash Basis:
<br />Receivables $ 355,697.93
<br />Less Liabilities 23,807.50
<br />Net Deferred Revenue $ 331,890.43
<br />Surplus:
<br />Contributed- Customers $ 430,306.08
<br />Investment in Fixed Assets 238,393.40
<br />Fund Balances 100,529.82
<br />Total Surplus $ 769,229.30
<br />10,000.00
<br />13,807.50
<br />23,807.50
<br />TOTAL LIABILITIES AND SURPLUS $1,374,927.23
<br />As of. Increase
<br />12/31/73 (Decrease)
<br />$ 228,334.29
<br />94,598.25
<br />208,374.02
<br />124,354.00
<br />$ 655,660.56
<br />$ 30,168.91
<br />121,166.15
<br />68,439.84
<br />441,786.08
<br />$ 661,560.98
<br />$(156,830.04)
<br />(65,572.68)
<br />46,286.42
<br />(231_316.51)
<br />$(199,432,81)
<br />18,618.50
<br />(11,480.00)
<br />$ 7,138.50
<br />$ 340,000.00 $ (90,000.00)
<br />$1,657,221.54 $(282,294.31)
<br />$ 2,750.00 $ (2,750.00)
<br />560,000.00 (550,000.00)
<br />25,507.50 (11,700.00)
<br />$ 588,257.50 $(564,450.00)
<br />$ 640,000.00 $(380,000.00)
<br />560,000.00 (550,000.00)
<br />$ 80,000.00 $ 170,000.00
<br />$ 592,728.02 $(237,030.09)
<br />588,257.50 (564,450.00)
<br />$ 4,470.52 $ 327,419.91
<br />$ 441,786.08 $ (11,480.00)
<br />219,774.90 18,618.50
<br />322,932.54 (222,402.72)
<br />$ 984,493.52 $(215,264.22)
<br />$1,657,221.54 $(282,294.31)
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