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Audit Report 12/31/1981
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Audit Report 12/31/1981
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4/4/2014 1:22:49 PM
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Annual Financial Reports
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Audit Report 12/31/1981
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12/31/1981
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CITY OF LINO LAKES <br />GENERAL FUND <br />BALANCE SHEET <br />As of December 31, 1981 and 1980 <br />1981 1980 <br />ASSETS <br />Cash and temporary investments $(83,664) $ (7,007) <br />Accounts receivable 15,096 7,747 <br />Accrued interest receivable 127 <br />Taxes receivable - delinquent 39,548 23,799 <br />Special assessments - delinquent 27,938 <br />Less estimated uncollectible assessments (27,938) <br />Due from other governmental units 110,156 475 <br />Prepaid expenses 18,272 17,218 <br />Total Assets $ 99,535 $ 42,232 <br />LIABILITIES AND FUND BALANCE <br />Liabilities: <br />Accounts payable <br />Customer deposits <br />Total Liabilities <br />Fund Balance: <br />Reserved for street improvements <br />Unreserved - undesignated <br />Total Fund Balance <br />$ 9,002 $ 17,397 <br />1,000 2,000 <br />10,002 19,397 <br />1,604 <br />1,548 <br />87,929 21,287 <br />89,533 22,835 <br />Total Liabilities and Fund Balance $ 99,535 $ 42,232 <br />
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