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CITY OF LINO LAKES, MINNESOTA <br />ENTERPRISE FUND <br />WATER AND SEWER <br />BALANCE SHEET <br />December 31, 1982 <br />Assets <br />Statement 16 <br />Totals <br />December 31, <br />1982 1981 <br />Current assets: <br />Cash (overdraft) $ (16,583) $ (1,782) <br />Accounts receivable 10,302 7,610 <br />Due from other governmental units 9,444 1,859 <br />Prepaid expenses 942 1,247 <br />Inventory 959 1,746 <br />Accrued interest 21 -Total current assets 5,064 10,701 <br />Property, plant and equipment: <br />Well 18,500 18,500 _ <br />Buildings 48,690 48,690 <br />Equipment 14,381 9,278 <br />Water and sewer system 897,497 791,545 <br />Construction in progress 24,161 <br />Total property, plant and equipment 979,068 892,174 <br />Less: Allowance for depreciation (121,892) (99,735) <br />Net fixed assets 857,176 792,439 <br />Total assets <br />Liabilities and Fund Equity <br />$ 862,240 $ 803,140 <br />Liabilities: <br />Accounts payable $ 1,472 $ 225 <br />Customer deposits 1,960 1,890 <br />Total liabilities 3,432 2,115 - <br />Fund equity: <br />Contributions - net 851,721 791,547 _ <br />Retained earnings 7,087 9,478 <br />Total fund equity 858,808 801,025 <br />Total liabilities and fund equity <br />$ 862,240 $ 803,140 <br />malt <br />The accompanying notes are an integral part of these financial statements. <br />