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CITY OF LINO LAKES, MINNESOTA <br />ENTERPRISE FUND <br />WATER AND SEWER FUND <br />BALANCE SHEET <br />December 31, 1984 <br />Assets <br />Statement 15 <br />December 31, <br />1984 1983 <br />Current assets: <br />Cash (overdraft) $ (15,353) $ (10,807) <br />Accounts receivable 14,314 12,239 <br />Due from County 119 <br />Due from other governmental units 5,850 4,676 <br />Prepaid expenses 795 758 <br />Inventory 719 570 .... <br />Total current assets 6,444 7,436 <br />Property, plant and equipment: <br />Well 18,500 18,500 <br />Buildings 48,690 48,690 <br />Equipment 14,821 14,821 <br />Water and sewer system 955,502 955,502 <br />Total property, plant and equipment 1,037,513 1,037,513 .... <br />Less: Allowance for depreciation (165,576) (143,734) <br />Net fixed assets 871,937 893,779 <br />Total assets <br />Liabilities and Fund Equity <br />$ 878,381 $ 901,215 <br />Liabilities: <br />Accounts payable -$ 678 $ 29 <br />Due to other governments 40 3,297 <br />Customer deposits 2,660 2,240 <br />Total liabilities 3,378 5,566 <br />Fund equity: <br />Contributions - net <br />Retained earnings <br />Total fund equity <br />Total liabilities and fund equity <br />867,718 <br />7,285 <br />875,003 <br />888,722 <br />6,927 <br />895,649 <br />$ 878,381 $ 901,215 <br />Ansi <br />The accompanying notes are an integral part of these financial statements. <br />