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Annual Financial Report 12/31/1986
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Annual Financial Report 12/31/1986
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Annual Financial Report
Date
12/31/1986
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CITY OF LINO LAKES, MINNESOTA <br />GENERAL FUND <br />BALANCE SHEET <br />December 31, 1986 <br />Assets <br />Statement 6 <br />December 31, <br />1986 1985 <br />Cash and investments $ 389,938 $ 383,291 <br />Accounts receivable 2,706 3,057 <br />Taxes receivable: <br />Delinquent 136,942 94,400 <br />Due from County 120,991 7,009 <br />Allowances and deferments (136,942) (94,400) <br />Due from other governmental units 4,801 16,797 <br />Prepaid expenses 53,714 47,624 <br />Total assets <br />Liabilities and Fund Balance <br />$ 572,150 $ 457,778 <br />Liabilities: <br />Accounts payable $ 19,977 $ 10,282 <br />Salaries payable 1,723 1,574 <br />Due to other governments 452 14,708 <br />Customer deposits 8,357 2,915 <br />Total liabilities 30,509 29,479 <br />Fund Balance: <br />Unreserved: <br />Designated <br />Undesignated <br />Total fund balance <br />Total liabilities and fund balance <br />83,714 <br />457,927 <br />541,641 <br />77,624 <br />350,675 <br />428,299 <br />$ 572,150 $ 457,778 <br />The accompanying notes are an integral part of these financial statements. <br />
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