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C1TY OF LINO LAKES, MINNESOTA
<br />COMBINED BALANCE SHEET -
<br />ALL FUND TYPES AND ACCOUNT GROUPS
<br />December 31, 1987
<br />Governmental Fund Types
<br />Debt Capital
<br />Assets General Service Proiect
<br />Cash and investments
<br />Cash with trust agent
<br />Cash with bond purchaser
<br />Accrued interest receivable
<br />Accounts receivable
<br />Due from other governmental units
<br />Taxes receivable:
<br />Delinquent
<br />Due from County
<br />Special assessments receivable
<br />Prepaid expenses
<br />Inventory
<br />Fixed assets (net of accumulated depreciation)
<br />Amount available in Debt Service Fund
<br />Amount to be provided for retirement of GLTD
<br />$490,160
<br />$777,329 $1,319,301
<br />5,249 8,826
<br />21,197 156,175
<br />26,681 982 332
<br />115,240 5,064 67
<br />329 1,997,889 94,317
<br />52,593
<br />Total Assets $711,449 $2,781,264 $1,579,018
<br />Liabilities and Fund Equity
<br />Liabilities:
<br />Cash overdraft
<br />Accounts payable $23,939
<br />Salaries payable 2,829
<br />Contracts payable
<br />Assessments payable on City property
<br />Deposits payable 10,396
<br />Due to other governmental units 4,883
<br />Deferred revenue 27,010 $1,993,021
<br />Bonds payable
<br />Deferred compensation payable
<br />Total liabilities 69,057 1,993,021
<br />$252,846
<br />38,314
<br />135,211
<br />84,350
<br />99,709
<br />610,430
<br />Fund Equity:
<br />Contributions from property owners
<br />Invested in general fixed assets
<br />Retained earnings
<br />Fund balance (deficit):
<br />Reserved 788,243
<br />Unreserved:
<br />Designated 52,593 1,150,829
<br />Undesignated 589,799 (182,241)
<br />Total fund equity 642,392 788,243 968,588
<br />Total liabilities and fund equity $711,449 $2,781,264 $1,579,018
<br />The accompanying notes are an integral part of these fmancial statements.
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