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Annual Financial Report 12/31/1987
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Annual Financial Report 12/31/1987
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Annual Financial Report
Date
12/31/1987
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CITY OF LINO LAKES, MINNESOTA <br />Statement 6 <br />GENERAL FUND <br />BALANCE SHEET <br />December 31, 1987 <br />December 31, <br />Assets 1987 1986 <br />Cash and investments $490,160 $387,677 <br />Accounts receivable 5,249 2,706 <br />Due from other governmental units 21,197 4,801 <br />Taxes receivable: <br />Delinquent 26,681 91,942 <br />Due from county 115,240 120,991 <br />Assessments receivable: <br />Delinquent 329 <br />Prepaid expenses 52,593 53,714 <br />Total assets $711,449 $661,831 <br />Liabilities and Fund Balance <br />Liabilities: <br />Accounts payable $23,939 $19,977 <br />Salaries payable 2,829 1,723 <br />Customer deposits 10,396 8,357 <br />Due to other govemmental units 4,883 452 <br />Deferred revenue 27,010 91,942 <br />Total liabilities 69,057 122,451 <br />Fund Balance: <br />Unreserved: <br />Designated 52,593 83,714 <br />Undesignated 589,799 455,666 <br />Total fund balance 642,392 539,380 <br />Total liabilities and fund balance <br />The accompanying notes are an integral part of these fmancial statements. <br />$711,449 $661,831 <br />
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