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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 />CAPITAL PROJECT FUNDS <br />COMBINING BALANCE SHEET <br />December 31, 1987 <br />Comprehensive Reshanau Ash Street <br />Area Wide Lake East Otter <br />Water Estates South D. Erickson's Extension Bay <br />Assets <br />Cash and investments $294,345 $109,206 $69,361 <br />Cash held with bond purchaser <br />Accounts receivable <br />Taxes receivable: <br />Delinquent <br />Due from County <br />Special assessments receivable: <br />Deferred <br />Due from other governmental units <br />Total assets <br />Liabilities and <br />Fund Balance <br />$294,345 $109,206 $69,361 $0 $0 <br />Liabilities: <br />Cash overdraft $3,289 $1,491 <br />Accounts payable $10,962 $3,409 $3,860 317 <br />Contracts payable 41,359 17,149 14,255 <br />Due to other governmental units 281 421 <br />Deferred revenue <br />Total liabilities 52,321 20,839 18,536 3,289 1,808 <br />Fund balance (deficit): <br />Unreserved: <br />Designated: <br />Committed contracts 1,751 1,456 <br />Capital improvements 242,024 86,616 49,369 <br />Equipment acquisition <br />Park improvements <br />Undesignated (3,289) (1,808) <br />Total fund balance 242,024 88,367 50,825 (3,289) (1,808) <br />Total liabilities and fund balance <br />$294,345 $109,206 $69,361 $0 $0 <br />The accompanying notes are an integral part of these fmancial statements. <br />
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