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CITY OF LINO LAKES, MINNESOTA <br />ENTERPRISE FUNDS <br />WATER AND SEWER FUND <br />BALANCE SHEET <br />December 31, 1987 <br />Assets <br />Current assets: <br />Accounts receivable <br />Due from other governmental units <br />Prepaid expenses <br />Inventory <br />Total current assets <br />Fixed assets: <br />Well <br />Buildings <br />Equipment <br />Water and sewer system <br />Total Fixed assets <br />Less: Allowance for depreciation <br />Net Fixed assets <br />Total assets <br />Liabilities and Fund Equity <br />Liabilities: <br />Cash overdraft <br />Accounts payable <br />Salaries payable <br />Due to other governmental units <br />Total liabilities <br />Fund equity: <br />Contributions - net <br />Retained earnings <br />Total fund equity <br />Total liabilities and fund equity <br />The accompanying notes are an integral part of these financial statements. <br />Statement 14 <br />December 31, <br />1987 1986 <br />Memorandum <br />Only <br />$23,227 $16,256 <br />14,345 8,079 <br />4,902 4,570 <br />3,245 4,216 <br />45.719 33.121 <br />18,500 <br />48,690 <br />17,421 <br />973,802 <br />1,058,413 <br />(236,217) <br />822.196 <br />$867,915 <br />$27,142 <br />6,345 <br />370 <br />1,171 <br />35,028 <br />818,429 <br />14,458 <br />832.887 <br />$867,915 <br />18,500 <br />48,690 <br />15,561 <br />973,802 <br />1,056,553 <br />(212,604) <br />843.949 <br />$877,070 <br />$14,357 <br />39 <br />138 <br />703 <br />15,237 <br />840,959 <br />20,874 <br />861.833 <br />$877,070 <br />