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CITY OF LINO LAKES, MINNESOTA 1
<br />COMBINED BALANCE SHEET -
<br />ALL FUND TYPES AND ACCOUNT GROUPS I
<br />December 31, 1988
<br />Governmental Fund Types I
<br />Debt Capital
<br />Assets General Service Project
<br />Cash and investments $858,505 $996,039 $1,381,380
<br />Cash with escrow agent
<br />Accrued interest receivable I
<br />Accounts receivable 4,433 5,060
<br />Due from other governmental units 5,353 11,612
<br />Taxes receivable: I
<br />Delinquent 37,996 3,209 183
<br />Due from County 26,156 1,652
<br />Special assessments receivable 125 1,970,983 101,829
<br />Prepaid expenses 56,626 I
<br />Inventory
<br />Fixed assets (net of accumulated depreciation)
<br />Amount available in Debt Service Fund I
<br />Amount to be provided for retirement of GLTD
<br />Total Assets $989,194 $2,970,231 $1,501,716 I
<br />Liabilities and Fund Equity
<br />Liabilities: I
<br />Cash overdraft $220,456 $172,504
<br />Accounts payable $82,573 49,318
<br />Salaries payable 2,824 I
<br />Contracts payable 40,262
<br />Assessments payable on City property
<br />Deposits payable 11,198
<br />Due to other governmental units 10,016 24,403 I
<br />Deferred revenue 38,121 $1,924,540 107,072
<br />Bonds payable
<br />Deferred compensation payable I
<br />Total liabilities 144,732 2,144,996 393,559
<br />Fund Equity: I
<br />Contributions from property owners
<br />Invested in general fixed assets
<br />Retained earnings I
<br />Fund balance (deficit):
<br />Reserved 978,210
<br />Unreserved:
<br />Designated 96,626 1,304,697 I
<br />Undesignated 747,836 (152,975) (196,540)
<br />Total fund equity 844,462 825,235 1,108,157
<br />Total liabilities and fund equity $989,194 $2,970,231 $1,501,716 I
<br />1
<br />The accompanying notes are an integral part of these financial statements.
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