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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />WATER AND SEWER FUND
<br />BALANCE SHEET
<br />December 31, 1989
<br />Assets
<br />Current assets:
<br />Cash and investments
<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 />Statement 12
<br />December 31,
<br />1989 1988
<br />(Memorandum
<br />Only)
<br />$18,909
<br />55,648
<br />12,223
<br />1,792
<br />5,903
<br />94,475
<br />$37,746
<br />12,827
<br />5,760
<br />2,737
<br />59,070
<br />18,500 18,500
<br />48,690 48,690
<br />19,730 17,421
<br />3,471,830 3,197305
<br />3,558,750 3,281,916
<br />(327329) (259560)
<br />3,231,421 3,022356
<br />$3,325,896 $3,081,426
<br />$10,124
<br />298
<br />769
<br />11,191
<br />3,226,925
<br />87,780
<br />3,314,705
<br />$6,726
<br />3,251
<br />87
<br />4.106
<br />14.170
<br />3,019,402
<br />47.854
<br />3.067.256
<br />$3,325,896 $3,081,426
<br />The accompanying notes are an integral part of these financial statements.
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