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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
<br />December 31, 2006
<br />Statement 7
<br />Assets
<br />Current assets:
<br />Cash and cash equivalents
<br />Accounts receivable
<br />Prepaid items
<br />Unamortized bond issue costs
<br />Total current assets
<br />Non - current assets:
<br />Special assessments, long term
<br />Capital assets:
<br />Buildings
<br />Equipment
<br />Water and sewer systems
<br />Total capital assets
<br />Less: allowance for depreciation
<br />Net capital assets
<br />Total noncurrent assets
<br />Total assets
<br />Liabilities
<br />Current liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Other accrued liabilities
<br />Accrued interest payable
<br />Bonds payable - current portion
<br />Compensated absences payable - current portion
<br />Total current liabilities
<br />Non - current liabilities:
<br />Bonds payable - long term
<br />Compensated absences payable - long term
<br />Total noncurrent liabilities
<br />Total liabilities
<br />Net assets
<br />Invested in capital assets, net of related debt
<br />Unrestricted
<br />Total net assets
<br />The accompanying notes are an integral part of these basic financial statements.
<br />30
<br />Water
<br />$ 4,113,623
<br />143,482
<br />5,361
<br />20,967
<br />4,283,433
<br />130,705
<br />48,690
<br />108,296
<br />18,189,822
<br />18,346,808
<br />(3,553,327)
<br />14,793,481
<br />14,924,186
<br />19,207,619
<br />Sewer
<br />$ 4,115,128
<br />192,568
<br />50,941
<br />4,358,637
<br />210,570
<br />20,783,469
<br />20,994,039
<br />(4,196,150)
<br />16,797,889
<br />16,797,889
<br />21,156,526
<br />$ 19,859 $
<br />2,040
<br />12,988
<br />58,510
<br />2,015,000
<br />10,413
<br />2,118,810
<br />1,851,125
<br />5,108
<br />1,856,233
<br />3,975,043
<br />Totals
<br />2006
<br />$ 8,228,751
<br />336,050
<br />56,302
<br />20,967
<br />8,642,070
<br />130,705
<br />48,690
<br />318,866
<br />38,973,291
<br />39,340,847
<br />(7,749,477)
<br />31,591,370
<br />31,722,075
<br />40,364,145
<br />5,212 $ 25,071
<br />1,880 3,920
<br />12,988
<br />58,510
<br />2,015,000
<br />20,826
<br />2,136,315
<br />10,413
<br />17,505
<br />5,108
<br />5,108
<br />22,613
<br />12,688,053 16,797,889
<br />2,544,523 4,336,024
<br />$ 15,232,576 $ 21,133,913
<br />1,851,125
<br />10,216
<br />1,861,341
<br />3,997,656
<br />29,485,942
<br />6,880,547
<br />$ 36,366,489
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