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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 1991
<br />Statement 14
<br />Assets
<br />Gas December 31,
<br />Water and Sewer Utility 1991 1990
<br />Current assets:
<br />Cash and cash equivalents $0 $0 $0 $0
<br />Accounts receivable 100,470 100,470 76,588
<br />Due from other governmental units 14,991 14,991 10,958
<br />Prepaid items 2,194 2,194 8,324
<br />Inventory 5,642 5,642 2,345
<br />Total current assets 123,297 0 123,297 98,215
<br />Fixed assets:
<br />Well 18,500 18,500 18,500
<br />Buildings 48,690 48,690 48,690
<br />Equipment 47,535 47,535 23,406
<br />Water and sewer system 6,224,189 6,224,189 6,224,189
<br />Total fixed assets 6,338,914 0 6,338,914 6,314,785
<br />Less: Allowance for depreciation (529,126) (529,126) (400,580)
<br />Subtotal 5,809,788 0 5,809,788 5,914,205
<br />Acquisition costs - gas utility 2,375 2,375 2,375
<br />Construction in progress 148,336 148,336
<br />Net fixed assets 5,958,124 2,375 5,960,499 5,916,580
<br />Total assets $6,081,421 $2,375 $6,083,796 $6,014,795
<br />Liabilities and Fund Equity
<br />Liabilities:
<br />Cash overdraft $191,263 $2,424 $193,687 $32,410
<br />Accounts payable 18,193 18,193 18,994
<br />Salaries payable 833 833 617
<br />Contracts Payable 5,090 5,090
<br />Due to other governmental units 17,749 17,749 2,529
<br />Total liabilities 233,128 2,424 235,552 54,550
<br />Fund equity:
<br />Contributions - net 5,803,635 5,803,635 5,906,860
<br />Retained earnings (deficit) 44,658 (49) 44,609 53,385
<br />Total fund equity 5,848,293 (49) 5,848,244 5,960,245
<br />Total liabilities and fund equity $6,081,421 $2,375 $6,083,796 $6,014,795
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