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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS Statement 14
<br />COMBINING BALANCE SHEET
<br />December 31, 1992
<br />Assets
<br />Gas Totals
<br />Water and Sewer Utility 1992 1991
<br />Current assets:
<br />Cash and cash equivalents $2,818 $2,818 $0
<br />Restricted investments 102,675 102,675
<br />Accounts receivable 146,517 146,517 100,470
<br />Due from other governmental units 13,594 13,594 14,991
<br />Prepaid items 14,406 14,406 2,194
<br />Inventory 0 0 5,642
<br />Total current assets 280,010 $0 280,010 123,297
<br />Fixed assets:
<br />Well 18,500 18,500 18,500
<br />Buildings 48,690 48,690 48,690
<br />Equipment 47,538 47,538 47,535
<br />Water and sewer system 6,949,185 6,949,185 6,224,189
<br />Total fixed assets 7,063,913 7,063,913 6,338,914
<br />Less: Allowance for depreciation (674,470) (674,470) (529,126)
<br />Subtotal 6,389,443 0 6,389,443 5,809,788
<br />Acquisition costs - gas utility 2,375 2,375 2,375
<br />Construction in progress 989,804 989,804 148,336
<br />Net fixed assets 7,379,247 2,375 7,381,622 5,960,499
<br />Total assets $7,659,257 $2,375 $7,661,632 $6,083,796
<br />Liabilities and Fund Equity
<br />Current Liabilities:
<br />Cash overdraft $2,424 $2,424 $193,687
<br />Accounts payable $9,495 9,495 18,193
<br />Salaries payable 710 710 833
<br />Contracts payable 43,190 43,190 5,090
<br />Due to other governmental units 23,730 23,730 17,749
<br />Accrued interest payable 41,732 41,732
<br />Total current liabilities 118,857 2,424 121,281 235,552
<br />Long Term Liabilities:
<br />Bonds payable - long term 1,060,000 1,060,000
<br />Total liabilities 1,178,857 2,424 1,181,281 235,552
<br />Fund equity:
<br />Contributions - net 6,384,363 6,384,363 5,803,635
<br />Retained earnings (deficit) 96,037 (49) 95,988 44,609
<br />Total fund equity 6,480,400 (49) 6,480,351 5,848,244
<br />Total liabilities and fund equity $7,659,257 $2,375 $7,661,632 $6,083,796
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