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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1993
<br />Page 10 of 19
<br />Note 3 FIXED ASSETS
<br />A summary of changes in general fixed assets is as follows:
<br />Land
<br />Buildings and structures
<br />Wells
<br />Furniture and equipment
<br />Totals
<br />Balance
<br />Balance
<br />1/1/93 Additions Deletions 12/31/93
<br />$310,010
<br />636,823
<br />6,216
<br />1,677,500
<br />$0 $2,630,549
<br />$310,010
<br />625,950 $10,873
<br />6,216
<br />1,402,275 275,225
<br />$2,344,451 4 $4
<br />•
<br />A summary of Proprietary Fund fixed assets at December 31,1993 is as follows:
<br />Gas
<br />Sewer Water Utility Total
<br />Well $18,500 $18,500
<br />Buildings and Structures 48,690 48,690
<br />Machinery and Equipment $23,076 24,462 47,538
<br />Water and Sewer Lines 8,110,130 5,943,951 14,054,081
<br />Acquisition costs - gas utility $2,375 2,375
<br />Total 8,133,206 6,035,603 2,375 14,171,184
<br />Less: Accumulated Depreciation (533,203) (394,088) (927,291)
<br />Net Fixed Assets
<br />Note 4 CITY INDEBTEDNESS
<br />$7 $5 $13,243,893
<br />The following is a schedule of changes in City indebtedness for the year ended December 31,1993.
<br />General Long Term Debt Account
<br />Bonded debt:
<br />General obligation
<br />Special assessment
<br />Assessment payable
<br />Capital lease payable
<br />Total general long term debt
<br />Proprietary Fund:
<br />Revenue bond
<br />Balance
<br />Balance
<br />1/1/93 Additions Deletions 12/31/'93
<br />Group:
<br />$1,553,500
<br />9,715,000
<br />10,510
<br />6,227
<br />11,285,237
<br />1.060.000
<br />$150,000 $177,500 $1,526,000
<br />1,310,000 8,405,000
<br />10,510
<br />3,806 2,421
<br />150.000 1,491,306 9,943,931
<br />1 060 000
<br />Total $12,345,237 $150,000 $1,491,306 $11,003,931
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