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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 1993
<br />With Comparative Totals For December 31,1992
<br />Statement 14
<br />Assets
<br />Gas Totals
<br />Water Sewer Utility 1993 1992
<br />Current assets:
<br />Restricted investments $40,273 $40,273 $102,675
<br />Cash and cash equivalents 74,499 $6,919 81,418 2,818
<br />Accounts receivable 89,179 103,092 192,271 146,517
<br />Due from other governmental units 145 3,980 4,125 13,594
<br />Prepaid items 1,412 20,252 21,664 14,406
<br />Total current assets 205,508 134,243 $0 339,751 280,010
<br />Fixed assets:
<br />Well 18,500 18,500 18,500
<br />Buildings 48,690 48,690 48,690
<br />Equipment 24,462 23,076 47,538 47,538 "'
<br />Water and sewer system 5,943,951 8,110,130 14,054,081 6,949,185
<br />Total fixed assets 6,035,603 8,133,206 14,168,809 7,063,913
<br />Less: Allowance for depreciation (394,088) (533,203) (927,291) (674,470)
<br />Subtotal 5,641,515 7,600,003 0 13,241,518 6,389,443
<br />Acquisition costs - gas utility 2,375 2,375 2,375
<br />Construction in progress 0 989,804
<br />Net fixed assets 5,641,515 7,600,003 2,375 13,243,893 7,381,622
<br />mat
<br />Total assets $5,847,023 $7,734,246 $2,375 $13,583,644 $7,661,632
<br />Liabilities and Fund Equity
<br />Current Liabilities:
<br />Cash overdraft $2,424 $2,424 $2,424
<br />Accounts payable $4,255 $3,306 7,561 9,495
<br />Salaries payable 521 472 993 710
<br />Contracts payable 0 43,190
<br />Due to other governmental units 3,437 31,040 34,477 23,730
<br />Accrued interest payable 27,735 27,735 41,732
<br />Total current liabilities 35,948 34,818 2,424 73,190 121,281
<br />Long Term Liabilities:
<br />Bonds payable - long term 1,060,000 1,060,000 1,060,000
<br />Total liabilities 1,095,948 34,818 2,424 1,133,190 1,181,281
<br />Fund equity:
<br />Contributions - net 4,632,448 7,595,706 12,228,154 6,384,363
<br />Retained earnings (deficit) 118,627 103,722 (49) 222,300 95,988
<br />Total fund equity 4,751,075 7,699,428 (49) 12,450,454 6,480,351
<br />AMMO
<br />r
<br />AMOR
<br />Total liabilities and fund equity $5,847,023 $7,734,206 $2,375 $13,583,644 $7,661,632
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