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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1996
<br />Note 3 FIXED ASSETS
<br />A summary of changes in general fixed assets is as follows:
<br />Balance Balance
<br />1/1/96 Additions Deletions 12/31/96
<br />Land and improvements $649,600 $ - $ - $649,600
<br />Buildings and structures 1,539,500 - - 1,539,500
<br />Equipment and furniture 840,325 127,916 39,446 928,795
<br />Machinery and vehicles 763,654 92,648 37,941 818,361
<br />Other improvements 174,313 16,384 800 189,897
<br />Totals $3,967,392 $236,948 $78,187 $4,126,153
<br />A summary of Proprietary Fund fixed assets at December 31, 1996 is as follows:
<br />Gas
<br />Water Sewer Utility Total
<br />Buildings and structures $48,690 $ - $ - $48,690
<br />Machinery and equipment 62,482 50,958 113,440
<br />Water and sewer lines 7,702,000 9,771,617 - 17,473,617
<br />Construction in progress 2,755,152 2,755,152
<br />Acquisition costs - gas utility - 2,375 2,375
<br />Total 10,568,324 9,822,575 2,375 20,393,274
<br />Less: Accumulated depreciation (786,378) (1,061,901) (1,848,279)
<br />Net Fixed Assets $9,781,946 $8,760,674 $2,375 $18,544,995
<br />WWII
<br />OMNI
<br />UMW
<br />WIWI
<br />41
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