Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1996 <br />The City continues to carry commercial insurance for all other risks of loss, including disability and employee <br />health insurance. <br />There were no significant reductions in insurance from the previous year or settlements in excess of insurance <br />coverage for any of the past three fiscal years. <br />Note 18 FUND RECLASSIFICATION <br />During 1996 the City reclassified the Closed Bond Fund from a debt service fund to a capital project fund and <br />the Community Development Block Grant Fund from a capital project fund to a special revenue fund. The <br />1995 fund totals have been restated for these changes. <br />Note 19 COMMITTED CONTRACTS <br />At December 31, 1996, the City had the following commitments for uncompleted construction contracts: <br />Fund/Project Amount <br />Area and Unit Charge: <br />4th Avenue trunk utility $25,187 <br />Well Pumphouse #4 14,954 <br />Cedar Street lift station 72,580 <br />1996 Construction: <br />Trapper's crossing 43,852 <br />Marshan townhomes 12,607 <br />Pheasant Hills preserve 7th addition 7,657 <br />50 <br />