|
CITY OF LINO LAKES, MINNESOTA
<br />GENERAL FUND
<br />BALANCE SHEET
<br />December 31, 1996
<br />With Comparative Amounts At December 31, 1995
<br />Statement 6
<br />1996 1995
<br />Assets
<br />Cash and investments $2,671,992 $1,937,813
<br />Accounts receivable 46,272 53,152
<br />Due from other governmental units 85,465 74,258
<br />Taxes receivable:
<br />— Delinquent 19,803 19,420
<br />Due from County 17,837 17,883
<br />Prepaid items 110,077 123,673
<br />Total assets $2,951,446 $2,226,199
<br />Liabilities and Fund Balance
<br />Liabilities:
<br />Accounts payable $135,745 $70,780
<br />Salaries payable 56,520 18,081
<br />Due to other governmental units 8,069 31,686
<br />Deferred revenue 28,087 19,421
<br />Total liabilities 228,421 139,968
<br />Fund balance:
<br />Reserved for prepaid items 110,077 123,673
<br />Unreserved:
<br />Designated for general contingencies 684,647 542,055
<br />Designated for cash flow reserve 1,596,195 1,420,503
<br />Designated for employee benefits 332,106 -
<br />Total fund balance 2,723,025 2,086,231
<br />Total liabilities and fund balance $2,951,446 $2,226,199
<br />Nor
<br />WNW
<br />55
<br />
|