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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1995 <br />Note 14 DESIGNATIONS AND RESERVATIONS OF FUND EOUITY <br />At December 31, 1995 and 1994 the City had designated and reserved portions of its various fund equities <br />through legal restriction and City Council authorization. Major fund equity appropriations at December 31, <br />1995 and 1994 are shown on the various balance sheets as segregations of the fund equity. A summary of such <br />designations is as follows: <br />December 31, <br />1995 1994 <br />General Fund: <br />Reserve for prepaid items $123,673 $70,738 <br />Designated for general contingencies 542,055 540,238 <br />Designated for cash flow reserve 1,420,503 1,226,538 <br />Designated for employee benefits - 33,420 <br />Special Revenue Funds: <br />Reserve for prepaid items 470 415 <br />Designated for recreation program 12,210 7,527 <br />Debt Service Funds: <br />Reserved for debt retirement 701,502 1,635,861 <br />Capital Project Funds: <br />Reserve for prepaid items 67 75 <br />Designated for capital improvements 7,468,606 7,227,066 <br />Designated for committed contracts 268,574 164,399 <br />Designated for equipment acquisition - 42,763 <br />Designated for park improvements 249,014 283,883 <br />Totals $10,786,674 $11,232,923 <br />Note 15 SHARE IN GAS FRANCHISE PROFITS <br />The City receives a share of the gross billing for natural gas sales by a neighboring City which provides <br />service within the City of Lino Lakes. The amount reported as revenue for 1995 totaled S30,486. <br />44 <br />