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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 1995
<br />With Comparative Totals For December 31, 1994
<br />Statement 14
<br />Assets
<br />Gas Totals
<br />Water Sewer Utility 1995 1994
<br />Current assets:
<br />Cash and cash equivalents $389,764 $164,776 $ $554,540 $297,189
<br />Accounts receivable 134,121 119,438 253,559 227,466
<br />Due from other governmental units 289 289 578 12,699
<br />Prepaid items 3,270 25,567 28,837 23,328
<br />Total current assets 527,444 310,070 0 837,514 560,682
<br />Fixed assets:
<br />Buildings 48,690 48,690 48,690
<br />Equipment 47,605 41,176 88,781 49,155
<br />Water and sewer system 6,759,351 9,140,730 15,900,081 14,072,581
<br />Total fixed assets 6,855,646 9,181,906 0 16,037,552 14,170,426
<br />Less: Allowance for depreciation (644,917) (873,947) (1,518,864) (1,214,389)
<br />Subtotal 6,210,729 8,307,959 0 14,518,688 12,956,037
<br />Acquisition costs - gas utility 2,375 2,375 2,375
<br />Net fixed assets 6,210,729 8,307,959 2,375 14,521,063 12,958,412
<br />Total assets
<br />Liabilities and Fund Equity
<br />$6,738,173 $8,618,029 $2,375 $15,358,577 $13,519,094
<br />Current liabilities:
<br />Interfund payable $ - $ - $2,424 $2,424 $2,424
<br />Accounts payable 9,817 1,639 - 11,456 6,334
<br />Salaries payable 919 886 1,805 1,420
<br />Accrued interest payable 26,420 26,420 27,268
<br />Due to other governmental units 4,138 13,479 17,617 34,500
<br />Bonds payable - current portion 50,000 50,000 40,000
<br />Total current liabilities 91,294 16,004 2,424 109,722 111,946
<br />Long -term liabilities:
<br />Bonds payable - long term 945,000 945,000 995,000
<br />Compensated absences - payable 6,428 3,151 9,579 -
<br />Total liabilities 1,042,722 19,155 2,424 1,064,301 1,106,946
<br />Fund equity:
<br />Contributed capital 5,220,943 8,287,068 - 13,508,011 11,961,967
<br />Retained earnings (deficit) 474,508 311,806 (49) 786,265 450,181
<br />Total fund equity 5,695,451 8,598,874 (49) 14,294,276 12,412,148
<br />80
<br />Total liabilities and fund equity $6,738,173 $8,618,029 $2,375 $15,358,577 $13,519,094
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