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IMMO
<br />VEIN
<br />City of Lino Lakes, Minnesota
<br />Management Report, Page 2
<br />ACCOUNT BALANCE ANALYSIS OF THE
<br />COMBINED FINANCIAL STATEMENTS
<br />The combined financial statements of the City of Lino Lakes are presented in Statements 1
<br />through 5 of the 1996 Annual Financial Report. The following comments relate to the Combined
<br />Balance Sheet - All Funds (Statement 1).
<br />Cash and Investments
<br />Cash and investments were as follows at December 31, 1995 and 1996:
<br />Description
<br />Treasurer's balance - checking
<br />Petty cash
<br />Investments:
<br />Certificates of deposit
<br />Commercial paper
<br />FNMA notes and mortgage backed securities
<br />Mutual funds
<br />Federal Farm Credit Bank
<br />Federal Home Loan Mortgage Corp.
<br />notes and mortgage backed securities
<br />Treasury notes and certificates of accrual
<br />Federal Home Loan Bank notes
<br />Student Loan Marketing Association notes
<br />Municipal bond
<br />Certificate of Indebtedness
<br />Totals
<br />December 31,
<br />1995 1996
<br />$367,694 $460,307
<br />400 400
<br />482,160
<br />1,755,923
<br />2,299,797
<br />1,589,870
<br />200,000
<br />1,934,427
<br />1,678,121
<br />500,000
<br />100,000
<br />251,000
<br />710,515
<br />5,137,749
<br />2,866,761
<br />1,364,249
<br />2,547,642
<br />1,772,977
<br />Increase
<br />(Decrease)
<br />$92,613
<br />228,355
<br />3,381,826
<br />566,964
<br />(225,621)
<br />(200,000)
<br />613,215
<br />94,856
<br />(500,000)
<br />(100,000)
<br />300,000 300,000
<br />313,000 62,000
<br />$11,159,392 $15,473,600 $4,314,208
<br />Interest on investments totaled $584,838 in 1996 and $575,116 in 1995. The above
<br />investments are in compliance with State statutes and the City's investment policy.
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