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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
<br />December 31, 2004
<br />Statement 7
<br />Assets
<br />Current assets:
<br />Cash and cash equivalents
<br />Accounts receivable
<br />Special assessments receivable:
<br />Due from county
<br />Prepaid items
<br />Total current assets
<br />Non - current assets:
<br />Special assessments, long term
<br />Capital assets:
<br />Buildings
<br />Equipment
<br />Water and sewer systems
<br />Total capital assets
<br />Less: Allowance for depreciation
<br />Net capital assets
<br />Total assets
<br />Liabilities
<br />Current liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Other Accrued Liabilities
<br />Accrued interest payable
<br />Bonds payable - current portion
<br />Compensated absences payable - current portion
<br />Total current liabilities
<br />Non - current liabilities:
<br />Bonds payable - long term
<br />Compensated absences payable - long term
<br />Total liabilities
<br />Net Assets
<br />Invested in Capital Assets, Net of Related Debt
<br />Unrestricted
<br />Total Net Assets
<br />Total liabilities and fund equity
<br />The accompanying notes are an integral part of these basic financial statements.
<br />29
<br />Water
<br />$ 1,510,649
<br />126,611
<br />6,844
<br />5,438
<br />1,649,542
<br />163,103
<br />48,690
<br />107,659
<br />16,429,298
<br />16,585,647
<br />(2,867,874)
<br />13,717,773
<br />15,530,418
<br />17,764
<br />2,500
<br />4,238
<br />59,786
<br />280,000
<br />1,009
<br />365,297
<br />2,425,000
<br />19,175
<br />2,809,472
<br />11,012,773
<br />1,708,173
<br />12,720,946
<br />Sewer
<br />$ 2,917,210
<br />155,931
<br />5
<br />6,122
<br />3,079,268
<br />157,248
<br />18,947,521
<br />19,104,769
<br />(3,404,044)
<br />15,700,725
<br />18,779,993
<br />19,894
<br />2,488
<br />1,009
<br />23,391
<br />19,175
<br />42,566
<br />15,700,725
<br />3,036,702
<br />18,737,427
<br />Totals
<br />2004
<br />$ 4,427,859
<br />282,542
<br />6,849
<br />11,560
<br />4,728,810
<br />163,103
<br />48,690
<br />264,907
<br />35,376,819
<br />35,690,416
<br />(6,271,918)
<br />29,418,498
<br />34,310,411
<br />37,658
<br />4,988
<br />4,238
<br />59,786
<br />280,000
<br />2,018
<br />388,688
<br />2,425,000
<br />38,350
<br />2,852,038
<br />26,713,498
<br />4,744,875
<br />31,458,373
<br />$ 15,530,418 $ 18,779,993 $ 34,310,411
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