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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1994
<br />Note 10 SEGMENT INFORMATION
<br />The City maintains an Enterprise Fund which provides water and sanitary sewer services. Segment information
<br />for the year ended December 31, 1994 is as follows:
<br />Operating revenue
<br />Depreciation expense
<br />Operating income (loss)
<br />Property, plant
<br />and equipment additions
<br />Net income (loss)
<br />Area and unit charges
<br />Operating transfer in
<br />Operating transfer out
<br />Net property, plant
<br />and equipment
<br />Net working capital
<br />Total assets
<br />Bonds payable
<br />Total equity
<br />Capital contributions
<br />Total
<br />Water Sewer Water
<br />Utility Utility and Sewer
<br />$295,006
<br />122,976
<br />22,266
<br />809
<br />147,544
<br />183,667
<br />91,548
<br />(183,667)
<br />5,519,348
<br />322,152
<br />5,878,367
<br />1,035,000
<br />4,806,500
<br />Gas
<br />Utility
<br />Totals
<br />1994 1993
<br />$366,843 $661,849 $ $661,849 $529,698
<br />164,122 287,098 287,098 252,823
<br />(110,696) (88,430) (88,430) (157,590)
<br />808 1,617
<br />(93,713) 53,831
<br />183,667
<br />91,548
<br />(183,667)
<br />7,436,689
<br />169,008
<br />7,638,352
<br />7,605,697
<br />Note 11 TAX INCREMENT DISTRICTS
<br />12,956,037
<br />491,160
<br />13,516,719
<br />1,035,000
<br />12,412,197
<br />1,617 6,115,093
<br />53,831 (86,842)
<br />183,667 132,175
<br />91,548 93,238
<br />(183,667) (132,175)
<br />2,375 12,958,412 13,243,893
<br />(2,424) 488,736 266,561
<br />2,375 13,519,094 13,583,644
<br />1,035,000 1,060,000
<br />(49) 12,412,148 12,450,454
<br />6,095,883
<br />The City of Lino Lakes is the administrating authority for Economic Development District #1 established under
<br />MS 273.71 in 1987. As of December 31, 1994 the City has not issued Tax Increment bonds for any of its Tax
<br />Increment Districts. Within the Economic Development District are the following Tax Increment Financing
<br />Districts.
<br />Housing District #1 -1 was established under MS 273.73 subd. 11 in 1987. The duration of the district is 25
<br />years.
<br />Current tax capacity
<br />Original tax capacity
<br />Captured tax capacity
<br />Retained by authority
<br />Shared with other taxing districts
<br />Pior year adjustment
<br />Total
<br />w
<br />$151,915
<br />2,689
<br />$149,226
<br />$149,226
<br />(797)
<br />$148,429
<br />35
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