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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 1994
<br />With Comparative Totals For December 31, 1993
<br />Statement 14
<br />Assets
<br />Gas Totals
<br />Water Sewer Utility 1994 1993
<br />Current assets:
<br />Restricted investments $ - $ - $ $ - $40,273
<br />Cash and cash equivalents 236,188 61,001 297,189 81,418
<br />Accounts receivable 122,022 105,444 - 227,466 192,271
<br />Due from other governmental units - 12,699 12,699 4,125
<br />Prepaid items 809 22,519 23,328 21,664
<br />Total current assets 359,019 201,663 0 560,682 339,751
<br />Fixed assets:
<br />Buildings 48,690 48,690 48,690
<br />Equipment 25,271 23,884 - 49,155 47,538
<br />Water and sewer system 5,962,451 8,110,130 14,072,581 14,072,581
<br />Total fixed assets 6,036,412 8,134,014 14,170,426 14,168,809
<br />Less: Allowance for depreciation (517,064) (697,325) (1,214,389) (927,291)
<br />Subtotal 5,519,348 7,436,689 0 12,956,037 13,241,518
<br />Acquisition costs - gas utility - - 2,375 2,375 2,375
<br />Net fixed assets 5,519,348 7,436,689 2,375 12,958,412 13,243,893
<br />Total assets
<br />Liabilities and Fund Equity
<br />$5,878,367 $7,638,352 $2,375 $13,519,094 $13,583,644
<br />Current liabilities:
<br />Cash overdraft $ - $ - $2,424 $2,424 $2,424
<br />Accounts payable 5,364 970 6,334 7,561
<br />Salaries payable 836 584 - 1,420 993
<br />Due to other governmental units 3,399 31,101 - 34,500 34,477
<br />Accrued interest payable 27,268 27,268 27,735
<br />Bonds payable - current portion 40,000 40,000 25,000
<br />Total current liabilities 76,867 32,655 2,424 111,946 98,190
<br />Long -term liabilities:
<br />Bonds payable - long term 995,000 995,000 1,035,000
<br />Total liabilities 1,071,867 32,655 2,424 1,106,946 1,133,190
<br />Fund equity:
<br />Contributed capital 4,529,670 7,432,297 11,961,967 12,228,154
<br />Retained earnings (deficit) 276,830 173,400 (49) 450,181 222,300
<br />Total fund equity 4,806,500 7,605,697 (49) 12,412,148 12,450,454
<br />Total liabilities and fund equity $5,878,367 $7,638,352 $2,375 $13,519,094 $13,583,644
<br />62
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