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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />December 31, 2003
<br />G.O. Taxable Area and
<br />Improvement Dedicated Unit
<br />Assets General Bonds 2002B Parks Charge
<br />Cash and investments $ 4,517,288 $ 519,290 $ 246,279 $ 322,850
<br />Cash and investments with escrow agent - -
<br />Accrued interest receivable 70,124
<br />Accounts receivable 101,772 - 16,958
<br />Due from other governmental units 128,065 12,500
<br />Interfund receivable - - 6,541,232
<br />Taxes receivable:
<br />Delinquent 89,390
<br />Due from County 428,928
<br />Delinquent tax increment
<br />Special assessments receivable:
<br />Delinquent 37,169 6,064
<br />Deferred 1,552,881 684,515
<br />Due from County - 2,505 18,994
<br />Prepaid items 133,921 -
<br />Advances to Other Funds - 957,112
<br />Land held for resale
<br />Total assets $ 5,469,488 $ 2,111,845 $ 258,779 $ 8,547,725
<br />Liabilities and equity
<br />Liabilities:
<br />Interfund payable $ 70,124 $ $ $
<br />Accounts payable 188,095 892 45,581
<br />Salaries payable 209,218
<br />Other Accrued Liabilities 796
<br />Retainage payable 23,005
<br />Due to other governmental units 1,975 -
<br />Advances from Other Funds 957,112 -
<br />Deferred revenue 89,390 1,590,050 - 690,579
<br />Total liabilities 559,598 1,590,050 958,004 759,165
<br />Fund Balances:
<br />Reserved
<br />Reserved for Prepaid Items 133,921 -
<br />Reserved for Debt Retirement 521,795 -
<br />Reserved for Advances to Funds - 957,112
<br />Reserved for land held for resale -
<br />Unreserved:
<br />Designated
<br />Designated for cash flow reserve 4,775,969
<br />Recreation Programs -
<br />Capital improvements - 6,831,448
<br />Undesignated Reported in:
<br />Debt Service Funds
<br />Capital Projects Funds (699,225)
<br />Total equity and other credits 4,909,890 521,795 (699,225) 7,788,560
<br />Total liabilities and equity $ 5,469,488 $ 2,111,845 $ 258,779 $ 8,547,725
<br />The accompanying notes are an integral part of these basic financial statements.
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