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MEP
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<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2001
<br />Note 2 DEPOSITS AND INVESTMENTS (CONTINUED)
<br />• The City's investments are categorized above to give an indication of the level of custodial credit risk
<br />assumed at year -end. Category 1 includes investments that are insured or registered or for which the
<br />securities are held by the City or its agent in the City's name. Category 2 includes uninsured or
<br />unregistered investments for which the securities are held by the counterparty's trust department or
<br />agent in the City's name. Category 3 includes uninsured and unregistered investments for which the
<br />securities are held by the counterparty or by its trust department or agent but not in the City's name.
<br />Cash and investments with escrow agent consist of undisbursed proceeds of the Public Project Bonds
<br />of 1999C and the Lease Revenue Bonds of 1998 which are restricted for the payment of debt associated
<br />with the City's fire station and the payment for construction and capitalized interest costs of the Civic
<br />Complex, respectively.
<br />Note 3 FIXED ASSETS
<br />A summary of changes in general fixed assets is as follows:
<br />Land and Improvements
<br />Buildings
<br />Equipment and Furniture
<br />Other
<br />Vehicles
<br />Machinery/Shop Equipment
<br />Balance
<br />1 /1 /01
<br />$ 3,040,837
<br />6,423,900
<br />941,238
<br />718,370
<br />1,080,445
<br />575,840
<br />Additions
<br />Balance
<br />Deletions 12/31/01
<br />$ 65,252 $
<br />22,505
<br />107,478
<br />2,509
<br />251,970
<br />3,296
<br />$ 3,106,089
<br />6,446,405
<br />2,527 1,046,189
<br />720,879
<br />115,201 1,217,214
<br />2,000 577,136
<br />$ 12,780,630 $ 453,010 $
<br />A summary of Proprietary Fund fixed assets at December 31, 2001 is as follows:
<br />Building and Structures
<br />Machinery and Equipment
<br />Water and Sewer Lines
<br />Total
<br />Less: Accumulated Depreciation
<br />Net Fixed Assets
<br />Water
<br />119,728 $ 13,113,912
<br />Sewer Total
<br />$ 48,690 $
<br />122,020
<br />14,546,924
<br />14,717,634
<br />(1,954,956)
<br />165,530
<br />16,420,864
<br />16,586,394
<br />(2,354,747)
<br />$ 12,762,678 $ 14,231,647
<br />29
<br />$ 48,690
<br />287,550
<br />30,967,788
<br />31,304,028
<br />(4,309,703)
<br />$ 26,994,325
<br />
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