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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2000
<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, the G.O. Improvement Refunding Bonds of 1999A, the G.O. Water Revenue Refunding
<br />bonds of 1999B and the Lease Revenue Bonds of 1998 which are restricted for the payment of debt
<br />associated with the City's fire station and the payment for construction and capitalized interest costs of
<br />the Civic Complex, respectively.
<br />Note 3 FIXED ASSETS
<br />A summary of changes in general fixed assets is as follows:
<br />Balance
<br />Balance
<br />1 /1 /00 Additions Deletions 12/31/00
<br />Land and Improvements $ 2,208,755 $ 832,082 $ $ 3,040,837
<br />Buildings 6,418,767 5,133 6,423,900
<br />Equipment and Furniture 789,751 159,534 8,047 941,238
<br />Other 704,037 14,333 - 718,370
<br />Vehicles 1,019,332 113,420 52,307 1,080,445
<br />Machinery/Shop Equipment 549,976 138,320 112,456 575,840
<br />11,690,618 $ 1,262,822 $ 172,810 $ 12,780,630
<br />A summary of Proprietary Fund fixed assets at December 31, 2000 is as follows:
<br />Water
<br />Sewer
<br />Total
<br />Building and Structures $ 48,690 $ $ 48,690
<br />Machinery and Equipment 119,946 163,456 283,402
<br />Water and Sewer Lines 14,137,319 15,938,234 30,075,553
<br />Total 14,305,955 16,101,690 30,407,645
<br />Less: Accumulated Depreciation (1,659,250) (2,017,890) (3,677,140)
<br />Net Fixed Assets $ 12,646,705 $ 14,083,800 $ 26,730,505
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