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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 2000
<br />With Comparative Totals For December 31, 1999
<br />Statement 15
<br />Assets
<br />Totals
<br />Water Sewer 2000 1999
<br />Current assets:
<br />Cash and cash equivalents $ 366,689 $ 911,941 $ 1,278,630 $ 804,086
<br />Cash and investments with escrow agent 650,367 - 650,367 652,895
<br />Accrued interest receivable 12,734 - 12,734 8,321
<br />Accounts receivable 96,884 110,008 206,892 205,576
<br />Special assessments receivable:
<br />Due from county 173 173 346 1,541
<br />Prepaid items 3,663 3,008 6,671 4,750
<br />Total current assets 1,130,510 1,025,130 2,155,640 1,677,169
<br />Long term assets:
<br />Special assessments, long terra 298,990 298,990 309,865
<br />Fixed assets:
<br />Buildings 48,690 48,690 48,690
<br />Equipment 119,946 163,456 283,402 252,401
<br />Water and sewer systems 14,137,319 15,938,234 30,075,553 28,842,286
<br />Total fixed assets 14,305,955 16,101,690 30,407,645 29,143,377
<br />Less: Allowance for depreciation (1,659,250) (2,017,890) (3,677,140) (3,067,757)
<br />Net fixed assets 12,646,705 14,083,800 26,730,505 26,075,620
<br />Total assets $ 14,076,205 $ 15,108,930 $ 29,185,135 $ 28,062,654
<br />Liabilities and Fund Equity
<br />Current liabilities:
<br />Accounts payable $ 75,205 $ 20,300 $ 95,505 $ 43,047
<br />Salaries payable 4,199 4,199 8,398 12,583
<br />Accrued interest payable 97,276 - 97,276 99,086
<br />Due to other governmental units 1,217 1,217 3,609
<br />Bonds payable - current portion 875,000 875,000 210,000
<br />Total current liabilities 1,052,897 24,499 1,077,396 368,325
<br />Long -term liabilities:
<br />Bonds payable - long term 3,465,000 - 3,465,000 4,340,000
<br />Compensated absences - payable 14,919 14,919 29,838 12,217
<br />Total liabilities 4,532,816 39,418 4,572,234 4,720,542
<br />Fund equity:
<br />Contributed capital 9,137,401 13,980,160 23,117,561 22,389,099
<br />Retained earnings 405,988 1,089,352 1,495,340 953,013
<br />Total fund equity 9,543,389 15,069,512 24,612,901 23,342,112
<br />Total liabilities and fund equity $ 14,076,205 $ 15,108,930 $ 29,185,135 $ 28,062,654
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