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<br />INNoi
<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1999
<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
<br />of the Civic 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 />1/1/99
<br />$ 1,097,476
<br />1,746,068
<br />355,603
<br />635,435
<br />952,881
<br />545,915
<br />$ 5,333,378
<br />Additions
<br />$ 1,140,279
<br />4,757,699
<br />436,657
<br />68,602
<br />206,433
<br />4,061
<br />6,613,731
<br />Balance
<br />Deletions 12/31/99
<br />$ 29,000 $ 2,208,755
<br />85,000 6,418,767
<br />2,509 789,751
<br />-0- 704,037
<br />139,982 1,019,332
<br />-0- 549,976
<br />256,491 $ 11,690,618
<br />A summary of Proprietary Fund fixed assets at December 31, 1999 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 />Sewer Total
<br />$ 48,690 $ -0- $ 48,690
<br />117,299 135,102 252,401
<br />13,562,557 15,279,729 28,842,286
<br />13,728,546 15,414,831 29,143,377
<br />(1,371,283) (1,696,474) (3,067,757)
<br />12,357,263
<br />13,718,357 $ 26,075,620
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