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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING BALANCE SHEET
<br />December 31, 1999
<br />With Comparative Totals For December 31, 1998
<br />Statement 15
<br />Assets
<br />Totals
<br />Water Sewer 1999
<br />1998
<br />Current assets:
<br />Cash and cash equivalents $ 165,338 $ 638,748 $ 804,086 $ 708,666
<br />Cash and investments with escrow agent 652,895 652,895 -
<br />Accrued interest receivable 8,321 8,321
<br />Accounts receivable 104,037 101,539 205,576 268,447
<br />Special assessments receivable:
<br />Due from county 1,541 1,541 3,435
<br />Prepaid items 1,438 3,312 4,750 35,829
<br />Total current assets 933,570 743,599 1,677,169 1,016,377
<br />Long term assets:
<br />Special assessments, long term 309,865 309,865 295,537
<br />Fixed assets:
<br />Buildings 48,690 - 48,690 48,690
<br />Equipment 117,299 135,102 252,401 208,978
<br />Water and sewer systems 13,562,557 15,279,729 28,842,286 24,230,678
<br />Total fixed assets 13,728,546 15,414,831 29,143,377 24,488,346
<br />Less: Allowance for depreciation (1,371,283) (1,696,474) (3,067,757) (2,552,406)
<br />Net fixed assets 12,357,263 13,718,357 26,075,620 21,935,940
<br />Total assets $ 13,600,698 $ 14,461,956 $ 28,062,654 $ 23,247,854
<br />Liabilities and Fund Equity
<br />Current liabilities:
<br />Accounts payable $ 40,774 $ 2,273 $ 43,047 $ 21,897
<br />Salaries payable 5,540 7,043 12,583 5,366
<br />Accrued interest payable 99,086 - 99,086 92,724
<br />Due to other governmental units 3,609 3,609 8,840
<br />Bonds payable - current portion 210,000 210,000 205,000
<br />Total current liabilities 359,009 9,316 368,325 333,827
<br />Long -term liabilities:
<br />Bonds payable - long term 4,340,000 - 4,340,000 3,870,000
<br />Compensated absences - payable 8,447 3,770 12,217 12,218
<br />Total liabilities 4,707,456 13,086 4,720,542 4,216,045
<br />Fund equity:
<br />Contributed capital
<br />Retained earnings
<br />Total fund equity
<br />8,760,643
<br />132,599
<br />8,893,242
<br />13,628,456
<br />820,414
<br />14,448,870
<br />22,389,099 18,190,064
<br />953,013 841,745
<br />23,342,112 19,031,809
<br />Total liabilities and fund equity $ 13,600,698 $ 14,461,956 $ 28,062,654 $ 23,247,854
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