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CITY OF LINO LAKES, MINNESOTA
<br />GENERAL FUND
<br />BALANCE SHEET
<br />December 31, 1998
<br />With Comparative Amounts At December 31, 1997
<br />Statement 6
<br />1998 1997
<br />Assets
<br />Cash and investments $3,309,600 $3,045,734
<br />Accounts receivable 117,499 66,353
<br />Due from other governmental units 327,379 95,782
<br />▪ Taxes receivable:
<br />Delinquent 27,114 29,500
<br />Due from County 94,655 33,994
<br />• Prepaid items 98,453 99,820
<br />Total assets $3,974,700 $3,371,183
<br />Liabilities and Fund Balance
<br />Liabilities:
<br />Accounts payable $441,148 $197,612
<br />Salaries payable 81,569 67,716
<br />Due to other governmental units 4,253 12,564
<br />Deferred revenue 36,398 35,379
<br />Total liabilities 563,368 313,271
<br />Fund balance:
<br />Reserved for prepaid items
<br />Unreserved:
<br />Designated for general contingencies
<br />Designated for cash flow reserve
<br />Designated for employee benefits
<br />Designated for state aid reductions
<br />Designated for special programs
<br />Total fund balance
<br />Total liabilities and fund balance
<br />98,453 99,820
<br />761,335 729,915
<br />1,696,600 1,718,428
<br />214,857 202,445
<br />250,000 -
<br />390,087 307,304
<br />3,411,332 3,057,912
<br />$3,974,700 $3,371,183
<br />63
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