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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1997
<br />Note 3 FIXED ASSETS
<br />A summary of changes in general fixed assets is as follows:
<br />Balance Balance
<br />1/1/97 Additions Deletions 12/31/97
<br />Land and improvements $649,600 $447,876 $ - $1,097,476
<br />Buildings 1,539,500 206,568 1,746,068
<br />Equipment and furniture 190,653 123,976 1,516 313,113
<br />Other 425,410 60,765 - 486,175
<br />Vehicles 806,661 135,490 69,017 873,134
<br />Machinery/shop equipment 514,329 11,948 13,634 512,643
<br />Totals $4,126,153 $986,623 $84,167 $5,028,609
<br />A sununary of Proprietary Fund fixed assets at December 31, 1997 is as follows:
<br />Gas
<br />Water Sewer Utility Total
<br />Buildings and structures $48,690 $ - $ - $48,690
<br />Machinery and equipment 97,098 65,145 162,243
<br />Water and sewer lines 7,702,000 9,771,617 17,473,617
<br />— Construction in progress 3,367,050 3,367,050
<br />Acquisition costs - gas utility - 2,375 2,375
<br />Total 11,214,838 9,836,762 2,375 21,053,975
<br />Less: Accumulated depreciation (944,828) (1,232,710) - (2,177,538)
<br />Net fixed assets
<br />glawo
<br />Immo
<br />UMW
<br />Mow
<br />$10,270,010 $8,604,052 $2,375 $18,876,437
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