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CITY OF LINO LAKES, MINNESOTA
<br />GENERAL FUND
<br />BALANCE SHEET
<br />December 31, 1997
<br />With Comparative Amounts At December 31, 1996
<br />Statement 6
<br />1997 1996
<br />Assets
<br />Cash and investments $3,045,734 $2,671,992
<br />Accounts receivable 66,353 46,272
<br />Due from other governmental units 95,782 85,465
<br />Taxes receivable:
<br />Delinquent 29,500 19,803
<br />Due from County 33,994 17,837
<br />Prepaid items 99,820 110,077
<br />Total assets $3,371,183 $2,951,446
<br />Liabilities and Fund Balance
<br />Liabilities:
<br />Accounts payable $197,612 $135,745
<br />Salaries payable 67,716 56,520
<br />Due to other governmental units 12,564 8,069
<br />Deferred revenue 35,379 28,087
<br />Total liabilities 313,271 228,421
<br />Fund balance:
<br />Reserved for prepaid items 99,820 110,077
<br />Unreserved:
<br />Designated for general contingencies 729,915 684,647
<br />Designated for cash flow reserve 1,718,428 1,596,195
<br />Designated for employee benefits 202,445 332,106
<br />Designated for finance computer equipment 73,750 -
<br />Designated for parks playground equipment 153,652
<br />Designated for road reconstruction 30,730
<br />Designated for personnel contingency 49,172
<br />Total fund balance 3,057,912 2,723,025
<br />Total liabilities and fund balance $3,371,183 $2,951,446
<br />59
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