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WIN
<br />CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
<br />December 31, 2011
<br />Assets
<br />Current assets:
<br />Cash and cash equivalents
<br />Accounts receivable
<br />Due from other governmental units
<br />Interfund receivable
<br />Special assessments receivable
<br />Due from county - special assessments
<br />Prepaid items
<br />Total current assets
<br />Non - current assets:
<br />Special assessments, long term
<br />Inventory
<br />Unamortized bond issue costs
<br />Capital assets being depreciated:
<br />Buildings
<br />Equipment
<br />Water and sewer systems
<br />Total capital assets
<br />Less: allowance for depreciation
<br />Net capital assets
<br />Total noncurrent assets
<br />Total assets
<br />Liabilities
<br />Current liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Deferred Revenue
<br />Accrued interest payable
<br />Bonds payable - current portion
<br />Compensated absences payable - current portion
<br />Total current liabilities
<br />Non - current liabilities:
<br />Compensated absences payable - long term
<br />Total liabilities
<br />Net assets
<br />Invested in capital assets, net of related debt
<br />Unrestricted
<br />Total net assets
<br />The accompanying notes are an integral part of these basic financial statements.
<br />30
<br />Water
<br />$ 3,649,473
<br />217,426
<br />12,997
<br />1,644
<br />8,640
<br />3,890,180
<br />Sewer
<br />$ 6,575,417
<br />211,001
<br />1,728
<br />559,110
<br />1,644
<br />10,932
<br />7,359,832
<br />Statement 7
<br />Total
<br />2011
<br />$ 10,224,890
<br />428,427
<br />1,728
<br />559,110
<br />12,997
<br />3,288
<br />19,572
<br />11,250,012
<br />14,738 14,738
<br />27,433 27,433
<br />344 - 344
<br />48,690 - 48,690
<br />152,648 340,843 493,491
<br />19,784,263 21,258,093 41,042,356
<br />19,985,601 21,598,936 41,584,537
<br />(5,597,917) (6,364,818) (11,962,735)
<br />14,387,684 15,234,118 29,621,802
<br />14,430,199 15,234,118 29,664,317
<br />18,320,379 22,593,950 40,914,329
<br />17,736
<br />5,700
<br />5,407
<br />6,104
<br />404,936
<br />13,855
<br />453,738
<br />8,844
<br />462,582
<br />5,121
<br />5,699
<br />13,855
<br />24,675
<br />8,844
<br />33,519
<br />13,982,748 15,234,118
<br />3,875,049 7,326,313
<br />$ 17,857,797 $ 22,560,431
<br />22,857
<br />11,399
<br />5,407
<br />6,104
<br />404,936
<br />27,710
<br />478,413
<br />17,688
<br />496,101
<br />29,216,866
<br />11,201,362
<br />$ 40,418,228
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