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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />December 31, 2009
<br />G.O. Area and
<br />Improvement I35E Unit
<br />Assets General Bonds 2005A Interchange Charge
<br />Cash and investments $ 5,246,546 $ 667 $ $ 2,138,830
<br />Cash and investments with escrow agent - - 4,271,141
<br />Accrued interest receivable 68,486
<br />Accounts receivable 59,372 22,454
<br />Due from other governmental units 154,681 - 100,000
<br />lnterfund receivable -
<br />Taxes receivable:
<br />Delinquent 375,530
<br />Due from county 68,535 -
<br />Delinquent tax increment -
<br />Special assessments receivable:
<br />Delinquent 77 2,399,798 - 155,676
<br />Deferred 1,138 3,225,999 - 1,593,506
<br />Due from county - - - 295
<br />Long -term notes receivable - -
<br />Prepaid items 196,568 -
<br />Advances to other funds - - - 736,772
<br />Total assets $ 6,170,933 $ 5,626,464 $ 4,371,141 $ 4,647,533
<br />Liabilities and equity
<br />Liabilities:
<br />Interfund payable $ - $ 559,110 $ 61,843 $
<br />Accounts payable 202,728 - 5,275 189
<br />Salaries payable 203,368 -
<br />Contracts and retainage payable -
<br />Due to other governmental units 128 - -
<br />Advances from other funds - -
<br />Deferred revenue 376,745 5,625,797 1,749,182
<br />Total liabilities 782,969 6,184,907 67,118 1,749,371
<br />Fund balances:
<br />Reserved :
<br />Reserved for prepaid items 196,568 -
<br />Reserved for debt retirement - - -
<br />Reserved for advances to other funds - - - 736,772
<br />Reserved for environmental improvements - -
<br />Reserved for long -term notes receivable - - -
<br />Urreserved:
<br />Designated:
<br />General fund 5,191,396 -
<br />Special revenue funds - - -
<br />Capital projects funds - - 4,192,882 2,161,390
<br />Undesignated reported in:
<br />Debt service funds - (558,443) -
<br />Capital projects funds - - 111,141 -
<br />Permanent funds -
<br />Total fund balances 5,387,964 (558,443) 4,304,023 2,898,162
<br />Total liabilities and fund balances $ 6,170,933 $ 5,626,464 $ 4,371,141 $ 4,647,533
<br />The accompanying notes are an integral part of these basic financial statements.
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