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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />December 31, 2008
<br />G.O. Area and Legacy
<br />Improvement Unit Woods Edge
<br />Assets General Bonds 2005A Charge Improvement
<br />Cash and investments $ 4,121,641 $ 1,069 $ 1,813,952 $ 765,196
<br />Cash and investments with escrow agent
<br />Accrued interest receivable 222,728
<br />Accounts receivable 119,639 22,903
<br />Due from other governmental units 214,666
<br />Interfund receivable 1,075,240
<br />Taxes receivable:
<br />Delinquent 252,399
<br />Due from county 71,169
<br />Delinquent tax increment -
<br />Special assessments receivable:
<br />Delinquent - 1,722,998 96,204
<br />Deferred 1,108 3,647,477 1,951,873
<br />Due from county - 7,191
<br />Long -term notes receivable -
<br />Prepaid items 190,825
<br />Advances to other funds - 812,400
<br />Total assets $ 6,269,415 $ 5,371,544 $ 4,704,523 $ 765,196
<br />Liabilities and equity
<br />Liabilities:
<br />Interfund payable
<br />Accounts payable
<br />Salaries payable
<br />Contracts and retainage payable
<br />Due to other governmental units
<br />Advances from other funds
<br />Deferred revenue
<br />Total liabilities
<br />Fund balances:
<br />Reserved :
<br />Reserved for prepaid items
<br />Reserved for debt retirement
<br />Reserved for advances to other funds
<br />Reserved for environmental improvements
<br />Reserved for long -term notes receivable
<br />Unreserved:
<br />Designated:
<br />General fund
<br />Special revenue funds
<br />Capital projects funds
<br />Undesignated reported in:
<br />Capital projects funds
<br />Permanent funds
<br />Total fund balances
<br />Total liabilities and fund balances
<br />$ - $ $ $ -
<br />240,082 7,483 2,146
<br />191,660 - -
<br />167,730
<br />25 - -
<br />253,507 5,370,475 2,048,077
<br />685,274 5,370,475 2,055,560 169,876
<br />190,825
<br />1,069
<br />812,400
<br />5,393,316 -
<br />1,836,563 595,320
<br />5,584,141 1,069 2,648,963 595,320
<br />$ 6,269,415 $ 5,371,544 $ 4,704,523 $ 765,196
<br />The accompanying notes are an integral part of these basic financial statements.
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