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Comprehensive Annual Financial Report 12/31/2008
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Comprehensive Annual Financial Report 12/31/2008
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Comprehensive Annual Financial Report
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12/31/2008
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CITY OF LINO LAKES, MINNESOTA <br />COMBINING BALANCE SHEET - NONMAJOR GOVERNMENTAL FUNDS <br />December 31, 2008 <br />Special Revenue Debt Service <br />Lease <br />Economic Special Certificates Revenue <br />Development Program Revenue of Bonds <br />Authority Recreation Subtotal Indebtedness of 1998A <br />Assets <br />Cash and investments $ $ 115,168 $ 115,168 $ 115,830 $ 412,558 <br />Cash and investments <br />with escrow agent 88,504 <br />Accounts receivable 410 410 - <br />Due from other governmental units <br />Taxes receivable: <br />Delinquent 7,846 6,659 <br />Due from county 2,095 1,748 <br />Delinquent tax increment - - <br />Special assessments receivable: <br />Delinquent <br />Deferred <br />Due from county - <br />Long-term notes receivable 225,000 225,000 <br />Prepaid items - 1,973 1,973 <br />Total assets $ 225,000 $ 117,551 $ 342,551 $ 125,771 $ 509,469 <br />Liabilities and Fund Balance <br />Liabilities: <br />Interfund payable $ $ - $ $ $ <br />Accounts payable 8,579 8,579 <br />Salaries payable 426 426 <br />Advances from other funds - - <br />Deferred revenue 7,846 6,659 <br />Total liabilities 9,005 9,005 7,846 6,659 <br />Fund balance (deficit): <br />Reserved for prepaid items 1,973 1,973 - <br />Reserved for debt retirement - 117,925 502,810 <br />Reserved for environmental improvement - - - <br />Reserved for long -term notes receivable 225,000 225,000 <br />Unreserved: <br />Designated: <br />Recreation programs 106,573 106,573 <br />Capital improvements - <br />Undesignated <br />Total fund balance (deficit) 225,000 108,546 333,546 117,925 502,810 <br />Total liabilities and fund balance $ 225,000 $ 117,551 $ 342,551 $ 125,771 $ 509,469 <br />67 <br />
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