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CITY OF LINO LAKES, MINNESOTA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />December 31, 2007
<br />Assets
<br />Cash and investments
<br />Cash and investments with escrow agent
<br />Accrued interest receivable
<br />Accounts receivable
<br />Due from other governmental units
<br />Interfund receivable
<br />Taxes receivable:
<br />General
<br />$ 5,029,617
<br />281,397
<br />130,465
<br />152,394
<br />75,947
<br />G.O. Area and Legacy
<br />Improvement Unit Woods Edge
<br />Bonds 2005A Charge Improvement
<br />$ 510,276 $ 1,615,563 $ 3,957,573
<br />23,026
<br />Delinquent 174,903
<br />Due from county 53,509
<br />Delinquent tax increment -
<br />Special assessments receivable:
<br />Delinquent 1,046,197 50,187
<br />Deferred 4,041,381 2,199,953
<br />Due from county 5,286
<br />Long -term notes receivable - -
<br />Prepaid items 181,759 -
<br />Advances to other funds - 885,825
<br />Total assets $ 6,079,991 $ 5,597,854 $ 4,779,840 $ 3,957,573
<br />Liabilities and equity
<br />Liabilities:
<br />Interfund payable $ - $ $ - $
<br />Accounts payable 227,386 9,406 21,758
<br />Salaries payable 139,671
<br />Contracts and retainage payable - 48,678 690,800
<br />Due to other governmental units - -
<br />Advances from other funds - -
<br />Deferred revenue 174,903 5,087,578 2,250,140
<br />Total liabilities 541,960 5,087,578 2,308,224 712,558
<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 equity and other credits
<br />181,759
<br />510,276
<br />5,356,272
<br />885,825
<br />1,585,791 3,245,015
<br />5,538,031 510,276 2,471,616 3,245,015
<br />Total liabilities and equity $ 6,079,991 $ 5,597,854 $ 4,779,840 $ 3,957,573
<br />The accompanying notes are an integral part of these basic financial statements.
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