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<br />CITY OF LINO LAKES, MINNESOTA Statement 1
<br />STATEMENT OF NET POSITION
<br />December 31, 2013
<br />Governmental
<br />Activities
<br />Business-type
<br />Activities Total
<br />ASSETS
<br />Cash and investments 22,028,036$ 12,077,789$ 34,105,825$
<br />Accrued interest receivable 71,531 - 71,531
<br />Accounts receivable 112,717 415,086 527,803
<br />Due from other governments 67,878 1,643 69,521
<br />Internal balances (559,110) 559,110 -
<br />Taxes receivable 301,342 - 301,342
<br />Special assessments receivable 10,779,249 2,624 10,781,873
<br />Long-term notes receivable 225,000 - 225,000
<br />Prepaid items 178,507 21,396 199,903
<br />Inventory - 14,684 14,684
<br />Permanently restricted cash and investments 121,475 - 121,475
<br />Capital assets:
<br />Land 3,275,859 - 3,275,859
<br />Other capital assets, net of depreciation 34,579,114 28,423,284 63,002,398
<br />Total assets 71,181,598 41,515,616 112,697,214
<br />LIABILITIES
<br />Accounts payable 398,205 23,951 422,156
<br />Salaries payable 243,829 14,720 258,549
<br />Contracts and retainage payable 143,141 - 143,141
<br />Accrued interest payable 295,994 - 295,994
<br />Due to other governments 517 - 517
<br />Other accrued liabilities 1,765 297 2,062
<br />Non-current liabilities:
<br />Due within one year 3,426,332 34,824 3,461,156
<br />Due in more than one year 16,580,325 19,358 16,599,683
<br />Total liabilities 21,090,108 93,150 21,183,258
<br />NET POSITION
<br />Net Investment in Capital Assets 22,241,821 28,423,284 50,665,105
<br />Restricted for:
<br />Debt service - expendable 10,653,558 - 10,653,558
<br />Economic development 225,000 - 225,000
<br />Environmental improvements - expendable 21,475 - 21,475
<br />Environmental improvements - nonexpendable 100,000 - 100,000
<br />Unrestricted 16,849,636 12,999,182 29,848,818
<br />Total net position 50,091,490$ 41,422,466$ 91,513,956$
<br />The accompanying notes are an integral part of these basic financial statements.
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