|
<br />31
<br />CITY OF LINO LAKES, MINNESOTA Statement 7
<br />STATEMENT OF NET POSITION - PROPRIETARY FUNDS
<br />December 31, 2013
<br />Total
<br />Water Sewer 2013
<br />Current assets:
<br />Cash and cash equivalents 4,791,243$ 7,286,546$ 12,077,789$
<br />Accounts receivable 207,315 207,771 415,086
<br />Due from other governmental units - 1,643 1,643
<br />Interfund receivable - 559,110 559,110
<br />Due from county - special assessments 1,312 1,312 2,624
<br />Prepaid items 6,877 14,519 21,396
<br /> Total current assets 5,006,747 8,070,901 13,077,648
<br />Non-current assets:
<br /> Inventory 14,684 - 14,684
<br />Capital assets being depreciated:
<br /> Buildings 48,690 - 48,690
<br /> Equipment 155,276 390,235 545,511
<br /> Water and sewer systems 20,088,392 21,406,972 41,495,364
<br />Total capital assets 20,292,358 21,797,207 42,089,565
<br />Less: allowance for depreciation (6,431,915) (7,234,366) (13,666,281)
<br />Net capital assets 13,860,443 14,562,841 28,423,284
<br />Total noncurrent assets 13,875,127 14,562,841 28,437,968
<br /> Total assets 18,881,874 22,633,742 41,515,616
<br />Current liabilities:
<br /> Accounts payable 14,064 9,887 23,951
<br /> Salaries payable 7,359 7,361 14,720
<br /> Other accrued liabilities 297 - 297
<br /> Compensated absences payable - current portion 17,412 17,412 34,824
<br /> Total current liabilities 39,132 34,660 73,792
<br />Non-current liabilities:
<br /> Compensated absences payable - long term 9,679 9,679 19,358
<br /> Total liabilities 48,811 44,339 93,150
<br /> Investment in capital assets 13,860,443 14,562,841 28,423,284
<br /> Unrestricted 4,972,620 8,026,562 12,999,182
<br /> Total net position 18,833,063$ 22,589,403$ 41,422,466$
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Assets
<br />Liabilities
<br />Net position
<br />
<br />
|