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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
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<br />46
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<br />Note 2 DEPOSITS AND INVESTMENTS (CONTINUED)
<br />B. INVESTMENTS (CONTINUED)
<br />Concentration of Credit Risk
<br />
<br />The City places no limit on the amount that it may invest in any one issuer. The following is a list of
<br />investments which individually comprise more than 5% of the City’s total investments:
<br />
<br />Type Amount Percentage
<br />Federal National Mortgage Assn.2,543,496$ 8.04%
<br />Federal Home Loan Bank 2,434,579 7.69%
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<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2013 was as follows:
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land 3,275,859$ -$ -$ 3,275,859$
<br />Capital Assets, Being Depreciated:
<br />Buildings 6,530,334 195,783 - 6,726,117
<br />Office Equipment and Furniture 1,372,230 36,904 (26,102) 1,383,032
<br />Vehicles 2,514,738 159,041 (130,829) 2,542,950
<br />Machinery and Shop Equipment 923,595 (3,000) 920,595
<br />Other Equipment 952,447 - - 952,447
<br />Infrastructure 77,876,924 914,606 (183,726) 78,607,804
<br />Total Capital Assets, Being Depreciated 90,170,268 1,306,334 (343,657) 91,132,945
<br />Accumulated Depreciation for:
<br />Buildings (3,206,148) (218,053) - (3,424,201)
<br />Office Equipment and Furniture (921,491) (80,027) 26,102 (975,416)
<br />Vehicles (1,366,677) (242,537) 130,829 (1,478,385)
<br />Machinery and Shop Equipment (530,970) (52,380) 3,000 (580,350)
<br />Other Equipment (747,408) (22,339) - (769,747)
<br />Infrastructure (47,038,870) (2,294,211) 7,349 (49,325,732)
<br />Total Accumulated Depreciation (53,811,564) (2,909,547) 167,280 (56,553,831)
<br />Total Capital Assets, Being Depreciated, Net 36,358,704 (1,603,213) (176,377) 34,579,114
<br />Governmental Activities Capital Assets, Net 39,634,563$ (1,603,213)$ (176,377)$ 37,854,973$
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