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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
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<br />Note 11 FUND BALANCE
<br />At December 31, 2013, the City had various fund balances restricted, committed, or assigned through legal
<br />restriction and City Council authorization. Major fund balance appropriations at December 31, 2013 are shown on
<br />the various balance sheets as segregations of the fund balance. The fund balances are as follows:
<br />
<br />Total Nonspendable Restricted Committed Assigned Unassigned
<br />General Fund:5,209,286$ -$ -$ -$ -$ 5,209,286$
<br />Prepaid Items 176,797 176,797 - - - -
<br />Total General Fund 5,386,083 176,797 - - - 5,209,286
<br />G.O. Improvement Bonds 2005A:
<br />Deficit Fund Balance (2,101,738) - - - - (2,101,738)
<br />Improvement Bonds 2009F:
<br />Debt Service 996,291 - 996,291 - - -
<br />Municipal State Aid:
<br />Construction Projects 4,595,797 - - - 4,595,797 -
<br />Area and Unit Charge:
<br />Advances to Other Funds 460,881 - - - 460,881 -
<br />Construction Projects 3,709,170 - - - 3,709,170 -
<br />Total Area and Unit Charge 4,170,051 - - - 4,170,051 -
<br />Nonmajor Governmental Funds:
<br />Prepaid Items 1,710 1,710 - - - -
<br />Economic Development - Loan Receivable 225,000 - 225,000 - - -
<br />Corpus of Permanent Fund 100,000 100,000 - - - -
<br />Program Recreation 110,457 - - 110,457 - -
<br />Cable TV Fund 10,618 - - 10,618 - -
<br />Environmental Improvements 21,475 - 21,475 - - -
<br />Debt Service 2,408,784 - 2,408,784 - - -
<br />Construction Projects 6,944,854 - - - 6,944,854 -
<br />Deficit Fund Balance (1,291,809) - - - - (1,291,809)
<br />Total Nonmajor Funds 8,531,089 101,710 2,655,259 121,075 6,944,854 (1,291,809)
<br />Total Fund Balances 21,577,573$ 278,507$ 3,651,550$ 121,075$ 15,710,702$ 1,815,739$
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<br />Note 12 SHARE IN GAS FRANCHISE PROFITS
<br />The City receives a share of the gross billing for natural gas sales by a neighboring City, which provides service
<br />within the City of Lino Lakes. The amount reported as revenue in the General Fund during fiscal year 2013 was
<br />$61,280.
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<br />Note 13 INTERFUND RECEIVABLE AND PAYABLES
<br />The purpose of the interfund receivable and payable balances is for the elimination of negative cash between funds
<br />and at December 31, 2013 are as follows:
<br />
<br />Receivable Payable
<br />Governmental Activity:
<br />G.O. Improvement Bonds 2005A -$ 2,259,643$
<br />Other Nonmajor Governmental Funds 2,534,940 834,407
<br />Business-Type Activity:
<br />Sewer Fund 559,110 -
<br />3,094,050$ 3,094,050$
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