|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2012
<br />Governmental Business -type
<br />Activities Activities
<br />Statement 1
<br />Total
<br />ASSETS
<br />Cash and investments $ 21,636,723 $ 11,138,355 $ 32,775,078
<br />Accrued interest receivable 70,428 - 70,428
<br />Accounts receivable 149,700 433,525 583,225
<br />Due from other governments 101,395 3,156 104,551
<br />Internal Balances (559,110) 559,110 -
<br />Taxes receivable 365,172 - 365,172
<br />Special assessments receivable 11,954,743 76 11,954,819
<br />,j Long -term notes receivable 225,000 225,000
<br />Prepaid items 182,899 21,099 203,998
<br />Inventory 39,298 39,298
<br />Unamortized bond issue costs 219,206 - 219,206
<br />Permanently restricted cash and investments 110,536 110,536
<br />Capital assets:
<br />Land 3,275,859 - 3,275,859
<br />Other capital assets, net of depreciation 36,358,704 28,798,095 65,156,799
<br />Total assets 74,091,255 40,992,714 115,083,969
<br />'n(
<br />LIABILITIES
<br />Accounts payable 184,324 36,946 221,270
<br />Salaries payable 214,667 12,250 226,917
<br />Contracts and retainage payable 75,553 75,553
<br />Accrued interest payable 334,040 334,040
<br />Due to other governments 1,184 1,184
<br />Other accrued liabilities 5,381 5,381
<br />Non - current liabilities:
<br />Due within one year 3,037,714 28,400 3,066,114
<br />Due in more than one year 18,837,900 15,010 18,852,910
<br />Total liabilities 22,690,763 92,606 22,783,369
<br />NET POSITION
<br />Net Investment in Capital Assets 22,166,342 28,798,095 50,964,437
<br />Restricted for:
<br />Debt service - expendable 11,484,576 - 11,484,576
<br />Environmental improvements - expendable 10,536 10,536
<br />Environmental improvements - nonexpendable 100,000 100,000
<br />Unrestricted 17,639,038 12,102,013 29,741,051
<br />Total net position $ 51,400,492 $ 40,900,108 $ 92,300,600
<br />The accompanying notes are an integral part of these basic financial statements.
<br />22
<br />
|