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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2012
<br />Note 11 FUND BALANCE
<br />At December 31, 2012, 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, 2012 are shown on
<br />the various balance sheets as segregations of the fund balance. The fund balances are as follows:
<br />Total Nonspendable Restricted Committed Assigned Unassigned
<br />General Fund: $ 5,053,031 S - $ 5 - $ S 5,053,031
<br />Prepaid items 180,786 180,786 - -
<br />Total General Fund 5,233,817 180,786 - - 5,053,031
<br />G.O. Improvement Bonds 2005A:
<br />Deficit Fund Balance (2,003,261) - - (2,003,261)
<br />Improvement Bonds 2009F:
<br />Debt Service 491 491
<br />Municipal State Aid:
<br />Construction Projects 5,037,136 - 5,037,136
<br />Traffic Control:
<br />Construction Projects 463,247 - 463,247
<br />Area and Unit Charge:
<br />Advances to Other Funds 496,000 496,000 - -
<br />Construction Projects 3,476,716 - - 3,476,716 -
<br />Total Area and Unit Charge 3,972,716 496,000 - 3,476,716 -
<br />Nonmajor Governmental Funds:
<br />Prepaid items 2,113 2,113 - -
<br />Long -term Loan Receivable 225,000 225,000
<br />Corpus of Permanent Fund 100,000 100,000 -
<br />Program Recreation 115,196 - 115,196
<br />Environmental Improvements 10,536 - 10,536 -
<br />Debt Service 3,030,497 - 3,030,497
<br />Construction Projects 6,596,080 - 6,596,080
<br />Deficit Fund Balance (1,259,467) - - (1,259,467)
<br />Total Nonmajor Funds 8,819,955 327,113 3,041,033 115,196 6,596,080 (1,259,467)
<br />Total Fund Balances $ 21,524,101 S 1,003,899 $ 3,041,524 5 115,196 $ 15,573,179 $ 1,790,303
<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 2012 was
<br />$46,178.
<br />Note 13 INTERFUND RECEIVABLE AND PAYABLES
<br />The purpose of the interfund receivable and payable balances is for the elimination of negative cash between funds
<br />and at December 31, 2012 are as follows:
<br />Governmental Activity:
<br />G.O. Improvement Bonds 2005A
<br />Other Nonmajor Governmental Funds
<br />Business -Type Activity:
<br />Sewer Fund
<br />54
<br />Receivable Payable
<br />2,366,768
<br />559,110
<br />$ 2,925,878
<br />$ 2,162,003
<br />763,875
<br />2,925,878
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