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<br />CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
<br />December 31, 2005
<br />Statement 7
<br />Assets
<br />Current assets:
<br />Cash and cash equivalents
<br />Accounts receivable
<br />Special assessments receivable:
<br />Due from county
<br />Prepaid items
<br />Total current assets
<br />Non - current assets:
<br />Special assessments, long term
<br />Capital assets:
<br />Construction in Progress
<br />Buildings
<br />Equipment
<br />Water and sewer systems
<br />Total capital assets
<br />Less: allowance for depreciation
<br />Net capital assets
<br />Total noncurrent assets
<br />Total assets
<br />Liabilities
<br />Current liabilities:
<br />Accounts payable
<br />Salaries payable
<br />Contracts and retainage payable
<br />Other accrued liabilities
<br />Accrued interest payable
<br />Bonds payable - current portion
<br />Compensated absences payable current portion
<br />Total current liabilities
<br />Non - current liabilities:
<br />Bonds payable - long term
<br />Compensated absences payable - long term
<br />Total noncurrent liabilities
<br />Total liabilities
<br />Net assets
<br />Invested in capital assets, net of related debt
<br />Unrestricted
<br />Total net assets
<br />The accompanying notes are an integral part of these basic financial statements.
<br />29
<br />Water
<br />S 1,759,526
<br />130,602
<br />708
<br />5,145
<br />1,895,981
<br />147,489
<br />356,061
<br />48,690
<br />105,935
<br />17, 198,789
<br />17,709,475
<br />(3,202,712)
<br />14,506,763
<br />14,654,252
<br />16,550,233
<br />Sewer
<br />S 3,498,064
<br />170,161
<br />708
<br />5,950
<br />3,674,883
<br />160,042
<br />19,895,691
<br />20,055,733
<br />(3,794,672)
<br />16,261,061
<br />16,261,061
<br />Totals
<br />2005
<br />$ 5,257,590
<br />300,763
<br />1,416
<br />11,095
<br />5,570,864
<br />147,489
<br />356,061
<br />48,690
<br />265,977
<br />37,094,480
<br />37,765,208
<br />(6,997,384)
<br />30,767,824
<br />30,915.313
<br />19,935,944 36,486,177
<br />$ 30,982 $
<br />2,917
<br />15,860
<br />1,510
<br />59,786
<br />295,000
<br />8,937'
<br />414,992
<br />2,130,000
<br />=1,413
<br />2,134,313
<br />2,549,805
<br />12,081,763
<br />1,918,665
<br />S 14,000,423
<br />4,612 $ 35,594
<br />2,840 5,757
<br />15,860
<br />1,510
<br />59,786
<br />295,000
<br />17,874
<br />431,381
<br />8.937
<br />16,389
<br />4,813
<br />4,813
<br />21,202
<br />16,261,069
<br />3,653,673
<br />$ 19,914,742
<br />2,130,000
<br />9,626
<br />2,139,626
<br />2,571,007
<br />28,342,832
<br />5,572,338
<br />S 33,915,170
<br />
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