|
CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<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 />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
<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.
<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 />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
<br />54
<br />
|