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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />December 31, 2013
<br />Statement 1
<br />Governmental Business -type
<br />Activities Activities
<br />Total
<br />ASSETS
<br />Cash and investments $ 22,028,036 $ 12,077,789 $ 34,105,825
<br />Accrued interest receivable 71,531 71,531
<br />Accounts receivable 112,717 415,086 527,803
<br />Due from other governments 67,878 1,643 69,521
<br />Internal balances (559,110) 559,110 -
<br />Taxes receivable 301,342 - 301,342
<br />Special assessments receivable 10,779,249 2,624 10,781,873
<br />Long-term notes receivable 225,000 225,000
<br />Prepaid items 178,507 21,396 199,903
<br />Inventory - 14,684 14,684
<br />Permanently restricted cash and investments 121,475 - 121,475
<br />Capital assets:
<br />Land 3,275,859 - 3,275,859
<br />Other capital assets, net of depreciation 34,579,114 28,423,284 63,002,398
<br />Total assets 71,181,598 41,515,616 112,697,214
<br />LIABILITIES
<br />Accounts payable 398,205 23,951 422,156
<br />Salaries payable 243,829 14,720 258,549
<br />Contracts and retainage payable 143,141 143,141
<br />Accrued interest payable 295,994 295,994
<br />Due to other governments 517 517
<br />Other accrued liabilities 1,765 297 2,062
<br />Non-current liabilities:
<br />Due within one year 3,426,332 34,824 3,461,156
<br />Due in more than one year 16,580,325 19,358 16,599,683
<br />Total liabilities 21,090,108 93,150 21,183,258
<br />NET POSITION
<br />Net Investment in Capital Assets
<br />Restricted for:
<br />Debt service - expendable
<br />Economic development
<br />Environmental improvements - expendable
<br />Environmental improvements - nonexpendable
<br />Unrestricted
<br />Total net position
<br />22,241,821
<br />10,653,558
<br />225,000
<br />21,475
<br />100,000
<br />16,849,636
<br />28,423,284
<br />12,999,182
<br />50,665,105
<br />10,653,558
<br />225,000
<br />21,475
<br />100,000
<br />29,848,818
<br />$ 50,091,490 $ 41,422,466 $ 91,513,956
<br />The accompanying notes are an integral part of these basic financial statements.
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