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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 2 DEPOSITS AND INVESTMENTS (CONTINUED)
<br />B. INVESTMENTS (CONTINUED)
<br />Concentration of Credit Risk
<br />The City places no limit on the amount that it may invest in any one issuer. The following is a list of
<br />investments which individually comprise more than 5% of the City's total investments:
<br />Type
<br />Federal National Mortgage Assn.
<br />Federal Home Loan Bank
<br />Note 3 CAPITAL ASSETS
<br />Amount
<br />$ 2,543,496
<br />2,434,579
<br />Capital asset activity for the year ended December 31, 2013 was as follows:
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />Office Equipment and Furniture
<br />Vehicles
<br />Machinery and Shop Equipment
<br />Other Equipment
<br />Infrastructure
<br />Total Capital Assets, Being Depreciated
<br />Accumulated Depreciation for:
<br />Buildings
<br />Office Equipment and Furniture
<br />Vehicles
<br />Machinery and Shop Equipment
<br />Other Equipment
<br />Infrastructure
<br />Total Accumulated Depreciation
<br />Total Capital Assets, Being Depreciated, Net
<br />Governmental Activities Capital Assets, Net
<br />Beginning
<br />Balance
<br />Increases
<br />$ 3,275,859 $
<br />6,530,334
<br />1,372,230
<br />2,514,738
<br />923,595
<br />952,447
<br />77,876,924
<br />90,170,268
<br />195,783
<br />36,904
<br />159,041
<br />914,606
<br />1,306,334
<br />Percentage
<br />Decreases
<br />8.04%
<br />7.69%
<br />Ending
<br />Balance
<br />$ 3,275,859
<br />6,726,117
<br />(26,102) 1,383,032
<br />(130,829) 2,542,950
<br />(3,000) 920,595
<br />952,447
<br />(183,726) 78,607,804
<br />(343,657) 91,132,945
<br />(3,206,148) (218,053) - (3,424,201)
<br />(921,491) (80,027) 26,102 (975,416)
<br />(1,366,677) (242,537) 130,829 (1,478,385)
<br />(530,970) (52,380) 3,000 (580,350)
<br />(747,408) (22,339) - (769,747)
<br />(47,038,870) (2,294,211) 7,349 (49,325,732)
<br />(53,811,564) (2,909,547) 167,280 (56,553,831)
<br />36,358,704 (1,603,213) (176,377) 34,579,114
<br />$ 39,634,563 $ (1,603,213) $ (176,377) $ 37,854,973
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