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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 3 CAPITAL ASSETS (CONTINUED)
<br />Business -Type Activities:
<br />Capital Assets. Being Depreciated:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Capital Assets, Being Depreciated
<br />Accumulated Depreciation for:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Accumulated Depreciation
<br />Total Capital Assets, Being Depreciated, Net
<br />Business -Type Capital Assets, Net
<br />Beginning
<br />Balance
<br />Increases
<br />Decreases
<br />Ending
<br />Balance
<br />$ 48,690 $ - 5 - S 48.690
<br />503.871 54.354 (12,714) 545,511
<br />41,070,336 425,028 - 41,495,364
<br />41.622.897 479.382 (12,714) 42.089,565
<br />(48.690) - - (48,690)
<br />(307,968) (17,330) 12,714 (312.584)
<br />(12.468,144) (836,863) - (13,305,007)
<br />(12,824,802) (854,193) 12,714 (13,666,281)
<br />28,798,095 (374.811) - 28,423,284
<br />S 28,798.095 $ (374,811) $ 5 28,423,284
<br />Depreciation expense charged to functions/programs of the primary government as follows:
<br />Governmental Activities:
<br />General Government
<br />Public Safety
<br />Public Services
<br />Parks, Recreation and Forestry
<br />Community Development
<br />Total Depreciation Expense, Governmental Activities
<br />$ 238,194
<br />114,976
<br />2,413,609
<br />142.268
<br />500
<br />$ 2.909.547
<br />Business -type Activities:
<br />Water
<br />Sewer
<br />Total Depreciation Expense, Governmental Activities
<br />$ 416,468
<br />437,725
<br />$ 854,193
<br />The City contributed 5425,028 of capital assets from the governmental activities to the business -type activities.
<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2013 is composed of the following:
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />201(A Equipment Certificates
<br />2012A Equipment Certificates
<br />2013A Equipment Certificates
<br />G.O. Tax Abatement Bonds, Series 2006C
<br />G.O. Utility Revenue Bonds, Series 200613
<br />G.O. CIP Refunding Bonds, Series 2006E
<br />G.O. Tax Increment Financing Bonds, Series 2007A
<br />G.O. Refunding Bonds, Series 2012A
<br />Total General Obligation Bonds
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2003B
<br />G.O. Improvement Bonds. Series 2005A
<br />G.O. Improvement Refunding Bonds, Series 2005B
<br />G.O. Improvement & Utility Revenue Refunding Bonds.
<br />Series 2010A
<br />G.O. Improvement Bonds. Series 2013A
<br />Total Special Assessment Bands
<br />Total Bonds
<br />Note Payable - Anoka County - 2009A
<br />Unamortized Bond Discounts
<br />Unamortized Bond Premium
<br />Compensated Absences Payable
<br />Other Post Employment Benefit Plan
<br />Total Governmental Activities
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />Compensated Absences Payable
<br />Final
<br />Issue Maturity Interest Original Payable
<br />Date Date Rate Issue 12/31/2013
<br />2/14/2011 12/31/2014 1.00% 120.000 0 41,000
<br />2/1/2012 12/31/2014 1.00% 150000 101.000
<br />2/1/2013 12/31/2015 100°% 193.000 193.000
<br />8/15/2006 2/1/2023 4.00%4.30% 2.460.000 2,220,000
<br />8/152006 2/1/2017 4.00%-4.15% 570.000 255,000
<br />11/1/2006 2/1/2018 4.00% 2,990,001) 1.930.000
<br />7/15/2007 2/1/2024 4.00%4.125% 4.215.000 3.110000
<br />11/15/2012 2/1/2024 1.00%-2.00% 2,015.000 2,015,000
<br />12,713,000 9.865.000
<br />12/1/2003 2/1/2014 3.20%-5.60% 250,000 35.000
<br />11/1/2005 2/1/2021 4.35%-5.15% 5,550,000 3,505,000
<br />11/1/2005 2/12015 3.75%-5.00% 3.755.000 845.000
<br />7/9/2010 2/1/2020 2.00%-3.00% 1.000,000 720,000
<br />7/15/2013 2/1/2024 1.25%4.00% 615,1810 615.000
<br />11.170,1(00 5.720,1810
<br />23,883.(100 15,585,(00
<br />8/1/2009 8/1/2024 4 00%-3.70% 4.260,000 3,695,000
<br />(45,490) 122,683)
<br />202.370 50,835
<br />N/A 614,536
<br />N/A 83,969
<br />$ 28.299.880 $ 20.006.657
<br />alsammornaime
<br />N/A 0 54.182
<br />
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