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CITY OF LANESBORO, MINNESOTA PROPRIETARY FUND


Fri, Jun 7th, 2013
Posted in Lanesboro Legals

CITY OF LANESBORO, MINNESOTA

PROPRIETARY FUND

Statement of Net Position

December 31, 2012

With Comparative Totals as of December 31, 2011

Totals - Utilities Commission

2012 2011

ASSETS

Current Assets

Cash and investments $397,472 $564,420

Due from other funds 7,276

Accounts receivable, net 134,888 118,033

Inventory 41,155 38,060

Other receivables/prepaid 1,697 1,576

Total Current Assets 582,488 722,089

Noncurrent Assets

Capital assets:

Nondepreciable 70,636 70,636

Depreciable 6,929,853 6,519,453

Less: Accumulated depreciation 4,038,913 3,887,595

Net capital assets 2,961,576 2,702,494

Total Assets 3,544,064 3,424,583

LIABILITIES

Current Liabilities

Accounts payable 115,667 61,955

Accrued liabilities 56,465 59,791

Due to other funds 76,433

Customer deposits 19,573 19,324

Current maturities of bonds payable 139,179 134,436

Total Current Liabilities 330,884 351,939

Noncurrent Liabilities

Loans payable 120,371 148,553

Bonds payable 952,000 1,063,000

Less: bond discount, net of amortization (12,553) (13,841)

Less: bond issuance costs, net of amortization (20,746) (23,407)

Total Noncurrent Liabilities 1,039,072 1,174,305

Total Liabilities 1,369,956 1,526,244

NET POSITION

Invested in capital assets,

net of related debt 1,783,325 1,393,753

Restricted for debt 103,000 103,000

Unrestricted 287,783 401,586

Total Net Position $2,174,108 $1,898,339



CITY OF LANESBORO, MINNESOTA

PROPRIETARY FUND

Statement of Revenues, Expenses

and Changes in Fund Net Position

For the Year Ended December 31, 2012

With Comparative Totals as of December 31, 2011

Totals - Utilities Commission

2012 2011

Operating Revenues

Charges for services $1,316,034 $1,267,734

Operating Expenses

Pur .....
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CITY OF LANESBORO, MINNESOTA Summary of Financial Report

Fri, Jun 7th, 2013
Posted in Lanesboro Legals

CITY OF LANESBORO, MINNESOTA Summary of Financial Report The purpose of this report is to provide a summary of financial information concerning the City of Lanesboro to interested citizens. The complete financial statements may be examined at the ..... 
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HOLT TOWNSHIP NOTICE MEETING LOCATION CHANGE

Fri, May 3rd, 2013
Posted in Lanesboro Legals

As of May 2013, Holt Township will be moving their monthly meeting place from the Whalan Town Hall in Whalan to the Sons of Norway Hall in Lanesboro. The board will remain meeting on the second Monday of each month at 7:30 pm. Chris Gudmundson, ..... 
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Minnesota Secretary Of State CERTIFICATE OF ASSUMED NAME - AMENDMENT TO ASSUMED NAME

Fri, Apr 26th, 2013
Posted in Lanesboro Legals

Minnesota Statutes, Chapter 333 1. List the exact assumed name under which the business is or will be conducted: SUNSET HILL RANCH 2. Principal Place of Business: 19053 391ST AVE. LANESBORO, MN 55949 3. List the name and complete street a ..... 
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Notice of annual meeting for the Lanesboro Historical Preservation Association

Fri, Sep 21st, 2012
Posted in Lanesboro Legals

The Annual Meeting for The Lanesboro Historical Preservation Association will be held at the Lanesboro Museum on Monday, October 15, 2012 at 12:00 Noon. All members 18 years old and over with a current membership are eligible to vote at this meeti ..... 
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Lanesboro Public hearing

Fri, Sep 21st, 2012
Posted in Lanesboro Legals

The City Council of Lanesboro has scheduled a public hearing for Monday, October 1 at 5:30 p.m. in the Lanesboro Veteran’s Memorial Community Center Council Chambers in regards to a street vacation request petitioned by Rick and Cheryl Lamon for a ..... 
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Public Hearing Notice

Mon, May 28th, 2012
Posted in Lanesboro Legals

Public Hearing Notice The City of Lanesboro Planning and Zoning Commission has scheduled a public hearing for Monday, June 4th at 5:00pm in the Lanesboro Veteran’s Memorial Community Center Council Chambers in regards to a Conditional Use Per ..... 
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