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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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Fillmore County Pork Producers
Hoffman Stables

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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Lois Marie Nelson

Fri, May 31st, 2013
Posted in Lanesboro Obituaries

On Wednesday, May 22, 2013 Lois Marie Nelson died at the age of 76. Lois was born November 21, 1936 in Lanesboro, Minn., the daughter of Willie and Bertha Nelson. She was raised and schooled in Lanesboro. Following her graduation from high school ..... 
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Lanesboro Arts Center presents the 33rd Annual ‘Art in the Park’ Father’s Day Festival

Fri, May 31st, 2013
Posted in Lanesboro Arts & Culture

A Father’s Day tradition for more than 30 years, the ‘Art in the Park’ Festival will take place again this year in beautiful Sylvan Park, Lanesboro, Minn. Presented by the Lanesboro Arts Center, the festival will be held Sunday, June 16, 2013 ..... 
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Lanesboro American Legion remembers American heroes

By Mitchell Walbridge

Fri, May 31st, 2013
Posted in Lanesboro Features

On the morning of Memorial Day, communities, American Legion posts from around the country, and similar organizations commemorate the country’s military heroes who no longer with us. The community of Lanesboro, Minn., American Legion Post #40, the ..... 
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Incognito and Author Michael Fedo will take the stage on "Lanesboro Live"

Tue, May 28th, 2013
Posted in Lanesboro Arts & Culture

Lanesboro, Minn. - The 11-member powerhouse band Incognito will rock the stage at the St. Mane Theatre at the upcoming “Lanesboro Live! Conversation, Comedy & Cool Jams . . .” show on Sunday, June 16 at 7 p.m. Host Damon Prestemon will also welc ..... 
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‘Gospel’ is the theme for the “Over the Back Fence” Community Variety Show, at the St. Mane Theatre on Friday, June 14, 2013, at 7:30 p.m.

Tue, May 28th, 2013
Posted in Lanesboro Arts & Culture

‘Gospel’ is the theme for the upcoming “Over the Back Fence” Community Variety Show, held on Friday, June 14 at 7:30 p.m. at the St. Mane Theatre in Lanesboro, Minn. Show highlights will include a visit from Lena Ann (portrayed by Nancy Huis ..... 
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Letter about kindness

Fri, May 24th, 2013
Posted in Lanesboro Letter to the Editor

To the Editor, I was ready to make cookies only to find the package of almond bark didn’t have the recipe I needed. What to do?? I called Preston Foods, greeted with a pleasant hello. Explained my dilemma and asked if she would be so kind as to ..... 
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Lanesboro Arts Center receives $313,000 grant from ArtPlace America

Thu, May 23rd, 2013
Posted in Lanesboro Arts & Culture

Lanesboro, Minn. - ArtPlace America announces the award of a $313,000 grant to Lanesboro Arts Center for the Lanesboro Arts Campus, the vision of engaging a rural region and its visitors in the arts while simultaneously promoting economic developmen ..... 
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