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<br />108
<br />CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS,
<br />LAST TEN FISCAL YEARS
<br />(modified accrual basis of accounting)
<br />2006 2007 2008 2009
<br />Revenues
<br />Property Taxes 8,103,263$ 8,529,846$ 9,095,085$ 9,561,570$
<br />Licenses and Permits 581,582 694,435 802,135 307,714
<br />Intergovernmental 1,818,519 6,143,689 1,004,476 1,259,016
<br />Special Assessments 2,901,100 1,961,253 950,188 968,995
<br />Charges for Services 687,551 753,698 872,534 778,163
<br />Fines and Forfeits 101,518 139,932 133,531 111,807
<br />Investment Earnings 713,795 864,578 576,071 429,325
<br />Net Increase (Decrease) in Fair Value of Investments - - - -
<br />Miscellaneous 716,692 889,901 516,415 513,306
<br />Total revenues 15,624,020 19,977,332 13,950,435 13,929,896
<br />Expenditures
<br />Current:
<br />General Government 2,614,303 1,953,960 2,058,267 1,918,246
<br />Public Safety 3,314,159 3,513,460 3,806,389 4,122,352
<br />Public Works 7,755,727 8,446,911 5,542,308 1,965,640
<br />Parks, Recreation and Forestry 1,076,727 1,103,021 1,033,260 1,106,006
<br />Conservation of Natural Resources 143,653 183,346 183,024 209,466
<br />Community Development 683,036 1,107,328 1,113,232 1,005,095
<br />Capital Outlay 835,770 2,008,073 585,875 501,806
<br />Debt Service:
<br />Principal 2,155,000 1,973,000 1,749,000 1,908,000
<br />Interest and Fiscal Charges 1,011,157 937,895 1,074,052 994,809
<br />Bond Issuance Costs - - - -
<br />Total expenditures 19,589,532 21,226,994 17,145,407 13,731,420
<br />Excess (deficiency) of revenues
<br /> over expenditures (3,965,512) (1,249,662) (3,194,972) 198,476
<br />Other Financing Sources (Uses)
<br />Sale of Property 28,818 54,037 13,750 35,700
<br />Proceeds from Issuance of Debt 6,327,000 4,375,000 209,000 4,596,000
<br />Premium on Bonds Issued 450 - - 11,141
<br />Discount on Bonds Issued (13,635) (25,798) - -
<br />Payment to Refunded Bond Escrow Agent (7,225,000) - - -
<br />Loan Payable Reapportionment - - - -
<br />Transfer In 5,811,452 2,900,249 4,763,391 1,413,985
<br />Transfer Out (6,111,177) (3,019,224) (4,796,159) (1,367,863)
<br />Total other financing sources (uses) (1,182,092) 4,284,264 189,982 4,688,963
<br />Net change in fund balances (5,147,604)$ 3,034,602$ (3,004,990)$ 4,887,439$
<br />Debt service as a percentage of
<br /> noncapital expenditures 16.9% 15.1% 27.6% 22.7%
<br />Fiscal Year
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