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<br />28
<br />CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS
<br />Year Ended December 31, 2015
<br />G.O. Improvement Area and
<br />Improvement Note Unit
<br />Revenue: General Bonds 2005A 2009F Charge
<br /> General property taxes 7,489,040$ -$ -$ -$
<br /> Tax increments - - - -
<br /> Licenses and permits 551,202 - - -
<br /> Intergovernmental 649,611 - - -
<br /> Special assessments 14,008 - 34,050 464,869
<br /> Charges for services 277,423 - - 246,360
<br /> Fines and forfeits 127,803 - - -
<br /> Investment earnings 27,004 1,438 - 40,612
<br /> Net increase (decrease) in fair value of investments (9,578) (1,095) - (6,564)
<br /> Refunds 54,689 - - -
<br /> Miscellaneous 168,952 - - -
<br />Total revenue 9,350,154 343 34,050 745,277
<br />Expenditures:
<br /> Current:
<br /> General government 1,609,249 - - -
<br /> Public safety 4,372,735 - - -
<br /> Public works 1,135,020 - - 35,615
<br /> Parks, recreation and forestry 828,084 - - -
<br /> Conservation of natural resources 186,886 - - -
<br /> Community development 422,935 - - -
<br /> Capital outlay:
<br /> General government 4,461 - - -
<br /> Public safety 36,844 - - -
<br /> Public works - - - -
<br /> Conservation of natural resources 4,711 - - -
<br /> Debt service:
<br /> Principal - 380,000 360,000 -
<br /> Interest and fiscal charges - 150,560 79,565 -
<br /> Bond issuance costs - - - -
<br />Total expenditures 8,600,925 530,560 439,565 35,615
<br />Revenue over (under) expenditures 749,229 (530,217) (405,515) 709,662
<br />Other financing sources (uses):
<br /> Transfer in 480,894 683,729 378,000 -
<br /> Transfer out (590,245) - - (670,734)
<br /> Sale of property - - - -
<br /> Issuance of debt - - - -
<br /> Premium on bonds issued - - -
<br />Total other financing sources (uses) (109,351) 683,729 378,000 (670,734)
<br />Net increase (decrease) in fund balance 639,878 153,512 (27,515) 38,928
<br />Fund balance - beginning of year 5,306,535 (2,493,684) 34,899 4,383,677
<br />Fund balance - December 31 5,946,413$ (2,340,172)$ 7,384$ 4,422,605$
<br />The accompanying notes are an integral part of these basic financial statements.
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