|
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 2015 Other Total
<br />Improvement Note Unit Street Govermnental Governmental
<br />Revenue: General Bonds 2005A 2009F Charge Reconstruction Funds Funds
<br />General property taxes $ 7,489,040 $ $ $ $ $ 1,194,181 $ 8,683,221
<br />Tax increments 267,286 267,286
<br />Licenses and permits 551,202 551,202
<br />Intergovermnental 649,611 30,016 679,627
<br />Special assessments 14,008 34,050 464,869 190,214 703,141
<br />Charges for services 277,423 246,360 172,718 696,501
<br />Fines and forfeits 127,803 127,803
<br />Investment earnings 27,004 1,438 40,612 5,979 88,464 163,497
<br />Net increase (decrease) in fair value of investments (9,578) (1,095) (6,564) (2,080) (31,265) (50,582)
<br />Refunds 54,689 71,993 126,682
<br />Miscellaneous 168,952 470,438 639,390
<br />Total revenue 9,350,154 343 34,050 745,277 3,899 2,454,045 12,587,768
<br />Expenditures:
<br />Current:
<br />General government 1,609,249 34,717 1,643,966
<br />Public safety 4,372,735 7,522,747 11,895,482
<br />Public works 1,135,020 35,615 2,603,672 169,205 3,943,512
<br />Parks, recreation and forestry 828,084 8,100 836,184
<br />Conservation of natural resources 186,886 4,152 191,038
<br />Community development 422,935 422,935
<br />Capital outlay:
<br />General government 4,461 67,932 72,393
<br />Public safety 36,844 1,161,951 1,198,795
<br />Public works 290,158 290,158
<br />Conservation of natural resources 4,711 4,711
<br />Debt service:
<br />Principal 380,000 360,000 2,062,511 2,802,511
<br />Interest and fiscal charges 150,560 79,565 312,041 542,166
<br />Bond issuance costs 62,831 62,831
<br />Total expenditures 8,600,925 530,560 439,565 35,615 2,603,672 11,696,345 23,906,682
<br />Revenue over (under) expenditures 749,229 (530,217) (405,515) 709,662 __ (2,599,773) (9,242,300) (11,318,914)
<br />Other financing sources (uses):
<br />Transfer in 480,894 683,729 378,000 1,850,348 3,392,971
<br />Transfer out (590,245) (670,734) (2,075,158) (3,336,137)
<br />Sale of property 54,522 54,522
<br />Issuance of debt 2,560,703 6,045,547 8,606,250
<br />Premium on bonds issued 53,115 61,845 114,960
<br />Total other financing sources (uses) (109,351) 683,729 378,000 (670,734) 2,613,818 5,937,104 8,832,566
<br />Net increase (decrease) in fund balance 639,878 153,512 (27,515) 38,928 14,045 (3,305, 196) (2,486,348)
<br />Fund balance -beginning of year 5,306,535 (2,493,684) 34,899 4,383,677 (32,271) 15,343,207 22,542,363
<br />Fund balance -December 31 $ 5,946,413 $ (2,340, 172) $ 7,384 $ 4,422,605 $ (18,226) $ 12,038,011 $ 20,056,015
<br />The accompanying notes are an integral part of these basic financial statements. IV-12
|