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CITY OF LINO LAKES, MINNESOTA <br />NOTE TO REQUIRED SUPPLEMENTARY INFORMATION <br />December 31,2015 <br />Note 1 BUDGETS <br />The General Fund budget is legally adopted on a basis consistent with U.S. Generally Accepted Accounting Principles. <br />The legal level of budgetary control is at the department level. The following is a listing of expenditures that exceeded <br />budget appropriations. <br />General Fund: <br />General government: <br />Administration <br />Community development: <br />Community Development <br />Planning and Zoning Commission <br />$ <br />Final <br />Budget <br />368,868 <br />206,424 <br />114,610 <br />The excess expenditures were paid for with available fund balance during 2015. <br />$ <br />Actual <br />371,778 <br />209,457 <br />123,049 <br />$ <br />Actual in <br />Excess of <br />Budget <br />(2,910) <br />(3,033) <br />(8,439) <br />CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF FUNDING PROGRESS FOR POSTEMPLOYMENT BENEFIT PLAN <br />Current and Two Preceeding Valuations <br />Actuarial <br />Actuarial Accrued <br />Actuarial Value of Liability Unfunded Funded <br />Valuation Assets (AAL) AAL Ratio <br />Date (al Q!.l Q!:al (albl <br />1/112008 $ -$ 329,191 $ 329,191 <br />11112011 474,770 474,770 <br />111/2014 547,626 547,626 <br />UAALasa <br />Percentage <br />Covered of Covered <br />Payroll Payroll <br />(cl (Q!-al/c) <br />$ 4,859,980 6.8% <br />4,888,702 9.7% <br />5,265,020 10.4% IV-37