|
CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2007 2008 2009 2010
<br />Net (expense) revenue:
<br />Governmental activities ($10,345,472) ($13,467,933) ($10,518,197) ($9,999,293)
<br />Business-type activities 272,760 231,990 417,784 81,192
<br />Total primary government, net (10,072,712) (13,235,943) (10,100,413) (9,918,101)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,785,280 9,424,697 9,808,324 8,764,183
<br />Unrestricted grants and contributions 256,877 129,607 11,321 4,389
<br />Unrestricted investment earnings 864,578 576,071 429,325 225,677
<br />Gain on disposal of capital assets 17,424 12,512 12,644 -
<br />Special item - withdrawal from fire district - - - -
<br />Transfers (895,687) (994,202) (136,068) (7,078)
<br />Total governmental activities 9,028,472 9,148,685 10,125,546 8,987,171
<br />Business-type activities:
<br />Unrestricted investment earnings 365,822 274,498 228,747 104,770
<br />Change in market value - - - -
<br />Transfers 895,687 994,202 136,068 7,078
<br />Total business-type activities 1,261,509 1,268,700 364,815 111,848
<br />Total primary government $10,289,981 $10,417,385 $10,490,361 $9,099,019
<br />Change in net position:
<br />Governmental activities ($1,317,000) ($4,319,248) ($392,651) ($1,012,122)
<br />Business-type activities 1,534,269 1,500,690 782,599 193,040
<br />Total primary government change in net position $217,269 ($2,818,558) $389,948 ($819,082)
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />144
|