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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2007 2008 2009 2010
<br />Revenues:
<br />Property taxes $8,529,846 $9,095,085 $9,561,570 $8,647,488
<br />Liscenses and permits 694,435 802,135 307,714 330,138
<br />Intergovernmental 6,143,689 1,004,476 1,259,016 1,176,863
<br />Special assessments 1,961,253 950,188 968,995 851,270
<br />Charges for services 753,698 872,534 778,163 780,044
<br />Fines and forfeits 139,932 133,531 111,807 127,203
<br />Investment earnings 864,578 576,071 429,325 225,677
<br />Net increase (decrease) in fair value of investments - - - -
<br />Miscellaneous 889,901 516,415 513,306 502,992
<br /> Total revenues 19,977,332 13,950,435 13,929,896 12,641,675
<br />Expenditures:
<br />Current:
<br />General government 1,953,960 2,058,267 1,918,246 1,730,390
<br />Public safety 3,513,460 3,806,389 4,122,352 3,798,106
<br />Public services 9,549,932 6,575,568 3,071,646 2,848,232
<br />Conservation of natural resources 183,346 183,024 209,466 185,232
<br />Community development 1,107,328 1,113,232 1,005,095 1,098,682
<br />Capital outlay 2,008,073 585,875 501,806 282,938
<br />Debt service:
<br />Principal 1,973,000 1,749,000 1,908,000 1,866,000
<br />Interest and fiscal charges 937,895 1,074,052 994,809 1,042,883
<br />Bond issuance costs - - - -
<br /> Total expenditures 21,226,994 17,145,407 13,731,420 12,852,463
<br />Excess (deficiency) of revenues over expenditures (1,249,662) (3,194,972) 198,476 (210,788)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 54,037 13,750 35,700 20,600
<br />Proceeds from issuance of debt 4,375,000 209,000 4,596,000 1,170,000
<br />Premium on bonds issued - - 11,141 10,980
<br />Discount on bonds issued (25,798) - - -
<br />Payment to refunded bond escrow agent - - - (965,000)
<br />Loan payable reapportionment - - - -
<br />Transfers in 2,900,249 4,763,391 1,413,985 1,195,747
<br />Transfers out (3,019,224) (4,796,159) (1,367,863) (1,127,625)
<br /> Total other financing sources (uses)4,284,264 189,982 4,688,963 304,702
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance $3,034,602 ($3,004,990) $4,887,439 $93,914
<br />Debt service as a percentage of noncapital expenditures 15.1%17.0%21.9%23.1%
<br />Debt service as a percentage of total expenditures 13.7%16.5%21.1%22.6%
<br />148
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