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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $3,989,369 during 2016. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2016 2015 2016 2015 2016 2015
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $2,744,984 $1,722,872 $2,754,219 $2,636,469 $5,499,203 $4,359,341
<br /> Operating grants and contributions 722,858 526,107 - 263,024 722,858 789,131
<br /> Capital grants and contributions 5,046,307 1,176,732 1,543,947 3,035,031 6,590,254 4,211,763
<br />General revenues:
<br /> General property taxes 9,049,671 8,874,910 - - 9,049,671 8,874,910
<br /> Tax increment 293,829 267,286 - - 293,829 267,286
<br /> Grants and contributions not
<br /> restricted to specific programs 91,385 5,363 - - 91,385 5,363
<br /> Unrestricted investment earnings 210,142 112,961 107,119 51,167 317,261 164,128
<br /> Gain on disposal of capital assets 66,255 17,836 - - 66,255 17,836
<br />Total revenues 18,225,431 12,704,067 4,405,285 5,985,691 22,630,716 18,689,758
<br />Expenses:
<br />General government 2,456,864 2,016,351 - - 2,456,864 2,016,351
<br />Public safety 6,567,523 5,135,865 - - 6,567,523 5,135,865
<br />Public services 6,228,893 7,971,712 - - 6,228,893 7,971,712
<br />Conservation of naturual resources 216,905 186,111 - - 216,905 186,111
<br />Community development 454,144 432,268 - - 454,144 432,268
<br />Interest and fees on long-term debt 831,529 632,876 - - 831,529 632,876
<br />Water - - 1,367,693 1,394,897 1,367,693 1,394,897
<br />Sewer - - 1,850,962 2,089,842 1,850,962 2,089,842
<br /> Total expenses 16,755,858 16,375,183 3,218,655 3,484,739 19,974,513 19,859,922
<br />Increase in net position before
<br />special item and transfers 1,469,573 (3,671,116) 1,186,630 2,500,952 2,656,203 (1,170,164)
<br />Special item 1,333,166 - - - 1,333,166 -
<br />Transfers (914,414) 66,834 914,414 (66,834) - -
<br />Change in net position 1,888,325 (3,604,282) 2,101,044 2,434,118 3,989,369 (1,170,164)
<br />Net position - January 1, as previously reported 40,754,159 48,734,868 43,800,459 41,444,300 84,554,618 90,179,168
<br />Prior period adjustment 177,446 (4,376,427) (177,446) (77,959) - (4,454,386)
<br />Net position - January 1, as restated 40,931,605 44,358,441 43,623,013 41,366,341 84,554,618 85,724,782
<br />Net position - December 31 $42,819,930 $40,754,159 $45,724,057 $43,800,459 $88,543,987 $84,554,618
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $1,888,325 during 2016. The
<br />cumulative effect of increased Capital Grants and Contributions, partially offset by increases
<br />in general government and public safety expenses, and decreased public services spending
<br />account for this increase in 2016. In addition, as a result of the City withdrawing from the
<br />Centennial Fire district the City received $1,333,166 of cash and equipment, further
<br />increasing the net position. This increase was partially offset by transfers out to business-
<br />type activities of $914,414.
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