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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2016
<br />327 G.O.
<br />Improvement
<br />General Fund Bonds of 2005A
<br />Revenues:
<br />General property taxes $7,037,596 $ -
<br />Tax increment - -
<br />Licenses and permits 895,581 -
<br />Intergovernmental 654,447 -
<br />Special assessments 4,618 996,679
<br />Charges for services 342,690 -
<br />Fines and forfeits 220,905 -
<br />Investment earnings 37,887 6,964
<br />Net increase in fair value of investments 2,553 368
<br />Miscellaneous 221,034 -
<br />Total revenues 9,417,311 1,004,011
<br />Expenditures:
<br />Current:
<br />General government 1,837,343 -
<br />Public safety 4,318,330 -
<br />Public services 2,094,753 -
<br />Conservation of natural resources 177,185 -
<br />Community development 420,298 -
<br />Capital outlay:
<br />General government 4,583 -
<br />Public safety 46,399 -
<br />Public services 259 -
<br />Conservation of natural resources 5,028 -
<br />Debt service:
<br />Principal - 400,000
<br />Interest and fiscal charges - 130,860
<br />Bond issuance costs - 34,628
<br />Total expenditures 8,904,178 565,488
<br />Revenues over (under) expenditures 513,133 438,523
<br />Other financing sources (uses):
<br />Transfers in 488,084 152,784
<br />Transfers out (691,439) -
<br />Proceeds from issuance of debt - 1,975,000
<br />Premium on bonds issued - -
<br />Proceeds from sale of capital assets - -
<br />Total other financing sources (uses)(203,355)2,127,784
<br />Special item - withdrawal from fire district - -
<br />Net change in fund balance 309,778 2,566,307
<br />Fund balance - January 1 5,946,413 (2,340,172)
<br />Fund balance - December 31 $6,256,191 $226,135
<br />The accompanying notes are an integral part of these financial statements.
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