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Comprehensive Annual Financial Report 12/31/2013
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Comprehensive Annual Financial Report 12/31/2013
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Comprehensive Annual Financial Report
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12/31/2013
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CITY OF LINO LAKES, MINNESOTA <br />NOTE TO REQUIRED SUPPLEMENTARY INFORMATION <br />December 31, 2012 <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 />Engineering/planning <br />Public works: <br />Fleet <br />Parks and recreation: <br />Recreation: <br />Conservation of natural resources: <br />Solid waste abatement <br />Final <br />Budget Actual <br />$ 106,400 $ 108,700 <br />353,269 386,341 <br />294,664 296,120 <br />41,949 43,104 <br />The excess expenditures were covered by more than anticipated revenues during 2013. <br />Actual in <br />Excess of <br />Budget <br />$ (2,300) <br />(33,072) <br />(1,456) <br />(1,155) <br />
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