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CITY OF LINO LAKES, MINNESOTA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />DECEMBER 31, 2014
<br />GOVERNMENT -WIDE FINANCIAL ANALYSIS (CONTINUED)
<br />At the end of the current fiscal year, the City of Lino Lakes is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate governmental
<br />and business -type activities.
<br />Governmental activities Governmental activities decreased the City of Lino Lakes' net position by
<br />$1,356,622. Reductions in Capital Grants and Contributions and increases in expenses for general
<br />government and public services activities account for this reduction for 2014.
<br />Business -type activities Business -type activities increased the City of Lino Lakes' net position by
<br />$21,834. Changes in market value of investments provided mainly for this increase.
<br />Condensed statements of revenues, expenses, and changes in net position highlights are as follows for
<br />the years ended December 31, 2014 and 2013:
<br />15
<br />Governmental Activities
<br />Business -Type Activities
<br />Total
<br />2014
<br />2013
<br />2014
<br />2013
<br />2014
<br />2013
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services
<br />$ 1,529,040
<br />$ 1,452,169
<br />$ 2,529,524
<br />$ 2,725,139
<br />$ 4,058,564
<br />$ 4,177,308
<br />Operating Grants and Contributions
<br />840,676
<br />527,368
<br />-
<br />-
<br />840,676
<br />527,368
<br />Capital Grants and Contributions
<br />335,733
<br />941,960
<br />1,035
<br />883
<br />336,768
<br />942,843
<br />General Revenues:
<br />Property Taxes
<br />8,612,016
<br />8,392,601
<br />-
<br />-
<br />8,612,016
<br />8,392,601
<br />Franchise Taxes
<br />124,292
<br />109,438
<br />124,292
<br />109,438
<br />Other Taxes
<br />70,578
<br />61,556
<br />70,578
<br />61,556
<br />Contributions Not Restricted to
<br />Specific Programs
<br />4,443
<br />4,442
<br />-
<br />-
<br />4,443
<br />4,442
<br />Unrestricted Investment Earnings
<br />172,738
<br />216,488
<br />96,213
<br />113,402
<br />268,951
<br />329,890
<br />Change in Market Value
<br />92,957
<br />(270,692)
<br />58,255
<br />(158,175)
<br />151,212
<br />(428,867)
<br />Gain on Disposal of Capital Assets
<br />1,727
<br />-
<br />1,727
<br />-
<br />Total Revenues
<br />11,784,200
<br />11,435,330
<br />-2,681,249
<br />14,469,227
<br />14,116,579
<br />EXPENSES
<br />General Government
<br />2,036,550
<br />1,566,388
<br />2,036,550
<br />1,566,388
<br />Public Safety
<br />4,107,759
<br />3,950,197
<br />4,107,759
<br />3,950,197
<br />Public Service
<br />4,786,121
<br />4,540,888
<br />4,786,121
<br />4,540,888
<br />Parks, Recreation and Forestry
<br />1,093,909
<br />835,783
<br />1,093,909
<br />835,783
<br />Conservation of Natural Resources
<br />159,649
<br />141,204
<br />159,649
<br />141,204
<br />Community Development
<br />407,448
<br />404,726
<br />407,448
<br />404,726
<br />Interest on Long -Term Debt
<br />618,680
<br />951,842
<br />618,680
<br />951,842
<br />Water
<br />-
<br />-
<br />965,641
<br />927,800
<br />965,641
<br />927,800
<br />Sewer
<br />-
<br />-
<br />1,628,258
<br />1,584,395
<br />1,628,258
<br />1,584,395
<br />Total Expenses
<br />13,210,116
<br />12,391,028
<br />2,593,899
<br />2,512,195
<br />15,804,015
<br />14,903,223
<br />CHANGE IN NET POSITION
<br />BEFORE TRANSFERS
<br />(1,425,916)
<br />(955,698)
<br />91,128
<br />169,054
<br />(1,334,788)
<br />(786,644)
<br />Transfers
<br />69,294
<br />(353,304)
<br />(69,294)
<br />353,304
<br />CHANGE IN NET POSITION
<br />1,356,622
<br />1,309,002
<br />21,834
<br />522,358
<br />1,334,788
<br />786,644
<br />Net Position - Beginning of Year
<br />50,091,490
<br />51,400,492
<br />41,422,466
<br />40,900,108
<br />91,513,956
<br />92,300,600
<br />NET POSITION - END OF YEAR
<br />$ 48,734,868
<br />$ 50,091,490
<br />$ 41,444,300
<br />$ 41,422,466
<br />$ 90,179,168
<br />$ 91,513,956
<br />15
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