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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2014
<br />Note 8 STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY (CONTINUED)
<br />B. EXPENDITURES IN EXCESS OF BUDGET
<br />The following is a listing of expenditure categories that exceed budget appropriations:
<br />Note 9 CONTINGENCIES
<br />Tax Increment Districts — The City's tax increment districts are subject to review by the State of Minnesota Office
<br />of the State Auditor (OSA). Any disallowed claims or misuse of tax increments could become a liability of the
<br />applicable fund. Management has indicated that they are not aware of any instances of noncompliance which could
<br />have a material effect on the financial statements.
<br />Federal and State Funds — The City receives financial assistance from federal and state governmental agencies in the
<br />form of grants. The disbursement of funds received under these programs generally requires compliance with the
<br />terms and conditions specified in the grant agreements and is subject to audit by the grantor agencies. Any
<br />disallowed claims resulting from such audits could become a liability of the applicable fund. However, in the
<br />opinion of management, any such disallowed claims will not have a material effect on any of the financial
<br />statements of the individual fund types included herein or on the overall financial position of the City at December
<br />31, 2014.
<br />Liti ag tion — The City, in connection with the normal conduct of its affairs, is involved in various claims, judgments,
<br />and litigation. As of December 31, 2014 any potential affect this may have on the City is not estimable, however it
<br />is not expected to have a material effect on the financial statements of the City.
<br />Labor Contracts — The City has various employees that are covered under labor agreements, that are subject to
<br />collective bargaining. The status of labor contracts in the City is as follows:
<br />Number of Expiration Date of
<br />Bargaining Unit Employees Current Contract
<br />LELS - Patrol 17
<br />LELS - Patrol
<br />49ers - Public Works
<br />AFSCME
<br />Non -unionized Employees
<br />Total Employees
<br />15
<br />17
<br />62
<br />53
<br />December 31, 2015
<br />December 31, 2015
<br />December 31, 2015
<br />December 31, 2015
<br />Budget
<br />Actual
<br />Excess
<br />General Fund:
<br />General Government Buildings
<br />$ 419,163
<br />$ 431,605
<br />$ (12,442)
<br />Fire Protection
<br />558,687
<br />563,412
<br />(4,725)
<br />Recreation
<br />297,227
<br />298,506
<br />(1,279)
<br />Solid Waste Abatement
<br />64,239
<br />75,416
<br />(11,177)
<br />Planning and Zoning Commission
<br />112,088
<br />114,285
<br />(2,197)
<br />Program Recreation Special Revenue Fund:
<br />Supplies
<br />38,250
<br />43,815
<br />(5,565)
<br />Other Services and Charges
<br />-
<br />1,656
<br />(1,656)
<br />Note 9 CONTINGENCIES
<br />Tax Increment Districts — The City's tax increment districts are subject to review by the State of Minnesota Office
<br />of the State Auditor (OSA). Any disallowed claims or misuse of tax increments could become a liability of the
<br />applicable fund. Management has indicated that they are not aware of any instances of noncompliance which could
<br />have a material effect on the financial statements.
<br />Federal and State Funds — The City receives financial assistance from federal and state governmental agencies in the
<br />form of grants. The disbursement of funds received under these programs generally requires compliance with the
<br />terms and conditions specified in the grant agreements and is subject to audit by the grantor agencies. Any
<br />disallowed claims resulting from such audits could become a liability of the applicable fund. However, in the
<br />opinion of management, any such disallowed claims will not have a material effect on any of the financial
<br />statements of the individual fund types included herein or on the overall financial position of the City at December
<br />31, 2014.
<br />Liti ag tion — The City, in connection with the normal conduct of its affairs, is involved in various claims, judgments,
<br />and litigation. As of December 31, 2014 any potential affect this may have on the City is not estimable, however it
<br />is not expected to have a material effect on the financial statements of the City.
<br />Labor Contracts — The City has various employees that are covered under labor agreements, that are subject to
<br />collective bargaining. The status of labor contracts in the City is as follows:
<br />Number of Expiration Date of
<br />Bargaining Unit Employees Current Contract
<br />LELS - Patrol 17
<br />LELS - Patrol
<br />49ers - Public Works
<br />AFSCME
<br />Non -unionized Employees
<br />Total Employees
<br />15
<br />17
<br />62
<br />53
<br />December 31, 2015
<br />December 31, 2015
<br />December 31, 2015
<br />December 31, 2015
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