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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS
<br />Year Ended December 31, 2015
<br />The accompanying notes are an integral part of these basic financial statements
<br />28
<br />G.O.
<br />Improvement
<br />Area and
<br />Improvement
<br />Note
<br />Unit
<br />Revenue:
<br />General
<br />Bonds 2005A
<br />2009F
<br />Charge
<br />General property taxes
<br />$ 7,489,040
<br />$ -
<br />$ -
<br />$ -
<br />Tax increments
<br />-
<br />-
<br />-
<br />-
<br />Licenses and permits
<br />551,202
<br />-
<br />-
<br />-
<br />Intergovernmental
<br />649,611
<br />-
<br />-
<br />-
<br />Special assessments
<br />14,008
<br />-
<br />34,050
<br />464,869
<br />Charges for services
<br />277,423
<br />-
<br />-
<br />246,360
<br />Fines and forfeits
<br />127,803
<br />-
<br />-
<br />-
<br />Investment earnings
<br />27,004
<br />1,438
<br />-
<br />40,612
<br />Net increase (decrease) in fair value of investments
<br />(9,578)
<br />(1,095)
<br />-
<br />(6,564)
<br />Refunds
<br />54,689
<br />-
<br />-
<br />-
<br />Miscellaneous
<br />168,952
<br />-
<br />-
<br />-
<br />Total revenue
<br />9,350,154
<br />343
<br />34,050
<br />745,277
<br />Expenditures:
<br />Current:
<br />General government
<br />1,609,249
<br />-
<br />-
<br />-
<br />Public safety
<br />4,372,735
<br />-
<br />-
<br />-
<br />Public works
<br />1,135,020
<br />-
<br />-
<br />35,615
<br />Parks, recreation and forestry
<br />828,084
<br />-
<br />-
<br />-
<br />Conservation of natural resources
<br />186,886
<br />-
<br />-
<br />-
<br />Community development
<br />422,935
<br />-
<br />-
<br />-
<br />Capital outlay:
<br />General government
<br />4,461
<br />-
<br />-
<br />-
<br />Public safety
<br />36,844
<br />-
<br />-
<br />-
<br />Public works
<br />-
<br />-
<br />-
<br />-
<br />Conservation of natural resources
<br />4,711
<br />-
<br />-
<br />-
<br />Debt service:
<br />Principal
<br />-
<br />380,000
<br />360,000
<br />-
<br />Interest and fiscal charges
<br />-
<br />150,560
<br />79,565
<br />-
<br />Bond issuance costs
<br />-
<br />-
<br />-
<br />-
<br />Total expenditures
<br />8,600,925
<br />530,560
<br />439,565
<br />35,615
<br />Revenue over (under) expenditures
<br />749,229
<br />(530,217)
<br />(405,515)
<br />709,662
<br />Other financing sources (uses):
<br />Transfer in
<br />480,894
<br />683,729
<br />378,000
<br />-
<br />Transfer out
<br />(590,245)
<br />-
<br />-
<br />(670,734)
<br />Sale of property
<br />-
<br />-
<br />-
<br />-
<br />Issuance of debt
<br />-
<br />-
<br />-
<br />-
<br />Premium on bonds issued
<br />-
<br />-
<br />-
<br />Total other financing sources (uses)
<br />(109,351)
<br />683,729
<br />378,000
<br />(670,734)
<br />Net increase (decrease) in fund balance
<br />639,878
<br />153,512
<br />(27,515)
<br />38,928
<br />Fund balance - beginning of year
<br />5,306,535
<br />(2,493,684)
<br />34,899
<br />4,383,677
<br />Fund balance - December 31
<br />$ 5,946,413
<br />$ (2,340,172)
<br />$ 7,384
<br />$ 4,422,605
<br />The accompanying notes are an integral part of these basic financial statements
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