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Comprehensive Annual Financial Report 12/31/2015
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Comprehensive Annual Financial Report 12/31/2015
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Comprehensive Annual Financial Report
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12/31/2015
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CITY OF LINO LAKES, MINNESOTA <br />NOTE TO REQUIRED SUPPLEMENTARY INFORMATION <br />December 31, 2015 <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 />Final <br />Budget <br />General Fund: <br />General government: <br />Administration $ 368,868 $ <br />Community development: <br />Community Development 206,424 <br />Planning and Zoning Commission 114,610 <br />The excess expenditures were paid for with available fund balance during 2015. <br />72 <br />Actual <br />371,778 <br />209,457 <br />123,049 <br />Actual in <br />Excess of <br />Budget <br />$ (2,910) <br />(3,033) <br />(8,439) <br />
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