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CITY OF LINO LAKES, MINNESOTA
<br />SUBCOMBINING STATEMENT OF REVENUES,
<br />EXPENDITURES AND CHANGES IN FUND BALANCE
<br />NONMAJOR DEBT SERVICE FUNDS
<br />For The Year Ended December 31, 2016
<br />Statement 24
<br />Page 1 of 2
<br />Fund balance - January 1
<br />129,806
<br />18,635
<br />259,282
<br />330 G.O.
<br />Fund balance - December 31
<br />$156,762
<br />328 G.O.
<br />329 G.O.
<br />Utility
<br />315
<br />Improvement
<br />Tax Abatement
<br />Revenue
<br />Certificates
<br />Bonds
<br />Bonds
<br />Bonds
<br />of Indebtedness
<br />of 2005B
<br />of 2006C
<br />of 2006D
<br />Revenues:
<br />General property taxes
<br />$534,062
<br />$451
<br />$278,320
<br />$ -
<br />Special assessments
<br />121
<br />11,829
<br />150
<br />7,821
<br />Investment earnings
<br />2,130
<br />176
<br />3,692
<br />913
<br />Net increase in fair value
<br />of investments
<br />129
<br />11
<br />197
<br />62
<br />Miscellaneous
<br />-
<br />-
<br />-
<br />-
<br />Total revenues
<br />536,442
<br />12,467
<br />282,359
<br />8,796
<br />Expenditures:
<br />Debt service:
<br />Principal
<br />474,000
<br />-
<br />170,000
<br />65,000
<br />Interest and fiscal charges
<br />35,486
<br />-
<br />79,030
<br />4,904
<br />Bond issuance costs
<br />-
<br />-
<br />35,504
<br />-
<br />Total expenditures
<br />509,486
<br />0
<br />284,534
<br />69,904
<br />Revenues over (under) expenditures
<br />26,956
<br />12,467
<br />(2,175)
<br />(61,108)
<br />Other financing sources:
<br />Transfers in
<br />-
<br />-
<br />-
<br />69,254
<br />Proceeds from issuance of debt
<br />-
<br />-
<br />1,600,000
<br />-
<br />Total other financing sources
<br />-
<br />-
<br />1,600,000
<br />69,254
<br />Net change in fund balance
<br />26,956
<br />12,467
<br />1,597,825
<br />8,146
<br />Fund balance - January 1
<br />129,806
<br />18,635
<br />259,282
<br />179,736
<br />Fund balance - December 31
<br />$156,762
<br />$31,102
<br />$1,857,107
<br />$187,882
<br />119
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