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Management's Discussion and Analysis
<br />The City's net position increased by $3,989,369 during 2016. Key elements of this increase
<br />are as follows:
<br />City of Lino Lakes' Changes in Net Position
<br />Expenses:
<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Totals
<br />2016
<br />2015
<br />2016
<br />2015
<br />2016
<br />2015
<br />Revenues:
<br />Public safety
<br />6,567,523
<br />5,135,865
<br />6,567,523
<br />Program revenues:
<br />Public services
<br />6,228,893
<br />7,971,712
<br />6,228,893
<br />Charges for services
<br />$2,744,984
<br />$1,722,872
<br />$2,754,219
<br />$2,636,469
<br />$5,499,203
<br />$4,359,341
<br />Operating grants and contributions
<br />722,858
<br />526,107
<br />-
<br />263,024
<br />722,858
<br />789,131
<br />Capital grants and contributions
<br />5,046,307
<br />1,176,732
<br />1,543,947
<br />3,035,031
<br />6,590,254
<br />4,211,763
<br />General revenues:
<br />Water
<br />-
<br />-
<br />1,367,693
<br />1,394,897
<br />1,367,693
<br />General property taxes
<br />9,049,671
<br />8,874,910
<br />-
<br />-
<br />9,049,671
<br />8,874,910
<br />Tax increment
<br />293,829
<br />267,286
<br />16,375,183
<br />3,218,655
<br />293,829
<br />267,286
<br />Grants and contributions not
<br />Increase in net position before
<br />restricted to specific programs
<br />91,385
<br />5,363
<br />-
<br />-
<br />91,385
<br />5,363
<br />Unrestricted investment earnings
<br />210,142
<br />112,961
<br />107,119
<br />51,167
<br />317,261
<br />164,128
<br />Gain on disposal of capital assets
<br />66,255
<br />17,836
<br />-
<br />-
<br />66,255
<br />17,836
<br />Total revenues
<br />18,225,431
<br />12,704,067
<br />4,405,285
<br />5,985,691
<br />22,630,716
<br />18,689,758
<br />Expenses:
<br />General government
<br />2,456,864
<br />2,016,351
<br />2,456,864
<br />2,016,351
<br />Public safety
<br />6,567,523
<br />5,135,865
<br />6,567,523
<br />5,135,865
<br />Public services
<br />6,228,893
<br />7,971,712
<br />6,228,893
<br />7,971,712
<br />Conservation of naturual resources
<br />216,905
<br />186,111
<br />216,905
<br />186,111
<br />Community development
<br />454,144
<br />432,268
<br />454,144
<br />432,268
<br />Interest and fees on long-term debt
<br />831,529
<br />632,876
<br />-
<br />-
<br />831,529
<br />632,876
<br />Water
<br />-
<br />-
<br />1,367,693
<br />1,394,897
<br />1,367,693
<br />1,394,897
<br />Sewer
<br />-
<br />-
<br />1,850,962
<br />2,089,842
<br />1,850,962
<br />2,089,842
<br />Total expenses
<br />16,755,858
<br />16,375,183
<br />3,218,655
<br />3,484,739
<br />19,974,513
<br />19,859,922
<br />Increase in net position before
<br />special item and transfers
<br />1,469,573
<br />(3,671,116)
<br />1,186,630
<br />2,500,952
<br />2,656,203
<br />(1,170,164)
<br />Special item
<br />1,333,166
<br />-
<br />-
<br />-
<br />1,333,166
<br />Transfers
<br />(914,414)
<br />66,834
<br />914,414
<br />(66,834)
<br />-
<br />Change in net position
<br />1,888,325
<br />(3,604,282)
<br />2,101,044
<br />2,434,118
<br />3,989,369
<br />(1,170,164)
<br />Net position - January 1, as previously reported
<br />40,754,159
<br />48,734,868
<br />43,800,459
<br />41,444,300
<br />84,554,618
<br />90,179,168
<br />Prior period adjustment
<br />177,446
<br />(4,376,427)
<br />(177,446)
<br />(77,959)
<br />-
<br />(4,454,386)
<br />Net position - January 1, as restated
<br />40,931,605
<br />44,358,441
<br />43,623,013
<br />41,366,341
<br />84,554,618
<br />85,724,782
<br />Net position - December 31
<br />$42,819,930
<br />$40,754,159
<br />$45,724,057
<br />$43,800,459
<br />$88,543,987
<br />$84,554,618
<br />Governmental Activities
<br />Governmental activities increased the City's net position by $1,888,325 during 2016. The
<br />cumulative effect of increased Capital Grants and Contributions, partially offset by increases
<br />in general government and public safety expenses, and decreased public services spending
<br />account for this increase in 2016. In addition, as a result of the City withdrawing from the
<br />Centennial Fire district the City received $1,333,166 of cash and equipment, further
<br />increasing the net position. This increase was partially offset by transfers out to business -
<br />type activities of $914,414.
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