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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2016 <br />B. EXPENDITURES IN EXCESS OF BUDGET <br />The following is a listing of expenditure categories within the General Fund that exceed budget <br />appropriations: <br />Additionally, actual expenditures of the Program Recreation Special Revenue Fund exceeded final <br />budgeted expenditures by $33,062. <br />Note 12 INTERFUND RECEIVABLES AND PAYABLES <br />The City provides temporary advances to funds that have insufficient cash balances by means of an advance <br />from another fund. A summary of such advances as of December 31, 2016 is as follows: <br />Nonmajor Funds: <br />G.O. Utility Revenue Bonds of 2016A <br />G.O. Improvement Bonds of 2016B <br />G.O. Tax Abatement Bonds of 2016C <br />Closed Bond Fund <br />78 <br />Receivable Payable <br />$ - $450 <br />- 450 <br />- 450 <br />1,350 - <br />$1,350 $1,350 <br />Final <br />Budget <br />Actual <br />Overage <br />General governmant: <br />Elections <br />$28,504 <br />$28,512 <br />$8 <br />Engineering/planning <br />105,276 <br />117,744 <br />12,468 <br />Government buildings <br />506,820 <br />528,723 <br />21,903 <br />Public safety: <br />Police <br />3,521,366 <br />3,584,901 <br />63,535 <br />Conservation of natural resources: <br />Forestry <br />52,380 <br />54,176 <br />1,796 <br />Solid waste abatement <br />79,909 <br />81,402 <br />1,493 <br />Community development: <br />Economic development <br />102,350 <br />102,816 <br />466 <br />Additionally, actual expenditures of the Program Recreation Special Revenue Fund exceeded final <br />budgeted expenditures by $33,062. <br />Note 12 INTERFUND RECEIVABLES AND PAYABLES <br />The City provides temporary advances to funds that have insufficient cash balances by means of an advance <br />from another fund. A summary of such advances as of December 31, 2016 is as follows: <br />Nonmajor Funds: <br />G.O. Utility Revenue Bonds of 2016A <br />G.O. Improvement Bonds of 2016B <br />G.O. Tax Abatement Bonds of 2016C <br />Closed Bond Fund <br />78 <br />Receivable Payable <br />$ - $450 <br />- 450 <br />- 450 <br />1,350 - <br />$1,350 $1,350 <br />