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Management's Discussion and Analysis
<br />The City's net position increased by $5,442,106 during 2017. 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 />2017
<br />2016
<br />2017
<br />2016
<br />2017
<br />2016
<br />Revenues:
<br />Public safety
<br />5,166,538
<br />6,567,523
<br />5,166,538
<br />Program revenues:
<br />Public services
<br />5,492,395
<br />6,228,893
<br />5,492,395
<br />Charges for services
<br />$3,600,902
<br />$2,744,984
<br />$2,849,797
<br />$2,754,219
<br />$6,450,699
<br />$5,499,203
<br />Operating grants and contributions
<br />1,106,014
<br />722,858
<br />-
<br />-
<br />1,106,014
<br />722,858
<br />Capital grants and contributions
<br />4,141,383
<br />5,046,307
<br />836,029
<br />1,543,947
<br />4,977,412
<br />6,590,254
<br />General revenues:
<br />Water
<br />-
<br />-
<br />1,245,249
<br />1,367,693
<br />1,245,249
<br />General property taxes
<br />9,441,819
<br />9,049,671
<br />-
<br />-
<br />9,441,819
<br />9,049,671
<br />Tax increment
<br />312,152
<br />293,829
<br />16,755,858
<br />3,147,070
<br />312,152
<br />293,829
<br />Grants and contributions not
<br />Increase in net position before
<br />restricted to specific programs
<br />181,712
<br />91,385
<br />-
<br />-
<br />181,712
<br />91,385
<br />Unrestricted investment earnings
<br />207,792
<br />210,142
<br />106,488
<br />107,119
<br />314,280
<br />317,261
<br />Gain on disposal of capital assets
<br />38,022
<br />66,255
<br />-
<br />-
<br />38,022
<br />66,255
<br />Total revenues
<br />19,029,796
<br />18,225,431
<br />3,792,314
<br />4,405,285
<br />22,822,110
<br />22,630,716
<br />Expenses:
<br />General government
<br />2,395,633
<br />2,456,864
<br />2,395,633
<br />2,456,864
<br />Public safety
<br />5,166,538
<br />6,567,523
<br />5,166,538
<br />6,567,523
<br />Public services
<br />5,492,395
<br />6,228,893
<br />5,492,395
<br />6,228,893
<br />Conservation of naturual resources
<br />200,016
<br />216,905
<br />200,016
<br />216,905
<br />Community development
<br />459,455
<br />454,144
<br />459,455
<br />454,144
<br />Interest and fees on long-term debt
<br />518,897
<br />831,529
<br />-
<br />-
<br />518,897
<br />831,529
<br />Water
<br />-
<br />-
<br />1,245,249
<br />1,367,693
<br />1,245,249
<br />1,367,693
<br />Sewer
<br />-
<br />-
<br />1,901,821
<br />1,850,962
<br />1,901,821
<br />1,850,962
<br />Total expenses
<br />14,232,934
<br />16,755,858
<br />3,147,070
<br />3,218,655
<br />17,380,004
<br />19,974,513
<br />Increase in net position before
<br />special item and transfers
<br />4,796,862
<br />1,469,573
<br />645,244
<br />1,186,630
<br />5,442,106
<br />2,656,203
<br />Special item
<br />-
<br />1,333,166
<br />-
<br />-
<br />-
<br />1,333,166
<br />Transfers
<br />(308,694)
<br />(914,414)
<br />308,694
<br />914,414
<br />-
<br />-
<br />Change in net position
<br />4,488,168
<br />1,888,325
<br />953,938
<br />2,101,044
<br />5,442,106
<br />3,989,369
<br />Net position - January 1, as previously reported
<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 />Prior period adjustment
<br />(692,480)
<br />177,446
<br />-
<br />(177,446)
<br />(692,480)
<br />-
<br />Net position - January 1, as restated
<br />42,127,450
<br />40,931,605
<br />45,724,057
<br />43,623,013
<br />87,851,507
<br />84,554,618
<br />Net position - December 31
<br />$46,615,618
<br />$42,819,930
<br />$46,677,995
<br />$45,724,057
<br />$93,293,613
<br />$88,543,987
<br />Governmental Activities
<br />Governmental activities increased the City's net position by $4,488,168 during 2017. The
<br />cumulative effect of increased charges for services and decreases in public safety expenses
<br />and public services spending account for the increase in 2017. This increase was partially
<br />offset by transfers out to business -type activities of $308,694.
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