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CITY OF LINO LAKES, MINNESOTA
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />DECEMBER 31, 2012
<br />15
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)
<br />At the end of the current fiscal year, the City of Lino Lakes is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as we ll as for its separate governmental
<br />and business-type activities.
<br />
<br />Governmental activities Governmental activities increased the City of Lino Lakes’ net position by
<br />$1,738,376. Increases in Capital Grant s and Contributions for Public Services , primarily due to an MSA
<br />advance against future annual allocations, as well as reductions in community development activities,
<br />staffing levels, and interest payments on long-term debt we re directly attributable to the increase in City’s
<br />net position.
<br />
<br />Business-type activities Business-type activities increased the City of Lino Lakes’ net position by
<br />$481,880. Revenue from Charges for Services and Inve stment earnings provided directly for this
<br />increase.
<br />
<br />Condensed statements of revenues, expenses, and changes in net position highlights are as follows for
<br />the years ended December 31, 2012 and 2011:
<br />
<br />201220112012201120122011
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services $ 1,476,261 $ 1,420,465 $ 2,877,590 $ 2,584,292 $ 4,353,851 $ 4,004,757
<br />Operating Grants and Contributions 450,179 593,798 - - 450,179 593 ,798
<br />Capital Grants and Contributions 5,125,693 7,347,613 20,018 1,462 5,145,711 7,349,075
<br />General Revenues:
<br />Property Taxes 8,461,621 8,513,559 - - 8,461,621 8,513,559
<br />Franchise Taxes 95,003 149,118 - - 95,003 1 49,118
<br />Other Taxes 54,085 106,128 - - 54,085 1 06,128
<br />Contributions Not Restricted to
<br /> Specific Programs 4,941 4,072 - - 4,941 4,072
<br />Unrestricted Investment Earnings 202,828 251,250 102,073 126,215 304,901 377,465
<br />Gain on Disposal of Capital Assets 4,175 37,579 - - 4,175 37,579
<br />Total Revenues 15,874,786 18,423,582 2,999,681 2,711,969 18,874,467 21,135,551
<br />EXPENSES
<br />General Government 1,883,961 1,990,137 - - 1,883,961 1,990,137
<br />Public Safety 4,046,415 4,019,101 - - 4,046,415 4,019,101
<br />Public Service 5,584,283 8,110,979 - - 5,584,283 8,110,979
<br />Parks, Recreation and Forestry 1,210,867 1,218,472 - - 1,210,867 1,218,472
<br />Conservation of Natural Resources 184,051 139,544 - - 184,051 139 ,544
<br />Community Development 430,121 617,747 - - 430,121 617 ,747
<br />Interest on Long-Term Debt 837,755 927,535 - - 837,755 927 ,535
<br />Water - - 949,121 966,643 949,121 966 ,643
<br />Sewe r - - 1,527,637 1,638,063 1,527,637 1,638,063
<br />Total Expenses 14,177,453 17,023,515 2,476,758 2,604,706 16,654,211 19,628,221
<br />CHANGE IN NET POSITION
<br /> BEFORE TRANSFERS 1,697,333 1,400,067 522,923 107,263 2,220,256 1,507,330
<br />Transfers 41,043 66,122 (41,043) (66,122) - -
<br />CHANGE IN NET POSITION 1,738,376 1,466,189 481,880 41,141 2,220,256 1,507,330
<br />Net Position - Beginning of Year 49,662,116 48,195,927 40,418,228 40,377,087 90,080,344 88,573,014
<br />NET POSITION - END OF YEAR 51,400,492 $ 49,662,116 $ 40,900,108 $ 40,418,228 $ 92,300,600 $ 90,080,344 $
<br />Governmental ActivitiesBusiness-Type ActivitiesTotal
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