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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2017
<br />3270.0. 333 G.O. 3420.0.
<br />Improvement Improvement Improvement 406Areaand Other Total
<br />General Fund Bonds of2005A Note of2009A Bonds of2016B UnitC!!5e Governmental Funds Governmental Funds
<br />Revenues:
<br />General property taxes $7,338,876 $ $ $ $ $2,121,713 $9,460,589
<br />Tax increment 312,152 312,152
<br />Licenses and permits 1,447,571 1,447,571
<br />Intergovernmental 667,520 413,433 1,080,953
<br />Special assessments 4,293 287,628 1,325,125 666,928 2,283,974
<br />Charges for services 302,038 257,468 768,275 1,327,781
<br />Fines and forfeits 147,977 465,616 613,593
<br />Investment earnings 40,913 6,486 69,217 91,176 207,792
<br />Miscellaneous 295,439 115,201 410,640
<br />Total revenues 10,244,627 6,486 287,628 0 1,651,810 4,954,494 17,145,045
<br />Expenditures:
<br />Current:
<br />General government 1,945,691 ' 6,978 1,952,669
<br />Public safety 4,347,108 13,409 4,360,517
<br />Public services 2,178,725 25,307 1,210,380 3,414,412
<br />Conservation of natural resources 183,392 183,392
<br />Community development 426,653 6,491 433,144
<br />Capital outlay:
<br />General government 87,104 228,895 315,999
<br />Public safety 66,587 893,831 960,418
<br />Public services 868,184 868,184
<br />Conservation of natural resources 8,247 8,247
<br />Debt service:
<br />Principal 2,360,000 1,345,000 4,353,525 8,058,525
<br />Interest and fiscal charges 60,117 68,707 17,015 494,190 640,029
<br />Total expenditures 9,243,507 2,420,117 1,413,707 17,015 25,307 8,075,883 21,195,536
<br />Revenues over (under) expenditures 1,001,120 (2,413,631) (1,126,079) (17,015) 1,626,503 (3,121,389) (4,050,491)
<br />Other financing sources (uses):
<br />Transfers in 439,373 2,187,503 1,126,057 272,506 2,959,004 6,984,443
<br />Transfers out (879,759) (7) (2,187,503) (236,548) (3,819,110) (7,122,927)
<br />Issuance of debt 311,000 311,000
<br />Proceeds from sale of capital assets 103,328 103,328
<br />Total other financing sources (uses) (440,386) 2,187,496 1,126,057 (1,914,997) (236,548) (445,778) 275,844
<br />Net change in fund balance 560,734 (226,135) (22) (1,932,012) 1,389,955 (3,567,167) (3,774,647)
<br />Fund balance -January I 6,256,191 226,135 22 (450) 6,266,200 15,082,671 27,830,769
<br />Fund balance -December 31 $6,816,925 $0 $0 ($1,932,462i $7,656,155 $11,515,504 $24,056,122
<br />The accompanying notes are an integral part of these financial statements. The accompanying notes are an integral part of these financial statements. IV-13
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