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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $6,784,185 during 2018. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2018 2017 2018 2017 2018 2017
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $2,602,483 $3,600,902 $2,971,301 $2,849,797 $5,573,784 $6,450,699
<br /> Operating grants and contributions 861,429 1,106,014 - - 861,429 1,106,014
<br /> Capital grants and contributions 5,187,023 4,141,383 1,242,032 836,029 6,429,055 4,977,412
<br />General revenues:
<br /> General property taxes 9,767,468 9,441,819 - - 9,767,468 9,441,819
<br /> Tax increment 462,223 312,152 - - 462,223 312,152
<br /> Grants and contributions not
<br /> restricted to specific programs 59,508 181,712 - - 59,508 181,712
<br /> Unrestricted investment earnings 369,485 207,792 213,434 106,488 582,919 314,280
<br /> Gain on disposal of capital assets 17,318 38,022 - - 17,318 38,022
<br />Total revenues 19,326,937 19,029,796 4,426,767 3,792,314 23,753,704 22,822,110
<br />Expenses:
<br />General government 2,345,386 2,395,633 - - 2,345,386 2,395,633
<br />Public safety 4,749,394 5,166,538 - - 4,749,394 5,166,538
<br />Public services 5,384,522 5,492,395 - - 5,384,522 5,492,395
<br />Conservation of naturual resources 201,590 200,016 - - 201,590 200,016
<br />Community development 576,794 459,455 - - 576,794 459,455
<br />Interest and fees on long-term debt 414,607 518,897 - - 414,607 518,897
<br />Water - - 1,332,755 1,245,249 1,332,755 1,245,249
<br />Sewer - - 1,964,471 1,901,821 1,964,471 1,901,821
<br /> Total expenses 13,672,293 14,232,934 3,297,226 3,147,070 16,969,519 17,380,004
<br />Increase in net position before transfers 5,654,644 4,796,862 1,129,541 645,244 6,784,185 5,442,106
<br />Transfers (472,370) (308,694) 472,370 308,694 - -
<br />Change in net position 5,182,274 4,488,168 1,601,911 953,938 6,784,185 5,442,106
<br />Net position - January 1, as previously reported 46,615,618 42,819,930 46,677,995 45,724,057 93,293,613 88,543,987
<br />Prior period adjustment - (692,480) - - (692,480)
<br />Net position - January 1, as restated 46,615,618 42,127,450 46,677,995 45,724,057 93,293,613 87,851,507
<br />Net position - December 31 $51,797,892 $46,615,618 $48,279,906 $46,677,995 $100,077,798 $93,293,613
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $5,182,274 during 2018. The
<br />cumulative effect of decreased charges for services, increased capital grants and
<br />contributions, and a decrease in public safety expenses account for the increase in 2018. This
<br />increase was partially offset by transfers out to business-type activities of $472,370.
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