|
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, 2018
<br />333 G.O.342 G.O.
<br />Improvement Improvement
<br />General Fund Note of 2009A Bonds of 2016B
<br />Revenues:
<br />General property taxes $8,146,307 $ - $ -
<br />Tax increment - - -
<br />Licenses and permits 1,260,046 - -
<br />Intergovernmental 651,993 - -
<br />Special assessments 1,777 644,846 -
<br />Charges for services 317,122 - -
<br />Fines and forfeits 114,991 - -
<br />Investment earnings 75,880 2,525 6,445
<br />Miscellaneous 201,956 - -
<br />Total revenues 10,770,072 647,371 6,445
<br />Expenditures:
<br />Current:
<br />General government 1,927,378 - -
<br />Public safety 4,536,585 - -
<br />Public services 2,176,523 - -
<br />Conservation of natural resources 199,026 - -
<br />Community development 451,919 - -
<br />Capital outlay:
<br />General government 54,010 - -
<br />Public safety 45,049 - -
<br />Public services 16,853 - -
<br />Debt service:
<br />Principal - - 480,000
<br />Interest and fiscal charges - - 22,225
<br />Total expenditures 9,407,343 0 502,225
<br />Revenues over (under) expenditures 1,362,729 647,371 (495,780)
<br />Other financing sources (uses):
<br />Transfers in - - 278,137
<br />Transfers out (1,293,512)(647,371) -
<br />Issuance of debt - - -
<br />Bond premium - - -
<br />Proceeds from sale of capital assets - - -
<br />Total other financing sources (uses)(1,293,512)(647,371)278,137
<br />Net change in fund balance 69,217 0 (217,643)
<br />Fund balance - January 1 6,816,925 - (1,932,462)
<br />Fund balance - December 31 $6,886,142 $0 ($2,150,105)
<br />The accompanying notes are an integral part of these financial statements.
<br />40
|