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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2009 2010 2011 2012
<br />Net (expense) revenue:
<br />Governmental activities ($10,518,197) ($9,999,293) ($7,661,639) ($7,125,320)
<br />Business-type activities 417,784 81,192 (18,952) 420,850
<br />Total primary government, net (10,100,413) (9,918,101) (7,680,591) (6,704,470)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 9,808,324 8,764,183 8,768,805 8,610,709
<br />Unrestricted grants and contributions 11,321 4,389 4,072 4,941
<br />Unrestricted investment earnings 429,325 225,677 251,250 202,828
<br />Gain on disposal of capital assets 12,644 - 37,579 4,175
<br />Special item - withdrawal from fire district - - - -
<br />Transfers (136,068)(7,078)66,122 41,043
<br />Total governmental activities 10,125,546 8,987,171 9,127,828 8,863,696
<br />Business-type activities:
<br />Unrestricted investment earnings 228,747 104,770 126,215 102,073
<br />Transfers 136,068 7,078 (66,122)(41,043)
<br />Total business-type activities 364,815 111,848 60,093 61,030
<br />Total primary government $10,490,361 $9,099,019 $9,187,921 $8,924,726
<br />Change in net position:
<br />Governmental activities ($392,651) ($1,012,122) $1,466,189 $1,738,376
<br />Business-type activities 782,599 193,040 41,141 481,880
<br />Total primary government change in net position $389,948 ($819,082) $1,507,330 $2,220,256
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
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