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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2009 2010 2011 2012
<br />Revenues:
<br />Property taxes $9,561,570 $8,647,488 $8,655,971 $8,560,340
<br />Licenses and permits 307,714 330,138 322,030 319,172
<br />Intergovernmental 1,259,016 1,176,863 1,331,914 5,267,570
<br />Special assessments 968,995 851,270 904,522 816,998
<br />Charges for services 778,163 780,044 812,604 744,633
<br />Fines and forfeits 111,807 127,203 154,020 155,956
<br />Investment earnings 429,325 225,677 251,244 202,825
<br />Miscellaneous 513,306 502,992 460,710 414,088
<br /> Total revenues 13,929,896 12,641,675 12,893,015 16,481,582
<br />Expenditures:
<br />Current:
<br />General government 1,918,246 1,730,390 1,773,515 1,619,215
<br />Public safety 4,122,352 3,798,106 3,791,329 3,861,265
<br />Public services 3,071,646 2,848,232 3,251,923 4,396,406
<br />Conservation of natural resources 209,466 185,232 134,122 176,318
<br />Community development 1,005,095 1,098,682 624,286 435,154
<br />Capital outlay 501,806 282,938 4,209,593 616,931
<br />Debt service:
<br />Principal 1,908,000 1,866,000 2,030,000 2,145,000
<br />Interest and fiscal charges 994,809 1,042,883 983,129 831,875
<br />Bond issuance costs - - - 47,054
<br /> Total expenditures 13,731,420 12,852,463 16,797,897 14,129,218
<br />Excess (deficiency) of revenues over expenditures 198,476 (210,788) (3,904,882) 2,352,364
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 35,700 20,600 50,953 4,175
<br />Issuance of debt 4,596,000 1,170,000 120,000 2,165,000
<br />Premium on bonds issued 11,141 10,980 - -
<br />Payment to refunded bond escrow agent - (965,000) - -
<br />Loan payable reapportionment - - (565,000) -
<br />Transfers in 1,413,985 1,195,747 2,971,715 1,979,457
<br />Transfers out (1,367,863) (1,127,625) (2,905,593) (1,910,435)
<br /> Total other financing sources (uses)4,688,963 304,702 (327,925) 2,238,197
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance $4,887,439 $93,914 ($4,232,807) $4,590,561
<br />Debt service as a percentage of noncapital expenditures 21.9%23.1%23.9%22.0%
<br />Debt service as a percentage of total expenditures 21.1%22.6%17.9%21.1%
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