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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2018
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<br />B. EXPENDITURES IN EXCESS OF BUDGET
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<br />The following is a listing of departments within the General Fund that exceeded budget appropriations:
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<br />Final
<br />Budget Actual Overage
<br />General government:
<br />Elections $30,640 $31,311 $671
<br />Cable TV 2,500 2,728 228
<br />Legal consultants 135,000 141,407 6,407
<br />Government buildings 521,323 521,533 210
<br />Public safety:
<br />Building inspection 278,738 286,935 8,197
<br />Public services:
<br />Streets 883,161 888,558 5,397
<br />Fleet 427,452 464,915 37,463
<br />Parks 604,554 619,420 14,866
<br />Recreation 214,486 220,483 5,997
<br />Community development:
<br />Economic development 100,827 104,270 3,443
<br />Planning and zoning commission 134,852 136,816 1,964
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<br />Note 11 INTERFUND RECEIVABLES AND PAYABLES
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<br />Short-term advances to funds that have insufficient cash balances are classified as advances to/from other funds.
<br />Long-term interfund loans are classified as interfund loan receivable/payable. A summary of interfund
<br />receivables and payables at December 31, 2018 is as follows:
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<br />Receivable Payable
<br />Short-term advances:
<br />Major Funds:
<br />G.O. Improvement Note of 2009A $ - $1,418
<br />MSA Construction 1,418 -
<br />Nonmajor Funds:
<br />Closed Bond Fund 1,824 -
<br />2040 Comp Plan Update - 1,824
<br />$3,242 $3,242
<br />Long-term interfund loans:
<br />Major Funds:
<br />G.O. Improvement Bonds of 2016B $ - $2,876,643
<br />Sewer Fund 559,110 -
<br />Nonmajor Funds:
<br />Closed Bond Fund 778,413 -
<br />Building and Facilities 2,317,533 -
<br />Tax Increment Financing 1-11 - 778,413
<br />$3,655,056 $3,655,056
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