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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2010 2011 2012 2013
<br />Revenues:
<br />Property taxes $8,647,488 $8,655,971 $8,560,340 $8,475,214
<br />Licenses and permits 330,138 322,030 319,172 431,654
<br />Intergovernmental 1,176,863 1,331,914 5,267,570 500,963
<br />Special assessments 851,270 904,522 816,998 2,130,519
<br />Charges for services 780,044 812,604 744,633 717,300
<br />Fines and forfeits 127,203 154,020 155,956 119,079
<br />Investment earnings 225,677 251,244 202,825 (53,466)
<br />Miscellaneous 502,992 460,710 414,088 384,749
<br /> Total revenues 12,641,675 12,893,015 16,481,582 12,706,012
<br />Expenditures:
<br />Current:
<br />General government 1,730,390 1,773,515 1,619,215 1,569,722
<br />Public safety 3,798,106 3,791,329 3,861,265 3,744,957
<br />Public services 2,848,232 3,251,923 4,396,406 3,956,766
<br />Conservation of natural resources 185,232 134,122 176,318 134,127
<br />Community development 1,098,682 624,286 435,154 418,533
<br />Capital outlay 282,938 4,209,593 616,931 291,135
<br />Debt service:
<br />Principal 1,866,000 2,030,000 2,145,000 2,214,000
<br />Interest and fiscal charges 1,042,883 983,129 831,875 774,172
<br />Bond issuance costs - - 47,054 17,137
<br /> Total expenditures 12,852,463 16,797,897 14,129,218 13,120,549
<br />Excess (deficiency) of revenues over expenditures (210,788) (3,904,882) 2,352,364 (414,537)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 20,600 50,953 4,175 16,727
<br />Insurace recovery - - - -
<br />Issuance of debt 1,170,000 120,000 2,165,000 808,000
<br />Premium on bonds issued 10,980 - - 6,558
<br />Payment to refunded bond escrow agent (965,000) - - (435,000)
<br />Loan payable reapportionment - (565,000) - -
<br />Transfers in 1,195,747 2,971,715 1,979,457 1,722,541
<br />Transfers out (1,127,625) (2,905,593) (1,910,435) (1,650,817)
<br /> Total other financing sources (uses)304,702 (327,925) 2,238,197 468,009
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance $93,914 ($4,232,807) $4,590,561 $53,472
<br />Debt service as a percentage of noncapital expenditures 23.1%23.9%22.0%23.3%
<br />Debt service as a percentage of total expenditures 22.6%17.9%21.1%22.8%
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