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Management’s Discussion and Analysis
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<br />
<br />more than offset by greater than anticipated license and permit revenues, intergovernmental
<br />revenue, charges for services, and investment earnings.
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<br />Expenditures came in under budget by $168,830 due to many factors including lower than
<br />expected personal service costs from vacant positions and favorable professional and
<br />contracted service activity. Fuel costs were much higher than anticipated due to an increase
<br />in the average fuel price, as well as an increase in the number of snow events. Professional
<br />and contracted service activity in parks was much higher than anticipated due to costs
<br />associated with council initiated projects that were not originally planned for in 2019.
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<br />Capital Asset and Debt Administration
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<br />Capital assets. The City’s investment in capital assets for its governmental and business-
<br />type activities as of December 31, 2019, amounted to $86,250,504 (net of accumulated
<br />depreciation), an increase of $9,438,858 from the prior year. This investment in capital
<br />assets includes land, wetland credits, construction in progress, buildings, equipment,
<br />vehicles, and infrastructure. The City completed land preparation activities for NorthPointe
<br />Park and trunk watermain and trail improvements along Lake Drive in 2019. The City has
<br />continued to work to complete trunk utility improvements at 49&J, drainage improvements
<br />in the NE Area of the City, Water Tower #3, Phase II of the controls automation upgrade at
<br />the Civic Complex, Woods Edge Park improvements, and street and utility improvements in
<br />the West Shadow Lake Drive and LaMotte areas. In addition, the City started Civic
<br />Complex card access system upgrades, Woods of Baldwin Park improvements, Apollo Drive
<br />Trail improvements, Pheasant Hills watermain improvements, Well House #1 Rehabilitation
<br />improvements, Cedar Street Reconstruction improvements, and the purchase and build-out of
<br />two public safety vehicles. Developer lead infrastructure improvements at various stages of
<br />completion include St Clair Estates, NorthPointe 6th and 7th Additions, Saddle Club
<br />3rdAddition, Century Farms 7th Addition, Chavez Estates, Eastside Villas, and Watermark.
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<br />City of Lino Lakes’ Capital Assets
<br />(Net of Depreciation)
<br />
<br />2019 2018 2019 2018 2019 2018
<br />Land $3,532,930 $3,320,059 $ - $ - $3,532,930 $3,320,059
<br />Wetland credits 170,421 167,224 - - 170,421 167,224
<br />Construction in progress 10,094,933 3,595,457 6,123,837 1,623,032 16,218,770 5,218,489
<br />Buildings 6,983,477 6,375,432 10,157 - 6,993,634 6,375,432
<br />Office equipment and furniture 233,176 270,711 - - 233,176 270,711
<br />Vehicles 1,842,573 1,945,189 - - 1,842,573 1,945,189
<br />Machinery and shop equipment 1,087,529 1,226,246 139,603 161,538 1,227,132 1,387,784
<br />Other equipment 835,192 330,618 - - 835,192 330,618
<br />Infrastructure 25,079,453 26,971,631 30,117,223 30,924,509 55,196,676 57,896,140
<br /> Total $49,859,684 $44,202,567 $36,390,820 $32,709,079 $86,250,504 $76,911,646
<br />Governmental Activities Business-Type Activities Totals
<br />Additional information on the City’s capital assets can be found in Note 5 to the financial
<br />statements.
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