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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2019
<br />333 G.O. 342 G.O.
<br />Improvement Improvement
<br />General Fund Note of 2009A Bonds of 2016B
<br />Revenues:
<br />General property taxes $8,160,572 $ - $ -
<br />Tax increment - - -
<br />Licenses and permits 941,569 - -
<br />Intergovernmental 645,289 - -
<br />Special assessments 751 62,605 -
<br />Charges for services 322,652 - -
<br />Fines and forfeits 98,390 - -
<br />Investment earnings 159,482 - 8,554
<br />Miscellaneous 190,279 - -
<br />Total revenues 10,518,984 62,605 8,554
<br />Expenditures:
<br />Current:
<br />General government 1,988,237 - -
<br />Public safety 4,683,296 - -
<br />Public services 2,256,496 - -
<br />Conservation of natural resources 207,919 - -
<br />Community development 453,056 - -
<br />Capital outlay:
<br />General government 969,313 - -
<br />Public safety 47,851 - -
<br />Public services 30,544 - -
<br />Debt service:
<br />Principal - - 490,000
<br />Interest and fiscal charges - - 17,585
<br />Total expenditures 10,636,712 0 507,585
<br />Revenues over (under) expenditures (117,728)62,605 (499,031)
<br />Other financing sources (uses):
<br />Insurancy recovery 711,854 - -
<br />Transfers in 256,480 - 366,450
<br />Transfers out (943,553)(62,605) -
<br />Issuance of debt - - -
<br />Proceeds from sale of capital assets - - -
<br />Total other financing sources (uses)24,781 (62,605)366,450
<br />Net change in fund balance (92,947)0 (132,581)
<br />Fund balance - January 1 6,886,142 - (2,150,105)
<br />Fund balance - December 31 $6,793,195 $0 ($2,282,686)
<br />The accompanying notes are an integral part of these financial statements.
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