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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2019 <br /> <br /> <br /> <br /> <br />B. EXPENDITURES IN EXCESS OF BUDGET <br /> <br />The following is a listing of departments within the General Fund that exceeded budget appropriations: <br /> <br />Final <br />Budget Actual Overage <br />General government: <br />Administration $511,388 $513,627 $2,239 <br />Legal consultants 125,000 132,227 7,227 <br />Public services: <br />Parks 670,639 743,144 72,505 <br />Conservation of natural resources: <br />Forestry 61,897 71,280 9,383 <br />Community development: <br />Economic development 111,248 112,912 1,664 <br /> <br /> <br />Note 11 INTERFUND RECEIVABLES AND PAYABLES <br /> <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, 2019 is as follows: <br /> <br />Receivable Payable <br />Short-term advances: <br />Major Funds: <br />G.O. Improvement Note of 2009A $ - $729 <br />MSA Construction 729 - <br />Nonmajor Funds: <br />Closed Bond Fund 85,224 - <br />Cedar Street Reconstruction - 85,224 <br />$85,953 $85,953 <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 800,364 - <br />Building and Facilities 2,317,533 - <br />Tax Increment Financing 1-11 - 800,364 <br />$3,677,007 $3,677,007 <br /> <br /> <br />78