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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, 2020
<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 $8,342,663 $ - $ -
<br />Tax increment - - -
<br />Licenses and permits 972,450 - -
<br />Special assessments - 37,355 -
<br />Intergovernmental 642,220 - -
<br />Charges for services 248,882 - -
<br />Fines and forfeits 76,811 - -
<br />Investment earnings 122,482 - 3,801
<br />Miscellaneous 191,631 - -
<br />Total revenues 10,597,139 37,355 3,801
<br />Expenditures:
<br />Current:
<br />General government 2,100,186 - -
<br />Public safety 4,722,890 - -
<br />Public services 1,907,420 - -
<br />Conservation of natural resources 160,884 - -
<br />Community development 401,523 - -
<br />Capital outlay:
<br />General government - - -
<br />Public safety 14,199 - -
<br />Public services 4,010 - -
<br />Debt service:
<br />Principal - - 495,000
<br />Interest and fiscal charges - - 11,186
<br />Total expenditures 9,311,112 0 506,186
<br />Revenues over (under) expenditures 1,286,027 37,355 (502,385)
<br />Other financing sources (uses):
<br />Transfers in 380,000 - 460,402
<br />Transfers out (931,500)(37,355) -
<br />Issuance of debt - - -
<br />Premium on issuance of debt - - -
<br />Proceeds from sale of capital assets - - -
<br />Total other financing sources (uses)(551,500)(37,355)460,402
<br />Net change in fund balance 734,527 0 (41,983)
<br />Fund balance - January 1 6,793,195 - (2,282,686)
<br />Fund balance - December 31 $7,527,722 $0 ($2,324,669)
<br />The accompanying notes are an integral part of these financial statements.
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