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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2011 2012 2013 2014
<br />Net (expense) revenue:
<br />Governmental activities ($7,661,639) ($7,125,320) ($9,469,531) ($10,504,667)
<br />Business-type activities (18,952) 420,850 213,827 199,684
<br />Total primary government, net (7,680,591) (6,704,470) (9,255,704) (10,304,983)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,768,805 8,610,709 8,563,595 8,806,886
<br />Unrestricted grants and contributions 4,072 4,941 4,442 4,443
<br />Unrestricted investment earnings 251,250 202,828 (54,204) 265,695
<br />Gain on disposal of capital assets 37,579 4,175 - 1,727
<br />Special item - withdrawal from fire district - - - -
<br />Transfers 66,122 41,043 (353,304)69,294
<br />Total governmental activities 9,127,828 8,863,696 8,160,529 9,148,045
<br />Business-type activities:
<br />Unrestricted investment earnings 126,215 102,073 (44,773) 154,468
<br />Transfers (66,122)(41,043) 353,304 (69,294)
<br />Total business-type activities 60,093 61,030 308,531 85,174
<br />Total primary government $9,187,921 $8,924,726 $8,469,060 $9,233,219
<br />Change in net position:
<br />Governmental activities $1,466,189 $1,738,376 ($1,309,002) ($1,356,622)
<br />Business-type activities 41,141 481,880 522,358 284,858
<br />Total primary government change in net position $1,507,330 $2,220,256 ($786,644) ($1,071,764)
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
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