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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2011 2012 2013 2014
<br />Revenues:
<br />Property taxes $8,655,971 $8,560,340 $8,475,214 $8,612,011
<br />Licenses and permits 322,030 319,172 431,654 407,681
<br />Intergovernmental 1,331,914 5,267,570 500,963 823,025
<br />Special assessments 904,522 816,998 2,130,519 1,278,202
<br />Charges for services 812,604 744,633 717,300 731,640
<br />Fines and forfeits 154,020 155,956 119,079 149,653
<br />Investment earnings 251,244 202,825 (53,466) 265,794
<br />Miscellaneous 460,710 414,088 384,749 767,477
<br /> Total revenues 12,893,015 16,481,582 12,706,012 13,035,483
<br />Expenditures:
<br />Current:
<br />General government 1,773,515 1,619,215 1,569,722 1,692,175
<br />Public safety 3,791,329 3,861,265 3,744,957 3,845,732
<br />Public services 3,251,923 4,396,406 3,956,766 4,156,497
<br />Conservation of natural resources 134,122 176,318 134,127 149,292
<br />Community development 624,286 435,154 418,533 402,750
<br />Capital outlay 4,209,593 616,931 291,135 674,488
<br />Debt service:
<br />Principal 2,030,000 2,145,000 2,214,000 3,664,000
<br />Interest and fiscal charges 983,129 831,875 774,172 696,780
<br />Bond issuance costs - 47,054 17,137 -
<br /> Total expenditures 16,797,897 14,129,218 13,120,549 15,281,714
<br />Excess (deficiency) of revenues over expenditures (3,904,882) 2,352,364 (414,537) (2,246,231)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 50,953 4,175 16,727 1,727
<br />Insurace recovery - - - -
<br />Issuance of debt 120,000 2,165,000 808,000 3,140,000
<br />Premium on bonds issued - - 6,558 -
<br />Payment to refunded bond escrow agent - - (435,000) -
<br />Loan payable reapportionment (565,000) - - -
<br />Transfers in 2,971,715 1,979,457 1,722,541 2,608,534
<br />Transfers out (2,905,593) (1,910,435) (1,650,817) (2,539,240)
<br /> Total other financing sources (uses)(327,925) 2,238,197 468,009 3,211,021
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance ($4,232,807) $4,590,561 $53,472 $964,790
<br />Debt service as a percentage of noncapital expenditures 23.9%22.0%23.3%29.9%
<br />Debt service as a percentage of total expenditures 17.9%21.1%22.8%28.5%
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