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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 />2010 2011 2012 2013
<br />Net (expense) revenue:
<br />Governmental activities ($9,999,293) ($7,661,639) ($7,125,320) ($9,469,531)
<br />Business-type activities 81,192 (18,952) 420,850 213,827
<br />Total primary government, net (9,918,101) (7,680,591) (6,704,470) (9,255,704)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,764,183 8,768,805 8,610,709 8,563,595
<br />Unrestricted grants and contributions 4,389 4,072 4,941 4,442
<br />Unrestricted investment earnings 225,677 251,250 202,828 (54,204)
<br />Gain on disposal of capital assets - 37,579 4,175 -
<br />Special item - withdrawal from fire district - - - -
<br />Transfers (7,078)66,122 41,043 (353,304)
<br />Total governmental activities 8,987,171 9,127,828 8,863,696 8,160,529
<br />Business-type activities:
<br />Unrestricted investment earnings 104,770 126,215 102,073 (44,773)
<br />Transfers 7,078 (66,122)(41,043) 353,304
<br />Total business-type activities 111,848 60,093 61,030 308,531
<br />Total primary government $9,099,019 $9,187,921 $8,924,726 $8,469,060
<br />Change in net position:
<br />Governmental activities ($1,012,122) $1,466,189 $1,738,376 ($1,309,002)
<br />Business-type activities 193,040 41,141 481,880 522,358
<br />Total primary government change in net position ($819,082) $1,507,330 $2,220,256 ($786,644)
<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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