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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $11,013,769 during 2019. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2019 2018 2019 2018 2019 2018
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $3,141,500 $2,602,483 $2,943,723 $2,971,301 $6,085,223 $5,573,784
<br /> Operating grants and contributions 870,532 861,429 - - 870,532 861,429
<br /> Capital grants and contributions 6,820,419 5,187,023 2,894,794 1,242,032 9,715,213 6,429,055
<br />General revenues:
<br /> General property taxes 10,035,681 9,767,468 - - 10,035,681 9,767,468
<br /> Tax increment 671,296 462,223 - - 671,296 462,223
<br /> Grants and contributions not
<br /> restricted to specific programs 38,926 59,508 - - 38,926 59,508
<br /> Unrestricted investment earnings 1,029,944 369,485 523,554 213,434 1,553,498 582,919
<br /> Gain on disposal of capital assets 68,472 17,318 - - 68,472 17,318
<br />Total revenues 22,676,770 19,326,937 6,362,071 4,426,767 29,038,841 23,753,704
<br />Expenses:
<br />General government 2,466,130 2,345,386 - - 2,466,130 2,345,386
<br />Public safety 5,053,511 4,749,394 - - 5,053,511 4,749,394
<br />Public services 5,810,919 5,384,522 - - 5,810,919 5,384,522
<br />Conservation of naturual resources 183,982 201,590 - - 183,982 201,590
<br />Community development 686,421 576,794 - - 686,421 576,794
<br />Interest and fees on long-term debt 498,587 414,607 - - 498,587 414,607
<br />Water - - 1,322,811 1,332,755 1,322,811 1,332,755
<br />Sewer - - 2,002,711 1,964,471 2,002,711 1,964,471
<br /> Total expenses 14,699,550 13,672,293 3,325,522 3,297,226 18,025,072 16,969,519
<br />Increase in net position before transfers 7,977,220 5,654,644 3,036,549 1,129,541 11,013,769 6,784,185
<br />Transfers (1,311,593) (472,370) 1,311,593 472,370 - -
<br />Change in net position 6,665,627 5,182,274 4,348,142 1,601,911 11,013,769 6,784,185
<br />Net position - January 1 51,797,892 46,615,618 48,279,906 46,677,995 100,077,798 93,293,613
<br />Net position - December 31 $58,463,519 $51,797,892 $52,628,048 $48,279,906 $111,091,567 $100,077,798
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $6,665,627 during 2019.
<br />Property tax levied to reduce debt, new assessment rolls, contributions of capital assets from
<br />private sources and increased investment earnings all contributed to the increase in 2019.
<br />This increase was partially offset by transfers out to business-type activities of $1,311,593.
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