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IV-38CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2018 B. EXPENDITURES IN EXCESS OF BUDGET The following is a listing of departments within the General Fund that exceeded budget appropriations: Final Budget Actual ~e General government: Elections $30,640 $31,311 $671 Cable TV 2,500 2,728 228 Legal consultants 135,000 141,407 6,407 Government buildings 521,323 521,533 210 Public safety: Building inspection 278,738 286,935 8,197 Public services: Streets 883,161 888,558 5,397 Fleet 427,452 464,915 37,463 Parks 604,554 619,420 14,866 Recreation 214,486 220,483 5,997 Community development: Economic development 100,827 104,270 3,443 Planning and zoning commission 134,852 136,816 1,964 Note 11 INTERFUND RECEIVABLES AND fAYABLE§ Short-term advances to funds that have insufficient cash balances are classified as advances to/from other funds. Long-term interfimd loans are classified as interfund loan receivable/payable. A summary of interfund receivables and payables at December 31, 2018 is as follows: Receivable ~able Short-term advances: Major Funds: G.O. Improvement Note of 2009A $ $1,418 MSA Construction 1,418 Nonmajor Fonds: Closed Bond Fund 1,824 2040 Comp Plan Update 1824 $3 242 $3,242 Long-tenn interfund loans: Major Funds: G.O. Improvement Bonds of 2016B $ $2,876,643 Sewer Fund 559,110 Nonmajor Funds: Closed Bond Fund 778,413 Building and Facilities 2,317,533 Tax Increment Financing 1-11 778 413 $3,655,056 $31655,056 CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2018 Note 12 INTERFUND TRANSFERS Individual fund transfers for fiscal year 2018 are as follows: Major Funds: General Fund G.O. Improvement Note of2009A G.O. Improvement Bonds of2016B Area and Unit Charge MSA Construction 2018 Street Reconstruction Sewer Fund Nonmajor governmental funds Total Transfer In $ 278,137 38,000 647,371 510,159 2J21:,,773 $4~440 Transfer Out $1,293,512 647,371 407,022 402,776 242,145 IJTh.614 $4~440 During 2018, transfers were made to provide funding for capital improvement projects and capital outlay in accordance with the City's capital improvement plan. Transfers were also made to provide resources for debt service payments, to close capital project funds and debt service funds, and to allocate financial resources to funds that received benefit from services provided by another fund. These transfers are routine and consistent with past practices.
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