|
IV-6Management's Discussion and Analysis The City's net position increased by $6,784,185 during 2018. Key elements of this increase are as follows: City of Lino Lakes' Changes in Net Position Governmental Activities Business-Te Activitiea Total, 2018 2017 2018 2017 2018 2017 Revenues: Program revenues: Charges for services $2,602,483 $3,600,902 $2,971,301 $2,849,797 $5,573,784 $6,450,699 Operating grants and contnbutions 861,429 1,106,014 861,429 1,106,014 Capital gmnb and oontnbution, 5,187,023 4,141,383 1,242,032 836,029 6,429.055 4,977,412 General revenues: General property taxes 9,767,468 9,441,819 9,767,468 9,441,819 Tax Increment 462,223 312,152 462,223 312,152 Grants and contributions not restricted to specific programs 59,508 181,712 59,508 181,712 Unrestricted investment earnings 369,485 207,792 213,434 106,488 582,919 314,280 Gain on disposal of capital assets 17318 38,022 17 318 -----1!,!!B Total revenues 19J26,937 19,029,796 4,426,767 3~14 23,753,704 22.822.II<I_ Expenses, General government 2,345,386 2,395,633 2,345,386 2,395,633 Public safety 4,749,394 5,166,538 4,749,394 5,166,538 Public services 5,384,522 5,492,395 5,384,522 5,492,395 Conservation of naturual resources 201,590 200,016 201,590 200,016 Community development 576,794 459,455 576.794 459,455 lntereat and fees DD. long-term debt 414,607 518,897 414,607 518,897 w-1,332,755 1,245,249 1,332,755 1,245,249 Sewer 1,964,471 119011s21 1,964,471 ~ To1Bl expen,e, 13,072,a93 t4,a32,934 3.297.226 3,147,070 16.969,519 17,380,004 Increase in net position before transfers 5,654,644 4,796,862 1,129,541 645,244 6,784,185 5,442,106 Transfer, (472,370l '3081694l 472370 ~ Change in net position s11B21214 41488,168 116011911 953 938 6,784,185 5,442,106 Net position-January 1, as previously reported 46,615,618 42,819,930 46,677,995 45,724,057 93,293,613 88,543,987 Prior period adjustment ~480l ~480l Net position -January 1, as restated 4616151618 421127.450 46.677/195 4517241057 93,2931613 s11ss11s01 Net position -December 31 $51,797,892 S46.6IS16I8 $48,279,906 $46,611.995 SI00,077,798 $93,293,611 Governmental Activities Governmental activities increased the City's net position by $5,182,274 during 2018. The cumulative effect of decreased charges for services, increased capital grants and contributions, and a decrease in public safety expenses account for the increase in 2018. This increase was partially offset by transfers out to business-type activities of$472,370. Management's Discussion and Analysis Below are specific graphs which provide comparisons of the governmental activities revenues and expenses: Governmental Activities -Revenues a,,q,,.r.,,...-"" """'-"" Governmental Activities -Expenses Pubk Semi!• ,,,. c--... ..... ._ ""
|