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<br /> <br />Profile of the Government <br />The City of Lino Lakes, incorporated in 1955, is a growing community in the southeast corner of Anoka <br />County. It covers an area of 33 square miles and had a population of 21,399 as of the 2020 census. The <br />population has more than doubled from the 1990 census figure of 8,807 and has grown by 27.4% since <br />2000. Within the City’s borders lies the 2,550 acre Rice Creek Chain of Lakes Regional Park. Access to St. <br />Paul and Minneapolis is provided by I-35W and I-35E. <br /> <br />The City Charter, as amended, establishes a mayor-council form of government and grants the city council <br />full policy-making and legislative authority to the mayor and four council members. The City council is <br />responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and <br />hiring a City administrator. The City administrator has the responsibility of carrying out the policies and <br />ordinances of the City council and for overseeing the day-to-day operations of the City. The City council <br />is elected at-large on a non-partisan basis, with council members serving four-year terms and the mayor <br />serving a two-year term. Elections are held every two years with two council seats and the mayor being up <br />for election each election cycle. <br /> <br />The City provides a full range of municipal services. These services include: general government, public <br />safety (police, fire and building inspections), public services (streets, fleet, parks and recreation), <br />conservation of natural resources (forestry, environmental and solid waste abatement), community <br />development, public improvements, and providing and maintaining water, sanitary sewer, and storm sewer <br />infrastructure. <br /> <br />The annual budget is the foundation for the City of Lino Lakes’ financial planning and control. All <br />departments are required to submit appropriations requests to the City administrator for review and <br />consolidation into a proposed budget. The City administrator is responsible for submitting the proposed <br />annual budget to the City Council in August of each year. The city council is required to hold a public <br />hearing on the proposed budget and to adopt by resolution a final budget and certify it no later than <br />December 30. The budget amounts cannot increase beyond the estimated receipts except to the extent that <br />actual receipts exceed the estimate. Department directors may make transfers of appropriations within a <br />department, but transfers of appropriations between departments require council approval. A budget-to- <br />actual comparison for the General Fund, the only fund for which an annual budget has been adopted, is <br />provided in Statement 10. <br />Factors Affecting Financial Condition <br />The information presented in the financial statements is perhaps best understood when it is considered from <br />the broader perspective of the specific environment within which the City of Lino Lakes operates. <br /> <br />Local economy. Infrastructure investments made by the City in the late 2000’s and early 2010’s in <br />anticipation of a strengthening economy, are leading to continued residential, commercial and industrial <br />growth. Completion of the 35E/CSAH 14 interchange has spurred residential, commercial and industrial <br />development along this corridor. The City’s largest residential development, the 864 lot Watermark project, <br />is currently under construction in the northeast quadrant. Commercial interest continues to grow with the <br />expansion of the Main Street Shoppes, Otter Crossing, and Belland Farms developments in the northeast <br />quadrant. <br /> <br />4