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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $11,330,390 during 2021. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2021 2020 2021 2020 2021 2020
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $5,109,267 $2,929,965 $3,575,330 $3,144,790 $8,684,597 $6,074,755
<br /> Operating grants and contributions 1,019,752 2,470,024 - 42,152 1,019,752 2,512,176
<br /> Capital grants and contributions 7,931,093 6,894,207 752,403 2,887,266 8,683,496 9,781,473
<br />General revenues:
<br /> General property taxes 11,132,851 10,492,131 - - 11,132,851 10,492,131
<br /> Tax increment 873,310 766,912 - - 873,310 766,912
<br /> Grants and contributions not
<br /> restricted to specific programs 6,587 47,188 - - 6,587 47,188
<br /> Unrestricted investment earnings (171,260) 684,384 (86,764) 383,963 (258,024) 1,068,347
<br /> Gain on disposal of capital assets 387,972 150,041 29,012 - 416,984 150,041
<br />Total revenues 26,289,572 24,434,852 4,269,981 6,458,171 30,559,553 30,893,023
<br />Expenses:
<br />General government 2,828,407 4,197,819 - - 2,828,407 4,197,819
<br />Public safety 4,706,881 4,867,134 - - 4,706,881 4,867,134
<br />Public services 6,260,599 4,118,477 - - 6,260,599 4,118,477
<br />Conservation of naturual resources 178,581 161,556 - - 178,581 161,556
<br />Community development 791,930 660,660 - - 791,930 660,660
<br />Interest and fees on long-term debt 654,287 733,207 - - 654,287 733,207
<br />Water - - 1,621,486 1,532,282 1,621,486 1,532,282
<br />Sewer - - 2,186,992 2,199,865 2,186,992 2,199,865
<br /> Total expenses 15,420,685 14,738,853 3,808,478 3,732,147 19,229,163 18,471,000
<br />Increase in net position before transfers 10,868,887 9,695,999 461,503 2,726,024 11,330,390 12,422,023
<br />Transfers (109,774) (4,066,269) 109,774 4,066,269 - -
<br />Change in net position 10,759,113 5,629,730 571,277 6,792,293 11,330,390 12,422,023
<br />Net position - January 1 64,093,249 58,463,519 59,420,341 52,628,048 123,513,590 111,091,567
<br />Net position - December 31 $74,852,362 $64,093,249 $59,991,618 $59,420,341 $134,843,980 $123,513,590
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $10,759,113 during 2021.
<br />Contributions of capital assets from private sources, coronavirus relief grant funds, and
<br />property taxes levied to reduce debt all contributed to the increase in 2021.
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