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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2021
<br />333 G.O.342 G.O.
<br />Improvement Improvement
<br />General Fund Note of 2009A Bonds of 2016B
<br />Revenues:
<br />General property taxes $9,280,331 $ - $ -
<br />Tax increment - - -
<br />Licenses and permits 1,400,755 - -
<br />Special assessments - 65,680 -
<br />Intergovernmental 626,279 - -
<br />Charges for services 337,291 - -
<br />Fines and forfeits 73,206 - -
<br />Investment earnings (50,817)(209)(202)
<br />Miscellaneous 244,329 - -
<br />Total revenues 11,911,374 65,471 (202)
<br />Expenditures:
<br />Current:
<br />General government 2,074,782 - -
<br />Public safety 4,970,207 - -
<br />Public services 2,227,570 - -
<br />Conservation of natural resources 182,247 - -
<br />Community development 481,333 - -
<br />Capital outlay:
<br />General government 8,873 - -
<br />Public safety 3,100 - -
<br />Public services 392,121 - -
<br />Debt service:
<br />Principal - - 510,000
<br />Interest and fiscal charges - - 4,276
<br />Total expenditures 10,340,233 0 514,276
<br />Revenues over (under) expenditures 1,571,141 65,471 (514,478)
<br />Other financing sources (uses):
<br />Transfers in - - 369,065
<br />Transfers out (951,113)(65,330) -
<br />Issuance of debt - - -
<br />Premium on issuance of debt - - -
<br />Proceeds from sale of capital assets - - -
<br />Total other financing sources (uses)(951,113)(65,330)369,065
<br />Net change in fund balance 620,028 141 (145,413)
<br />Fund balance - January 1 7,527,722 - (2,324,669)
<br />Fund balance - December 31 $8,147,750 $141 ($2,470,082)
<br />The accompanying notes are an integral part of these financial statements.
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