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