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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2012 2013 2014 2015
<br />Net (expense) revenue:
<br />Governmental activities ($7,125,320) ($9,469,531) ($10,504,667) ($13,050,512)
<br />Business-type activities 420,850 213,827 199,684 2,449,785
<br />Total primary government, net (6,704,470) (9,255,704) (10,304,983) (10,600,727)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,610,709 8,563,595 8,806,886 9,243,236
<br />Unrestricted grants and contributions 4,941 4,442 4,443 5,363
<br />Unrestricted investment earnings 202,828 (54,204) 265,695 112,961
<br />Gain on disposal of capital assets 4,175 - 1,727 17,836
<br />Special item - withdrawal from fire district - - - -
<br />Transfers 41,043 (353,304)69,294 66,834
<br />Total governmental activities 8,863,696 8,160,529 9,148,045 9,446,230
<br />Business-type activities:
<br />Unrestricted investment earnings 102,073 (44,773) 154,468 51,167
<br />Gain on disposal of capital assets - - - -
<br />Transfers (41,043) 353,304 (69,294)(66,834)
<br />Total business-type activities 61,030 308,531 85,174 (15,667)
<br />Total primary government $8,924,726 $8,469,060 $9,233,219 $9,430,563
<br />Change in net position:
<br />Governmental activities $1,738,376 ($1,309,002) ($1,356,622) ($3,604,282)
<br />Business-type activities 481,880 522,358 284,858 2,434,118
<br />Total primary government change in net position $2,220,256 ($786,644) ($1,071,764) ($1,170,164)
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
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