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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2012 2013 2014 2015
<br />Revenues:
<br />Property taxes $8,560,340 $8,475,214 $8,612,011 $8,950,507
<br />Licenses and permits 319,172 431,654 407,681 551,202
<br />Intergovernmental 5,267,570 500,963 823,025 679,627
<br />Special assessments 816,998 2,130,519 1,278,202 703,141
<br />Charges for services 744,633 717,300 731,640 696,501
<br />Fines and forfeits 155,956 119,079 149,653 127,803
<br />Investment earnings 202,825 (53,466) 265,794 112,915
<br />Miscellaneous 414,088 384,749 767,477 766,072
<br /> Total revenues 16,481,582 12,706,012 13,035,483 12,587,768
<br />Expenditures:
<br />Current:
<br />General government 1,619,215 1,569,722 1,692,175 1,643,966
<br />Public safety 3,861,265 3,744,957 3,845,732 11,895,482
<br />Public services 4,396,406 3,956,766 4,156,497 4,779,696
<br />Conservation of natural resources 176,318 134,127 149,292 191,038
<br />Community development 435,154 418,533 402,750 422,935
<br />Capital outlay 616,931 291,135 674,488 1,566,057
<br />Debt service:
<br />Principal 2,145,000 2,214,000 3,664,000 2,802,511
<br />Interest and fiscal charges 831,875 774,172 696,780 542,166
<br />Bond issuance costs 47,054 17,137 - 62,831
<br /> Total expenditures 14,129,218 13,120,549 15,281,714 23,906,682
<br />Excess (deficiency) of revenues over expenditures 2,352,364 (414,537) (2,246,231) (11,318,914)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 4,175 16,727 1,727 54,522
<br />Insurace recovery - - - -
<br />Issuance of debt 2,165,000 808,000 3,140,000 8,606,250
<br />Premium on bonds issued - 6,558 - 114,960
<br />Payment to refunded bond escrow agent - (435,000) - -
<br />Transfers in 1,979,457 1,722,541 2,608,534 3,392,971
<br />Transfers out (1,910,435) (1,650,817) (2,539,240)(3,336,137)
<br /> Total other financing sources (uses)2,238,197 468,009 3,211,021 8,832,566
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance $4,590,561 $53,472 $964,790 ($2,486,348)
<br />Debt service as a percentage of noncapital expenditures 22.0%23.3%29.9%15.0%
<br />Debt service as a percentage of total expenditures 21.1%22.8%28.5%14.0%
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