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06-05-2023 Council Work Session Packet
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06-05-2023 Council Work Session Packet
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6/7/2023 1:56:38 PM
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6/7/2023 11:13:39 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/05/2023
Council Meeting Type
Work Session Regular
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 10 <br />BUDGETARY COMPARISON SCHEDULE - GENERAL FUND Page 6 of 6 <br />For The Year Ended December 31, 2022 <br />Budgeted Amounts <br />2022 Actual <br />Amounts <br />Variance with <br />Final Budget - <br />Positive <br />(Negative) <br />Original Final <br />Expenditures: (continued) <br />Other: <br />Contingency 60,000 - - - <br />Total expenditures 11,378,012 11,241,899 11,101,749 140,150 <br />Revenues over (under) expenditures (253,250) (117,137) 220,517 337,654 <br />Other financing sources (uses): <br />Transfers in 40,000 40,000 40,000 - <br />Transfers out (286,750) (321,750) (321,750) - <br />Total other financing sources (uses)(246,750) (281,750) (281,750) - <br />Net change in fund balance ($500,000) ($398,887) (61,233) $337,654 <br />Fund balance - January 1 8,147,750 <br />Fund balance - December 31 $8,086,517 <br />See accompanying notes to the required supplementary information. <br />91
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