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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 />2013 2014 2015 2016
<br />Net (expense) revenue:
<br />Governmental activities ($9,469,531) ($10,504,667) ($13,050,512) ($8,241,709)
<br />Business-type activities 213,827 199,684 2,449,785 1,079,511
<br />Total primary government, net (9,255,704) (10,304,983) (10,600,727)(7,162,198)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,563,595 8,806,886 9,243,236 9,343,500
<br />Unrestricted grants and contributions 4,442 4,443 5,363 91,385
<br />Unrestricted investment earnings (54,204) 265,695 112,961 210,142
<br />Gain on disposal of capital assets - 1,727 17,836 66,255
<br />Special item - withdrawal from fire district - - - 1,333,166
<br />Transfers (353,304)69,294 66,834 (914,414)
<br />Total governmental activities 8,160,529 9,148,045 9,446,230 10,130,034
<br />Business-type activities:
<br />Unrestricted investment earnings (44,773) 154,468 51,167 107,119
<br />Gain on disposal of capital assets - - - -
<br />Transfers 353,304 (69,294)(66,834)914,414
<br />Total business-type activities 308,531 85,174 (15,667)1,021,533
<br />Total primary government $8,469,060 $9,233,219 $9,430,563 $11,151,567
<br />Change in net position:
<br />Governmental activities ($1,309,002) ($1,356,622) ($3,604,282) $1,888,325
<br />Business-type activities 522,358 284,858 2,434,118 2,101,044
<br />Total primary government change in net position ($786,644) ($1,071,764) ($1,170,164) $3,989,369
<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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