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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2013 2014 2015 2016
<br />Revenues:
<br />Property taxes $8,475,214 $8,612,011 $8,950,507 $9,369,090
<br />Licenses and permits 431,654 407,681 551,202 895,581
<br />Special assessments 2,130,519 1,278,202 703,141 4,400,635
<br />Intergovernmental 500,963 823,025 679,627 706,944
<br />Charges for services 717,300 731,640 696,501 1,293,556
<br />Fines and forfeits 119,079 149,653 127,803 251,653
<br />Investment earnings (53,466) 265,794 112,915 210,142
<br />Miscellaneous 384,749 767,477 766,072 417,448
<br /> Total revenues 12,706,012 13,035,483 12,587,768 17,545,049
<br />Expenditures:
<br />Current:
<br />General government 1,569,722 1,692,175 1,643,966 1,845,667
<br />Public safety 3,744,957 3,845,732 11,895,482 4,333,080
<br />Public works 3,956,766 4,156,497 4,779,696 3,203,837
<br />Culture and recreation - - - -
<br />Conservation of natural resources 134,127 149,292 191,038 201,635
<br />Community development 418,533 402,750 422,935 425,402
<br />Capital outlay 291,135 674,488 1,566,057 3,044,615
<br />Debt service:
<br />Principal 2,214,000 3,664,000 2,802,511 2,769,525
<br />Interest and fiscal charges 774,172 696,780 542,166 816,362
<br />Bond issuance costs 17,137 - 62,831 98,906
<br /> Total expenditures 13,120,549 15,281,714 23,906,682 16,739,029
<br />Revenues over (under) expenditures (414,537) (2,246,231) (11,318,914) 806,020
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 16,727 1,727 54,522 72,182
<br />Insurace recovery - - - -
<br />Issuance of debt 808,000 3,140,000 8,606,250 5,464,000
<br />Premium on bonds issued 6,558 - 114,960 41,497
<br />Payment to refunded bond escrow agent (435,000) - - -
<br />Transfers in 1,722,541 2,608,534 3,392,971 3,521,180
<br />Transfers out (1,650,817) (2,539,240) (3,336,137) (3,241,959)
<br /> Total other financing sources (uses) 468,009 3,211,021 8,832,566 5,856,900
<br />Special item - withdrawal from fire district - - - 1,111,834
<br />Net change in fund balance $53,472 $964,790 ($2,486,348) $7,774,754
<br />Debt service as a percentage of
<br />Noncapital expenditures 23.3% 29.9% 15.0% 26.2%
<br />Debt service as a percentage of
<br />Total expenditures 22.8% 28.5% 14.0% 21.4%
<br />142
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