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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $4,094,495 during 2022. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2022 2021 2022 2021 2022 2021
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $4,937,133 $5,109,267 $4,283,680 $3,575,330 $9,220,813 $8,684,597
<br /> Operating grants and contributions 1,119,449 1,019,752 - - 1,119,449 1,019,752
<br /> Capital grants and contributions 2,800,604 7,931,093 5,268,556 752,403 8,069,160 8,683,496
<br />General revenues:
<br /> General property taxes 11,829,124 11,132,851 - - 11,829,124 11,132,851
<br /> Tax increment 793,264 873,310 - - 793,264 873,310
<br /> Grants and contributions not
<br /> restricted to specific programs 2,117,908 6,587 - - 2,117,908 6,587
<br /> Unrestricted investment earnings (1,139,063) (171,260) (645,918) (86,764) (1,784,981) (258,024)
<br /> Gain on disposal of capital assets 66,852 387,972 - 29,012 66,852 416,984
<br />Total revenues 22,525,271 26,289,572 8,906,318 4,269,981 31,431,589 30,559,553
<br />Expenses:
<br />General government 3,117,688 2,828,407 - - 3,117,688 2,828,407
<br />Public safety 6,512,493 4,706,881 - - 6,512,493 4,706,881
<br />Public works 6,377,440 6,260,599 - - 6,377,440 6,260,599
<br />Culture and recreation 4,029,146 - - - 4,029,146 -
<br />Conservation of natural resources 235,376 178,581 - - 235,376 178,581
<br />Community development 884,336 791,930 - - 884,336 791,930
<br />Interest and fees on long-term debt 562,248 654,287 - - 562,248 654,287
<br />Water - - 3,019,350 1,621,486 3,019,350 1,621,486
<br />Sewer - - 2,347,539 2,186,992 2,347,539 2,186,992
<br />Storm water - - 251,478 - 251,478 -
<br /> Total expenses 21,718,727 15,420,685 5,618,367 3,808,478 27,337,094 19,229,163
<br />Increase in net position before transfers 806,544 10,868,887 3,287,951 461,503 4,094,495 11,330,390
<br />Transfers (1,142,554) (109,774) 1,142,554 109,774 - -
<br />Change in net position (336,010) 10,759,113 4,430,505 571,277 4,094,495 11,330,390
<br />Net position - January 1, as previously
<br />reported 74,852,362 64,093,249 59,991,618 59,420,341 134,843,980 123,513,590
<br />Change in reporting entity - See Note 18 55,157 - (55,157) - - -
<br />Net position - January 1, as restated 74,907,519 64,093,249 59,936,461 59,420,341 134,843,980 123,513,590
<br />Net position - December 31 $74,571,509 $74,852,362 $64,366,966 $59,991,618 $138,938,475 $134,843,980
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities decreased the City’s net position by $336,010 during 2022.
<br />Unrealized losses on investments and capital contributions (transfers) to business-type
<br />activities both contributed to the decrease in 2022.
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