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City of Lino Lakes
<br />2024-2028 Financial Plan
<br />Projected Cash Balance
<br />Capital Equipment Replacement Fund
<br />Fund 402
<br />2024 2025 2026 2027 2028
<br />Estimated Estimated Estimated Estimated Estimated
<br />Amounts Amounts Amounts Amounts Amounts
<br />Revenues
<br />Property taxes 600,000$ 810,000$ 972,000$ 1,166,400$ 1,399,680$
<br />Property taxes - water tenders 248,820 246,558 244,296 242,034 242,034
<br />Investment earnings 9,376 940 (56) (1,364) (267)
<br />Miscellaneous - - ---
<br />Total Revenues 858,196 1,057,498 1,216,240 1,407,070 1,641,447
<br />Expenditures
<br />Current - - - - -
<br />Capital outlay 1,388,730 1,016,215 1,160,800 1,208,000 958,700
<br />Fire water tenders - - - - -
<br />Debt service
<br />Principal - - - - -
<br />Interest - - - - -
<br />Total Expenditures 1,388,730 1,016,215 1,160,800 1,208,000 958,700
<br />Revenues Over (Under) Expenditures (530,534) 41,283 55,440 199,070 682,747
<br />Other Financing Sources (Uses)
<br />Transfers in 150,000 - - - -
<br />Transfers out - - - - -
<br />Bond proceeds - - - - -
<br />Sale of capital assets 66,979 138,873 101,622 116,080 120,800
<br />Interfund loan activity (248,820) (246,558) (244,296) (242,034) (242,034)
<br />Total Other Financing Sources (Uses)(31,841) (107,685) (142,675) (125,954) (121,234)
<br />Net Change in Cash Balance (562,375) (66,402) (87,234) 73,116 561,513
<br />Cash Balances, January 1 625,063 62,688 (3,714) (90,948) (17,832)
<br />Cash Balances, December 31 62,688$ (3,714)$ (90,948)$ (17,832)$ 543,680$
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