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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 6,284 4,834 3,598 4,770
<br />Miscellaneous - - - - -
<br />Total Revenues 858,196 1,062,842 1,221,130 1,412,032 1,646,484
<br />Expenditures
<br />Current - - - - -
<br />Capital outlay 1,032,500 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 1,032,500 1,016,215 1,160,800 1,208,000 958,700
<br />Revenues Over (Under) Expenditures (174,304) 46,627 60,330 204,032 687,784
<br />Other Financing Sources (Uses)
<br />Transfers in 150,000 - - - -
<br />Transfers out - - - - -
<br />Bond proceeds - - - - -
<br />Sale of capital assets 66,979 103,250 101,622 116,080 120,800
<br />Interfund loan activity (248,820) (246,558) (244,296) (242,034) (242,034)
<br />Total Other Financing Sources (Uses)(31,841) (143,308) (142,675) (125,954) (121,234)
<br />Net Change in Cash Balance (206,145) (96,681) (82,345) 78,078 566,550
<br />Cash Balances, January 1 625,063 418,918 322,237 239,892 317,970
<br />Cash Balances, December 31 418,918$ 322,237$ 239,892$ 317,970$ 884,520$
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