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City of Lino Lakes
<br />General Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended September 30, 2023 Percent
<br />Received or
<br />Expended
<br />Budget Actuals Variance - Based on
<br />Annual Thru Thru Favorable Budget Thru
<br />Budget 09/30/2023 09/30/2023 (Unfavorable) 09/30/2023
<br />Revenues
<br />Property Taxes 9,734,585$ 7,300,939$ 5,081,211$ (2,219,728)$ *69.6 %
<br />Special assessments - - 777 777 -
<br />Licenses and Permits 1,103,401 827,551 829,831 2,280 100.3
<br />Intergovernmental Revenue 687,417 515,563 698,806 183,243 (1) 135.5
<br />Charges For Services 292,422 219,317 210,896 (8,420) 96.2
<br />Fines & Forfeits 101,100 75,825 62,421 (13,404) 82.3
<br />Investment Income 30,000 22,500 145,401 122,901 (2) 646.2
<br />Miscellaneous Revenue 208,491 156,368 167,909 11,541 107.4
<br />Transfers In 20,000 15,000 20,000 5,000 133.3
<br /> Total Revenues 12,177,416 9,133,062 7,217,252 (1,915,810) 79.0
<br />Expenditures
<br />Mayor & Council 104,155 78,116 67,789 10,327 86.8
<br />Administration 682,512 511,884 411,425 100,459 80.4
<br />Elections 20,750 15,563 5,002 10,561 32.1
<br />Charter Administration 7,463 5,597 159 5,438 2.8
<br />Finance 686,582 514,937 531,265 (16,329) 103.2
<br />Legal Consultants 138,000 103,500 116,813 (13,313) 112.9
<br />Economic Development 125,284 93,963 60,008 33,955 (3)63.9
<br />Planning & Zoning 174,211 130,658 105,191 25,467 80.5
<br />Engineering 96,354 72,266 57,741 14,524 79.9
<br />Community Development 202,022 151,517 151,342 174 99.9
<br />Police 4,768,078 3,576,059 3,365,785 210,274 94.1
<br />Fire 959,909 719,932 681,971 37,960 94.7
<br />Building Inspections 503,763 377,822 369,365 8,457 97.8
<br />Streets 998,965 749,224 703,103 46,120 93.8
<br />Fleet Management 664,251 498,188 582,743 (84,555) 117.0
<br />Government Buildings 572,410 429,308 470,515 (41,208) 109.6
<br />Parks 1,013,940 760,455 573,433 187,022 (4)75.4
<br />Recreation - - - - -
<br />Environmental 60,364 45,273 30,570 14,703 67.5
<br />Solid Waste 82,214 61,661 79,359 (17,698) (5) 128.7
<br />Forestry 82,189 61,642 62,171 (530) 100.9
<br />Other 234,000 175,500 - 175,500 (6)-
<br /> Total Expenditures 12,177,416 9,133,062 8,425,754 707,308 92.3
<br />Revenues Over
<br />(Under) Expenditures -$ -$ (1,208,502)$ (1,208,502)$
<br />* Property tax settlements are received from Anoka County in July (with 70% advance in June) and December.
<br />Item Explanation of items with variance greater than $15,000 and percentage less than 80% or greater than 120%
<br />(1) Favorable variance due to Municipal State Aid (MSA) for street maintenance and Police State Aid received in full. Aside from MSA,
<br />which is $8K under the annual budget, all intergovernmental revenues should end the year at or above budget.
<br />(2) Interest rates are favorable and surpassing budget expectations. See Investments Summary for Portfolio YTM.
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