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02-05-2024 Council Work Session Packet
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02-05-2024 Council Work Session Packet
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2/1/2024 4:18:25 PM
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2/1/2024 4:16:05 PM
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City Council
Council Document Type
Council Packet
Meeting Date
02/05/2024
Council Meeting Type
Work Session Regular
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City of Lino Lakes <br />2024-2028 Financial Plan <br />Projected Cash Balance <br />Office Equipment Replacement Fund <br />2024 2025 2026 2027 2028 <br />Estimated Estimated Estimated Estimated Estimated <br />Amounts Amounts Amounts Amounts Amounts <br />Revenues <br />Property taxes 25,000$ 25,000$ 25,000$ 25,000$ 25,000$ <br />Investment earnings 467 388 398 443 530 <br />Miscellaneous - - - - - <br />Total Revenues 25,467 25,388 25,398 25,443 25,530 <br />Expenditures <br />Current 33,329 24,393 20,880 16,744 20,636 <br />Capital outlay - - 250,000 - - <br />Debt service <br />Principal - - - - - <br />Interest - - - - - <br />Total Expenditures 33,329 24,393 270,880 16,744 20,636 <br />Revenues Over (Under) Expenditures (7,862) 995 (245,482) 8,699 4,894 <br />Other Financing Sources (Uses) <br />Transfers in - - 250,000 - - <br />Transfers out - - - - - <br />Bond proceeds - - - - - <br />Sale of capital assets - - - - - <br />Interfund loan activity - - - - - <br />Total Other Financing Sources (Uses)- - 250,000 - - <br />Net Change in Cash Balance (7,862) 995 4,518 8,699 4,894 <br />Cash Balances, January 1 46,677 38,816 39,811 44,329 53,028 <br />Cash Balances, December 31 38,816$ 39,811$ 44,329$ 53,028$ 57,922$ <br />Fund 403 <br />159 <br />48
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