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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2017 <br /> <br /> <br /> <br /> <br />Amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in <br />OPEB expense as follows: <br /> <br />Year Ended OPEB <br />December 31,Expense <br />2018 ($3,923) <br />2019 (3,923) <br />2020 (3,923) <br />2021 (3,923) <br />2022 (3,923) <br />Thereafter (31,468) <br />($51,083) <br /> <br />Note 11 STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY <br /> <br />A. DEFICIT FUND BALANCES <br /> <br />The City has deficit fund balances at December 31, 2017 as follows: <br /> <br />Fund Balance <br />Deficit <br />Nonmajor Governmental Funds: <br />G.O. Improvement Bonds of 2016B ($1,932,462) <br />Tax Increment Financing 1-11 (777,999) <br />Tax Increment Financing 1-12 (1,044) <br />2018 Street Reconstruction (197,668) <br /> The City intends to fund these deficits through future tax levies, special assessment levies, tax <br />increments, transfers from other funds, and various other sources. <br /> <br /> <br />B. EXPENDITURES IN EXCESS OF BUDGET <br /> <br />The following is a listing of departments within the General Fund that exceeded budget appropriations: <br /> <br />Final <br />Budget Actual Overage <br />General government: <br />Engineering/planning $105,706 $111,441 $5,735 <br />Government buildings 603,318 636,089 32,771 <br />Public services: <br />Parks 639,281 664,740 25,459 <br />Recreation 246,949 248,031 1,082 <br /> Additionally, actual expenditures of the Program Recreation Special Revenue Fund exceeded final <br />budgeted expenditures by $26,511. <br />78