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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2008 2009 2010 2011
<br />Net (expense) revenue:
<br />Governmental activities ($13,467,933) ($10,518,197) ($9,999,293) ($7,661,639)
<br />Business-type activities 231,990 417,784 81,192 (18,952)
<br />Total primary government, net (13,235,943) (10,100,413) (9,918,101) (7,680,591)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 9,424,697 9,808,324 8,764,183 8,768,805
<br />Unrestricted grants and contributions 129,607 11,321 4,389 4,072
<br />Unrestricted investment earnings 576,071 429,325 225,677 251,250
<br />Gain on disposal of capital assets 12,512 12,644 - 37,579
<br />Special item - withdrawal from fire district - - - -
<br />Transfers (994,202) (136,068) (7,078) 66,122
<br />Total governmental activities 9,148,685 10,125,546 8,987,171 9,127,828
<br />Business-type activities:
<br />Unrestricted investment earnings 274,498 228,747 104,770 126,215
<br />Transfers 994,202 136,068 7,078 (66,122)
<br />Total business-type activities 1,268,700 364,815 111,848 60,093
<br />Total primary government $10,417,385 $10,490,361 $9,099,019 $9,187,921
<br />Change in net position:
<br />Governmental activities ($4,319,248) ($392,651) ($1,012,122) $1,466,189
<br />Business-type activities 1,500,690 782,599 193,040 41,141
<br />Total primary government change in net position ($2,818,558) $389,948 ($819,082) $1,507,330
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
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