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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2008 2009 2010 2011
<br />Revenues:
<br />Property taxes $9,095,085 $9,561,570 $8,647,488 $8,655,971
<br />Licenses and permits 802,135 307,714 330,138 322,030
<br />Intergovernmental 1,004,476 1,259,016 1,176,863 1,331,914
<br />Special assessments 950,188 968,995 851,270 904,522
<br />Charges for services 872,534 778,163 780,044 812,604
<br />Fines and forfeits 133,531 111,807 127,203 154,020
<br />Investment earnings 576,071 429,325 225,677 251,244
<br />Miscellaneous 516,415 513,306 502,992 460,710
<br /> Total revenues 13,950,435 13,929,896 12,641,675 12,893,015
<br />Expenditures:
<br />Current:
<br />General government 2,058,267 1,918,246 1,730,390 1,773,515
<br />Public safety 3,806,389 4,122,352 3,798,106 3,791,329
<br />Public services 6,575,568 3,071,646 2,848,232 3,251,923
<br />Conservation of natural resources 183,024 209,466 185,232 134,122
<br />Community development 1,113,232 1,005,095 1,098,682 624,286
<br />Capital outlay 585,875 501,806 282,938 4,209,593
<br />Debt service:
<br />Principal 1,749,000 1,908,000 1,866,000 2,030,000
<br />Interest and fiscal charges 1,074,052 994,809 1,042,883 983,129
<br />Bond issuance costs - - - -
<br /> Total expenditures 17,145,407 13,731,420 12,852,463 16,797,897
<br />Excess (deficiency) of revenues over expenditures (3,194,972) 198,476 (210,788) (3,904,882)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 13,750 35,700 20,600 50,953
<br />Issuance of debt 209,000 4,596,000 1,170,000 120,000
<br />Premium on bonds issued - 11,141 10,980 -
<br />Payment to refunded bond escrow agent - - (965,000) -
<br />Loan payable reapportionment - - - (565,000)
<br />Transfers in 4,763,391 1,413,985 1,195,747 2,971,715
<br />Transfers out (4,796,159) (1,367,863) (1,127,625) (2,905,593)
<br /> Total other financing sources (uses)189,982 4,688,963 304,702 (327,925)
<br />Special item - withdrawal from fire district - - - -
<br />Net change in fund balance ($3,004,990) $4,887,439 $93,914 ($4,232,807)
<br />Debt service as a percentage of noncapital expenditures 17.0%21.9%23.1%23.9%
<br />Debt service as a percentage of total expenditures 16.5%21.1%22.6%17.9%
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