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Management’s Discussion and Analysis
<br />
<br />
<br />The City’s net position increased by $5,442,106 during 2017. Key elements of this increase
<br />are as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />2017 2016 2017 2016 2017 2016
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $3,600,902 $2,744,984 $2,849,797 $2,754,219 $6,450,699 $5,499,203
<br /> Operating grants and contributions 1,106,014 722,858 - - 1,106,014 722,858
<br /> Capital grants and contributions 4,141,383 5,046,307 836,029 1,543,947 4,977,412 6,590,254
<br />General revenues:
<br /> General property taxes 9,441,819 9,049,671 - - 9,441,819 9,049,671
<br /> Tax increment 312,152 293,829 - - 312,152 293,829
<br /> Grants and contributions not
<br /> restricted to specific programs 181,712 91,385 - - 181,712 91,385
<br /> Unrestricted investment earnings 207,792 210,142 106,488 107,119 314,280 317,261
<br /> Gain on disposal of capital assets 38,022 66,255 - - 38,022 66,255
<br />Total revenues 19,029,796 18,225,431 3,792,314 4,405,285 22,822,110 22,630,716
<br />Expenses:
<br />General government 2,395,633 2,456,864 - - 2,395,633 2,456,864
<br />Public safety 5,166,538 6,567,523 - - 5,166,538 6,567,523
<br />Public services 5,492,395 6,228,893 - - 5,492,395 6,228,893
<br />Conservation of naturual resources 200,016 216,905 - - 200,016 216,905
<br />Community development 459,455 454,144 - - 459,455 454,144
<br />Interest and fees on long-term debt 518,897 831,529 - - 518,897 831,529
<br />Water - - 1,245,249 1,367,693 1,245,249 1,367,693
<br />Sewer - - 1,901,821 1,850,962 1,901,821 1,850,962
<br /> Total expenses 14,232,934 16,755,858 3,147,070 3,218,655 17,380,004 19,974,513
<br />Increase in net position before
<br />special item and transfers 4,796,862 1,469,573 645,244 1,186,630 5,442,106 2,656,203
<br />Special item - 1,333,166 - - - 1,333,166
<br />Transfers (308,694) (914,414) 308,694 914,414 - -
<br />Change in net position 4,488,168 1,888,325 953,938 2,101,044 5,442,106 3,989,369
<br />Net position - January 1, as previously reported 42,819,930 40,754,159 45,724,057 43,800,459 88,543,987 84,554,618
<br />Prior period adjustment (692,480) 177,446 - (177,446) (692,480) -
<br />Net position - January 1, as restated 42,127,450 40,931,605 45,724,057 43,623,013 87,851,507 84,554,618
<br />Net position - December 31 $46,615,618 $42,819,930 $46,677,995 $45,724,057 $93,293,613 $88,543,987
<br />Business-Type Activities TotalsGovernmental Activities
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $4,488,168 during 2017. The
<br />cumulative effect of increased charges for services and decreases in public safety expenses
<br />and public services spending account for the increase in 2017. This increase was partially
<br />offset by transfers out to business-type activities of $308,694.
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