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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2017
<br />327 G.O.
<br />Improvement
<br />General Fund Bonds of 2005A
<br />Revenues:
<br />General property taxes $7,338,876 $ -
<br />Tax increment - -
<br />Licenses and permits 1,447,571 -
<br />Intergovernmental 667,520 -
<br />Special assessments 4,293 -
<br />Charges for services 302,038 -
<br />Fines and forfeits 147,977 -
<br />Investment earnings 40,913 6,486
<br />Miscellaneous 295,439 -
<br />Total revenues 10,244,627 6,486
<br />Expenditures:
<br />Current:
<br />General government 1,945,691 -
<br />Public safety 4,347,108 -
<br />Public services 2,178,725 -
<br />Conservation of natural resources 183,392 -
<br />Community development 426,653 -
<br />Capital outlay:
<br />General government 87,104 -
<br />Public safety 66,587 -
<br />Public services - -
<br />Conservation of natural resources 8,247 -
<br />Debt service:
<br />Principal - 2,360,000
<br />Interest and fiscal charges - 60,117
<br />Total expenditures 9,243,507 2,420,117
<br />Revenues over (under) expenditures 1,001,120 (2,413,631)
<br />Other financing sources (uses):
<br />Transfers in 439,373 2,187,503
<br />Transfers out (879,759)(7)
<br />Issuance of debt - -
<br />Proceeds from sale of capital assets - -
<br />Total other financing sources (uses)(440,386)2,187,496
<br />Net change in fund balance 560,734 (226,135)
<br />Fund balance - January 1 6,256,191 226,135
<br />Fund balance - December 31 $6,816,925 $0
<br />The accompanying notes are an integral part of these financial statements.
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