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City of Lino Lakes
<br />General Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2024 Percent
<br />Received or
<br />Expended
<br />Budget Actuals Variance - Based on
<br />Annual Thru Thru Favorable Budget Thru
<br />Budget 03/31/2024 03/31/2024 (Unfavorable) 03/31/2024
<br />Revenues
<br />Property Taxes 10,429,606$ 2,607,402$ -$ (2,607,402)$ *- %
<br />Other Taxes 185,000 46,250 38,472 (7,778) 83.2
<br />Licenses and Permits 1,097,415 274,354 222,241 (52,113) 81.0
<br />Intergovernmental Revenue 692,622 173,156 147,057 (26,099) 84.9
<br />Charges For Services 456,325 114,081 100,141 (13,940) 87.8
<br />Fines & Forfeits 76,000 19,000 25,864 6,864 136.1
<br />Investment Income 30,000 7,500 60,811 53,311 (1) 810.8
<br />Miscellaneous Revenue 32,000 8,000 8,251 251 103.1
<br />Transfers In 20,000 5,000 20,000 15,000 400.0
<br /> Total Revenues 13,018,968 3,254,742 622,836 (2,631,906) 19.1
<br />Expenditures
<br />Mayor & Council 109,274 27,319 13,733 13,585 50.3
<br />Administration 712,764 178,191 170,207 7,984 95.5
<br />Elections 49,000 12,250 13,943 (1,693) 113.8
<br />Charter Administration 8,920 2,230 - 2,230 -
<br />Finance 748,840 187,210 167,761 19,449 89.6
<br />Legal Consultants 138,000 34,500 36,963 (2,463) 107.1
<br />Economic Development 98,135 24,534 10,941 13,592 44.6
<br />Planning & Zoning 181,529 45,382 38,360 7,022 84.5
<br />Engineering 97,463 24,366 12,384 11,982 50.8
<br />Community Development 308,682 77,171 51,365 25,806 (2)66.6
<br />Police 5,062,622 1,265,656 1,313,847 (48,192) 103.8
<br />Fire 1,094,025 273,506 315,166 (41,660) 115.2
<br />Building Inspections 537,078 134,270 110,119 24,151 82.0
<br />Streets 1,146,013 286,503 233,255 53,248 81.4
<br />Fleet Management 704,061 176,015 162,878 13,137 92.5
<br />Government Buildings 624,081 156,020 192,687 (36,667) (3) 123.5
<br />Parks 1,081,779 270,445 179,252 91,193 (4)66.3
<br />Environmental 65,523 16,381 17,200 (819) 105.0
<br />Solid Waste 87,417 21,854 12,244 9,610 56.0
<br />Forestry 84,515 21,129 8,533 12,596 40.4
<br />Other 229,247 57,312 150,000 (92,688) (5) 261.7
<br /> Total Expenditures 13,168,968 3,292,242 3,210,839 81,403 97.5
<br />Revenues Over
<br />(Under) Expenditures (150,000)$ (37,500)$ (2,588,003)$ (2,550,503)$
<br />* Property tax settlements are received from Anoka County in July (with 70% advance in June) and December.
<br />Item Explanation of items with variance greater than $15,000 and percentage less than 80% or greater than 120%
<br />(1) Interest rates are favorable and surpassing budget expectations. Portfolio YTM is 4.87% compared to 4.49% at
<br />March 31, 2023.
<br />(2) Favorable variance due to Community Development Specialist vacancy; new position in the 2024 Budget that has yet to be filled.
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