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CITY OF LINO LAKES, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES AND Statement 20
<br />CHANGES IN FUND BALANCE
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2023
<br />Permanent
<br />Fund Total
<br />Environment & Nonmajor
<br />Special Debt Capital Stewardship Governmental
<br />Revenue Service Project Fund Funds
<br />Revenues:
<br />General property taxes $ - $1,574,384 $975,446 $ - $2,549,830
<br />Other taxes 32,793 37,855 - - 70,648
<br />Tax increment - - 903,027 - 903,027
<br />Special assessments - 81,771 208,950 - 290,721
<br />Intergovernmental 932,033 - 22,620 954,653
<br />Charges for services 1,650 - 427,916 - 429,566
<br />Fines and forfeits 6,729 - - - 6,729
<br />Investment earnings 39,493 205,221 320,266 6,923 571,903
<br />Miscellaneous 19,965 - - 8,800 28,765
<br /> Total revenues 1,032,663 1,899,231 2,858,225 15,723 5,805,842
<br />Expenditures:
<br />Current:
<br />General government 1,222 - 63,933 - 65,155
<br />Public safety 144,839 - 810 - 145,649
<br />Public works - - 1,275,375 - 1,275,375
<br />Culture and recreation 37,566 - 38,601 - 76,167
<br />Community development 766 - 214,163 - 214,929
<br />Conservation of natural resources - - 1,843 10,125 11,968
<br />Capital outlay:
<br />General government - - 10,918 - 10,918
<br />Public safety 2,500 - - - 2,500
<br />Public works - - 1,260,648 - 1,260,648
<br />Culture and recreation - - 825,055 - 825,055
<br />Debt service:
<br />Principal - 2,439,885 - - 2,439,885
<br />Interest and fiscal charges - 602,744 - - 602,744
<br /> Total expenditures 186,893 3,042,629 3,691,346 10,125 6,930,993
<br />Revenues over (under) expenditures 845,770 (1,143,398) (833,121)5,598 (1,125,151)
<br />Other financing sources (uses):
<br />Transfers in - 905,942 899,877 - 1,805,819
<br />Transfers out (249,294) (480,000) (759,371) - (1,488,665)
<br /> Total other financing sources (uses) (249,294) 425,942 140,506 - 317,154
<br />Net change in fund balance 596,476 (717,456) (692,615)5,598 (807,997)
<br />Fund balance - January 1 685,475 5,144,324 8,599,466 133,006 14,562,271
<br />Fund balance - December 31 $1,281,951 $4,426,868 $7,906,851 $138,604 $13,754,274
<br />105
<br />112
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