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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2014 2015 2016 2017
<br />Net (expense) revenue:
<br />Governmental activities ($10,504,667) ($13,050,512) ($8,241,709) ($5,384,635)
<br />Business-type activities 199,684 2,449,785 1,079,511 538,756
<br />Total primary government, net (10,304,983) (10,600,727) (7,162,198) (4,845,879)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 8,806,886 9,243,236 9,343,500 9,753,971
<br />Unrestricted grants and contributions 4,443 5,363 91,385 181,712
<br />Unrestricted investment earnings 265,695 112,961 210,142 207,792
<br />Gain on disposal of capital assets 1,727 17,836 66,255 38,022
<br />Special item - withdrawal from fire district - - 1,333,166 -
<br />Transfers 69,294 66,834 (914,414) (308,694)
<br />Total governmental activities 9,148,045 9,446,230 10,130,034 9,872,803
<br />Business-type activities:
<br />Unrestricted investment earnings 154,468 51,167 107,119 106,488
<br />Gain on disposal of capital assets - - - -
<br />Transfers (69,294) (66,834) 914,414 308,694
<br />Total business-type activities 85,174 (15,667) 1,021,533 415,182
<br />Total primary government $9,233,219 $9,430,563 $11,151,567 $10,287,985
<br />Change in net position:
<br />Governmental activities ($1,356,622) ($3,604,282) $1,888,325 $4,488,168
<br />Business-type activities 284,858 2,434,118 2,101,044 953,938
<br />Total primary government change in net position ($1,071,764) ($1,170,164) $3,989,369 $5,442,106
<br />GASB 68 was implemented in 2015. Pension expense for years prior to 2015 was not restated.
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
<br />134
<br />141
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