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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2014 2015 2016 2017
<br />Revenues:
<br />Property taxes $8,612,011 $8,950,507 $9,369,090 $9,772,741
<br />Licenses and permits 407,681 551,202 895,581 1,447,571
<br />Special assessments 1,278,202 703,141 4,400,635 2,283,974
<br />Intergovernmental 823,025 679,627 706,944 1,080,953
<br />Charges for services 731,640 696,501 1,293,556 1,327,781
<br />Fines and forfeits 149,653 127,803 251,653 613,593
<br />Investment earnings 265,794 112,915 210,142 207,792
<br />Miscellaneous 767,477 766,072 417,448 410,640
<br />Total revenues 13,035,483 12,587,768 17,545,049 17,145,045
<br />Expenditures:
<br />Current:
<br />General government 1,692,175 1,643,966 1,845,667 1,952,669
<br />Public safety 3,845,732 11,895,482 4,333,080 4,360,517
<br />Public works 4,156,497 4,779,696 3,203,837 3,414,412
<br />Culture and recreation - - - -
<br />Conservation of natural resources 149,292 191,038 201,635 183,392
<br />Community development 402,750 422,935 425,402 433,144
<br />Capital outlay 674,488 1,566,057 3,044,615 2,152,848
<br />Debt service:
<br />Principal 3,664,000 2,802,511 2,769,525 8,058,525
<br />Interest and fiscal charges 696,780 542,166 816,362 640,029
<br />Bond issuance costs - 62,831 98,906 -
<br />Total expenditures 15,281,714 23,906,682 16,739,029 21,195,536
<br />Revenues over (under) expenditures (2,246,231)(11,318,914)806,020 (4,050,491)
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 1,727 54,522 72,182 103,328
<br />Insurace recovery - - - -
<br />Issuance of debt 3,140,000 8,606,250 5,464,000 311,000
<br />Premium on bonds issued - 114,960 41,497 -
<br />Transfers in 2,608,534 3,392,971 3,521,180 6,984,443
<br />Transfers out (2,539,240)(3,336,137)(3,241,959)(7,122,927)
<br />Total other financing sources (uses)3,211,021 8,832,566 5,856,900 275,844
<br />Special item - withdrawal from fire district - - 1,111,834 -
<br />Net change in fund balance $964,790 ($2,486,348)$7,774,754 ($3,774,647)
<br />Debt service as a percentage of
<br /> Noncapital expenditures 29.9%15.0%26.2%45.4%
<br />Debt service as a percentage of
<br /> Total expenditures 28.5%14.0%21.4%41.0%
<br />138
<br />145
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