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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, 2023
<br />202 333 G.O.
<br />The Rookery Improvement
<br />General Fund Activity Center Note of 2009A
<br />Revenues:
<br />General property taxes $9,666,211 $325,000 $ -
<br />Other taxes 147,131 - -
<br />Tax increment - - -
<br />Licenses and permits 973,653 - -
<br />Special assessments 1,185 - 29,600
<br />Intergovernmental 908,267 278,735 -
<br />Charges for services 442,560 930,601 -
<br />Fines and forfeits 85,400 - -
<br />Investment earnings 307,403 - 742
<br />Miscellaneous 51,498 63,581 -
<br />Total revenues 12,583,308 1,597,917 30,342
<br />Expenditures:
<br />Current:
<br />General government 2,361,592 - -
<br />Public safety 6,098,262 - -
<br />Public works 1,717,960 - -
<br />Culture and recreation 924,201 1,933,006 -
<br />Community development 299,389 - -
<br />Conservation of natural resources 237,987 - -
<br />Capital outlay:
<br />General government - - -
<br />Public safety - - -
<br />Public works - - -
<br />Culture and recreation - - -
<br />Debt service:
<br />Principal - - -
<br />Interest and fiscal charges - - -
<br />Total expenditures 11,639,391 1,933,006 -
<br />Revenues over (under) expenditures 943,917 (335,089)30,342
<br />Other financing sources (uses):
<br />Transfers in 20,000 593,777 -
<br />Transfers out (466,554) - (31,695)
<br />Proceeds from sale of capital assets - - -
<br />Total other financing sources (uses)(446,554)593,777 (31,695)
<br />Net change in fund balance 497,363 258,688 (1,353)
<br />Fund balance - January 1 8,086,517 (263,755)1,353
<br />Fund balance - December 31 $8,583,880 ($5,067)$ -
<br />The accompanying notes are an integral part of these financial statements.
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