|
City of Lino Lakes
<br />General Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended June 30, 2024
<br />Percent
<br />Received or
<br />Expended
<br />Budget
<br />Actuals
<br />Variance -
<br />Based on
<br />Annual
<br />Thru
<br />Thru
<br />Favorable
<br />Budget Thru
<br />Budget
<br />06/30/2024
<br />06/30/2024
<br />(Unfavorable)
<br />06/30/2024
<br />Revenues
<br />Property Taxes
<br />$ 10,429,606
<br />$ 5,214,803
<br />$ 3,053,760
<br />$ (2,161,043) *
<br />58.6 %
<br />Other Taxes
<br />185,000
<br />92,500
<br />58,107
<br />(34,393) (1)
<br />62.8
<br />Licenses and Permits
<br />1,097,415
<br />548,708
<br />539,213
<br />(9,494)
<br />98.3
<br />Intergovernmental Revenue
<br />692,622
<br />346,311
<br />198,318
<br />(147,993) (2)
<br />57.3
<br />Charges For Services
<br />456,325
<br />228,163
<br />291,038
<br />62,875 (3)
<br />127.6
<br />Fines & Forfeits
<br />76,000
<br />38,000
<br />48,938
<br />10,938
<br />128.8
<br />Investment Income
<br />30,000
<br />15,000
<br />96,156
<br />81,156 (4)
<br />641.0
<br />Miscellaneous Revenue
<br />32,000
<br />16,000
<br />12,666
<br />(3,334)
<br />79.2
<br />Transfers In
<br />20,000
<br />10,000
<br />20,000
<br />10,000
<br />200.0
<br />Total Revenues
<br />13,018,968
<br />6,509,484
<br />4,318,196
<br />(2,191,288)
<br />66.3
<br />Expenditures
<br />Mayor & Council
<br />109,274
<br />54,637
<br />37,726
<br />16,911 (5)
<br />69.0
<br />Administration
<br />712,764
<br />356,382
<br />293,792
<br />62,590
<br />82.4
<br />Elections
<br />49,000
<br />24,500
<br />16,388
<br />8,112
<br />66.9
<br />Charter Administration
<br />8,920
<br />4,460
<br />-
<br />4,460
<br />-
<br />Finance
<br />748,840
<br />374,420
<br />423,751
<br />(49,331)
<br />113.2
<br />Legal Consultants
<br />138,000
<br />69,000
<br />74,365
<br />(5,365)
<br />107.8
<br />Economic Development
<br />98,135
<br />49,068
<br />26,676
<br />22,392 (6)
<br />54.4
<br />Planning & Zoning
<br />181,529
<br />90,765
<br />71,231
<br />19,534 (7)
<br />78.5
<br />Engineering
<br />97,463
<br />48,732
<br />36,440
<br />12,292
<br />74.8
<br />Community Development
<br />308,682
<br />154,341
<br />103,198
<br />51,143 (8)
<br />66.9
<br />Police
<br />5,062,622
<br />2,531,311
<br />2,314,405
<br />216,906
<br />91.4
<br />Fire
<br />1,094,025
<br />547,013
<br />516,302
<br />30,710
<br />94.4
<br />Building Inspections
<br />537,078
<br />268,539
<br />212,063
<br />56,476 (9)
<br />79.0
<br />Streets
<br />1,146,013
<br />573,007
<br />461,251
<br />111,756
<br />80.5
<br />Fleet Management
<br />704,061
<br />352,031
<br />379,709
<br />(27,678)
<br />107.9
<br />Government Buildings
<br />624,081
<br />312,041
<br />302,583
<br />9,458
<br />97.0
<br />Parks
<br />1,081,779
<br />540,890
<br />363,602
<br />177,287 (10)
<br />67.2
<br />Environmental
<br />65,523
<br />32,762
<br />28,004
<br />4,758
<br />85.5
<br />Solid Waste
<br />87,417
<br />43,709
<br />29,032
<br />14,676
<br />66.4
<br />Forestry
<br />84,515
<br />42,258
<br />54,168
<br />(11,911)
<br />128.2
<br />Other
<br />229,247
<br />114,624
<br />250,000
<br />(135,377) (11)
<br />218.1
<br />Total Expenditures
<br />13,168,968
<br />6,584,484
<br />5,994,686
<br />589,798
<br />91.0
<br />Revenues Over
<br />(Under) Expenditures $ (150,000) $ (75,000) $ (1,676,491) $ (1,601,491)
<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) Unfavorable variance due to 2nd quarter Circle Pines gas franchise fees not received from Centennial Utilities (timing difference).
<br />(2) Police State Aid is received in October each year.
<br />(3) Favorable variance due to Police Other Revenues for the School Resource Officer reimbursement (January to June) and
<br />Engineering/Planning Fees for Watermark 7th Addition AUAR development fees.
<br />4
<br />
|