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Management's Discussion and Analysis
<br />The City's net position increased by $10,930,604 during 2024. Key elements of this increase are
<br />as follows:
<br />City of Lino Lakes' Changes in Net Position
<br />Governmental Activities
<br />Business -Type Activities
<br />Totals
<br />2024
<br />2023
<br />2024
<br />2023
<br />2024
<br />2023
<br />Revenues:
<br />Program revenues:
<br />Charges for services
<br />$3,911,025
<br />$4,468,912
<br />$4,817,812
<br />$4,955,645
<br />$8,728,837
<br />$9,424,557
<br />Operating grants and contributions
<br />1,480,903
<br />1,866,131
<br />7,589
<br />59,032
<br />1,488,492
<br />1,925,163
<br />Capital grants and contributions
<br />8,609,291
<br />2,996,602
<br />2,119,227
<br />8,545
<br />10,728,518
<br />3,005,147
<br />General revenues:
<br />General property taxes
<br />14,158,781
<br />12,868,894
<br />-
<br />-
<br />14,158,781
<br />12,868,894
<br />Othertaxes
<br />196,911
<br />217,779
<br />-
<br />196,911
<br />217,779
<br />Taxincrement
<br />1,002,712
<br />903,027
<br />-
<br />1,002,712
<br />903,027
<br />Grants and contributions not
<br />restricted to specific programs
<br />2,364
<br />270,011
<br />-
<br />-
<br />2,364
<br />270,011
<br />Unrestricted investment earnings
<br />1,517,537
<br />1,554,657
<br />603,782
<br />728,010
<br />2,121,319
<br />2,282,667
<br />Gain on disposal of capital assets
<br />143,601
<br />35,689
<br />-
<br />-
<br />143,601
<br />35,689
<br />Total revenues
<br />31,023,125
<br />25,181,702
<br />7,548,410
<br />5,751,232
<br />38,571,535
<br />30,932,934
<br />Expenses:
<br />General government
<br />4,134,836
<br />3,041,049
<br />4,134,836
<br />3,041,049
<br />Public safety
<br />7,045,702
<br />7,130,294
<br />7,045,702
<br />7,130,294
<br />Public works
<br />6,218,466
<br />5,604,543
<br />6,218,466
<br />5,604,543
<br />Culture and recreation
<br />3,283,500
<br />3,350,309
<br />-
<br />3,283,500
<br />3,350,309
<br />Conservation of natural resources
<br />732,201
<br />257,150
<br />-
<br />732,201
<br />257,150
<br />Community development
<br />287,271
<br />531,413
<br />-
<br />287,271
<br />531,413
<br />Interest and fees on long-term debt
<br />410,330
<br />497,903
<br />-
<br />-
<br />410,330
<br />497,903
<br />Water
<br />-
<br />-
<br />2,130,173
<br />2,027,102
<br />2,130,173
<br />2,027,102
<br />Sewer
<br />2,989,132
<br />2,535,243
<br />2,989,132
<br />2,535,243
<br />Storm water
<br />-
<br />-
<br />409,320
<br />577,404
<br />409,320
<br />577,404
<br />Total expenses
<br />22,112,306
<br />20,412,661
<br />5,528,625
<br />5,139,749
<br />27,640,931
<br />25,552,410
<br />Increase in net position before transfers 8,910,819 4,769,041 2,019,785 611,483 10,930,604 5,380,524
<br />Transfers (3,927,730) (516,310) 3,927,730 516,310 - -
<br />Change in net position 4,983,089 4,252,731 5,947,515 1,127,793 10,930,604 5,380,524
<br />Net position -January 1 78,824,240 74,571,509 65,494,759 64,366,966 144,318,999 138,938,475
<br />Net position - December 31 $83,807,329 $78,824,240 $71,442,274 $65,494,759 $155,249,603 $144,318,999
<br />Governmental Activities
<br />Governmental activities increased the City's net position by $4,983,089 during 2024. Developer
<br />contributions were primarily responsible for the increase in net position, as well as an overall net
<br />reduction in long-term debt. Unrestricted investment earnings also played a role in the increase
<br />to net position in 2024, due to unrealized gains and interest earnings on investments with the
<br />stable interest rate environment.
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