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Management's Discussion and Analysis
<br />Overall, the City budgeted for a $150,000 decrease in fund balance, whereas the actual change in
<br />fund balance was an increase of $972,537, which was $1,122,537 over the 2024 budget.
<br />Capital Asset and Debt Administration
<br />Capital assets. The City's investment in capital assets for its governmental and business -type
<br />activities as of December 31, 2024, amounted to $123,663,377 (net of accumulated
<br />depreciation), an increase of $7,543,909 from the prior year. This investment in capital assets
<br />includes land, wetland credits, construction in progress, buildings, equipment, vehicles, and
<br />infrastructure.
<br />The Lake Drive Trunk Water Main, Pheasant Run Reconstruction, and Watermark Park were
<br />completed in 2024. The City is working to complete the Water Treatment Plant, Marketplace
<br />Drive realignment, Otter Lake Road extension, 2024 Trunk Watermain and the 2025 Street
<br />Reconstruction projects.
<br />Land
<br />Wetland credits
<br />Construction in progress
<br />Buildings
<br />Equipment
<br />Land improvements
<br />Other equipment
<br />Infrastructure
<br />Total
<br />City of Lino Lakes' Capital Assets
<br />(Net of Depreciation)
<br />Governmental Activities
<br />Business -Type
<br />Activities
<br />Totals
<br />2024
<br />2023
<br />2024
<br />2023
<br />2024
<br />2023
<br />$5,731,330
<br />$5,698,330
<br />$374,867
<br />$374,867
<br />$6,106,197
<br />$6,073,197
<br />49,042
<br />49,042
<br />-
<br />-
<br />49,042
<br />49,042
<br />1,805,192
<br />5,871,019
<br />6,915,299
<br />4,040,557
<br />8,720,491
<br />9,911,576
<br />8,267,376
<br />8,929,708
<br />-
<br />-
<br />8,267,376
<br />8,929,708
<br />4,861,969
<br />4,998,947
<br />558,623
<br />418,744
<br />5,420,592
<br />5,417,691
<br />2,832,650
<br />1,676,153
<br />-
<br />-
<br />2,832,650
<br />1,676,153
<br />31,821
<br />34,656
<br />-
<br />-
<br />31,821
<br />34,656
<br />43,298,203
<br />38,742,441
<br />48,937,005
<br />45,285,004
<br />92,235,208
<br />84,027,445
<br />$66,877,583
<br />$66,000,296
<br />$56,785,794
<br />$50,119,172
<br />$123,663,377
<br />$116,119,468
<br />Additional information on the City's capital assets can be found in Note 5 to the financial
<br />statements.
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