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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTALFUNDS
<br />For The Year Ended December 31, 2024
<br />202
<br />342 G.O.
<br />The Rookery
<br />Improvement
<br />General Fund
<br />Activity Center
<br />Bonds of 2016B
<br />Revenues:
<br />General property taxes
<br />$10,399,167
<br />$500,000
<br />$ -
<br />Other taxes
<br />133,969
<br />-
<br />-
<br />Tax increment
<br />-
<br />-
<br />-
<br />Licenses and permits
<br />1,143,987
<br />-
<br />-
<br />Special assessments
<br />382
<br />-
<br />-
<br />Intergovernmental
<br />1,057,662
<br />8,825
<br />-
<br />Charges for services
<br />557,880
<br />1,277,687
<br />-
<br />Fines and forfeits
<br />96,282
<br />-
<br />-
<br />Investment earnings
<br />301,634
<br />4,581
<br />-
<br />Miscellaneous
<br />35,218
<br />77,939
<br />-
<br />Total revenues
<br />13,726,181
<br />1,869,032
<br />-
<br />Expenditures:
<br />Current:
<br />General government
<br />2,718,462
<br />-
<br />-
<br />Public safety
<br />6,435,117
<br />-
<br />-
<br />Public works
<br />1,787,741
<br />-
<br />-
<br />Culture and recreation
<br />997,320
<br />1,786,609
<br />-
<br />Conservation of natural resources
<br />247,911
<br />-
<br />-
<br />Community development
<br />302,543
<br />-
<br />-
<br />Capital outlay:
<br />Public safety
<br />-
<br />-
<br />-
<br />Public works
<br />-
<br />-
<br />-
<br />Culture and recreation
<br />-
<br />-
<br />-
<br />Debt service:
<br />Principal
<br />-
<br />-
<br />-
<br />Interest and fiscal charges
<br />-
<br />-
<br />-
<br />Total expenditures
<br />12,489,094
<br />1,786,609
<br />-
<br />Revenues over (under) expenditures
<br />1,237,087
<br />82,423
<br />-
<br />Other financing sources (uses):
<br />Transfers in
<br />20,000
<br />-
<br />1,728,204
<br />Transfers out
<br />(286,590)
<br />-
<br />-
<br />Proceeds from sale of capital assets
<br />2,040
<br />-
<br />-
<br />Total other financing sources (uses)
<br />(264,550)
<br />-
<br />1,728,204
<br />Net change in fund balance
<br />972,537
<br />82,423
<br />1,728,204
<br />Fund balance - January 1
<br />8,583,880
<br />(5,067)
<br />(1,728,204)
<br />Fund balance - December 31
<br />$9,556,417
<br />$77,356
<br />$ -
<br />The accompanying notes are an integral part of these financial statements.
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