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06-09-25 - Council Meeting Agenda
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06-09-25 - Council Meeting Agenda
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6/12/2025 9:46:34 AM
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6/12/2025 9:41:53 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/09/2025
Council Meeting Type
Regular
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 10 <br />BUDGETARY COMPARISON SCHEDULE - GENERAL FUND Page 6 of 6 <br />For The Year Ended December 31, 2024 <br />Budgeted Amounts <br />2024 Actual <br />Amounts <br />Variance with <br />Final Budget - <br />Positive <br />(Negative) <br />Original Final <br />Expenditures: (continued) <br />Other: <br />Contingency 79,247 79,247 - 79,247 <br />Total expenditures 13,018,968 13,018,968 12,489,094 529,874 <br />Revenues over (under) expenditures (20,000) (20,000) 1,237,087 1,257,087 <br />Other financing sources (uses): <br />Transfers in 20,000 20,000 20,000 - <br />Transfers out (150,000) (150,000) (286,590) (136,590) <br />Proceeds from sale of capital assets - - 2,040 2,040 <br />Total other financing sources (uses)(130,000) (130,000) (264,550) (134,550) <br />Net change in fund balance ($150,000) ($150,000) 972,537 $1,122,537 <br />Fund balance - January 1 8,583,880 <br />Fund balance - December 31 $9,556,417 <br />See accompanying notes to the required supplementary information. <br />93 <br />Page 129 of 353
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