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CITY OF LINO LAKES, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES AND Statement 20
<br />CHANGES IN FUND BALANCE
<br />NONMAJOR GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2024
<br />Permanent
<br />Fund Total
<br />Environment & Nonmajor
<br />Special Debt Capital Stewardship Governmental
<br />Revenue Service Project Fund Funds
<br />Revenues:
<br />General property taxes $10,000 $1,287,724 $1,105,000 $ - $2,402,724
<br />Other taxes 24,948 37,994 - - 62,942
<br />Tax increment - - 1,002,712 - 1,002,712
<br />Special assessments - 52,755 577,019 - 629,774
<br />Intergovernmental 92,284 - - 92,284
<br />Charges for services 1,916 - 692,164 - 694,080
<br />Fines and forfeits 5,375 - - - 5,375
<br />Investment earnings 56,218 140,555 320,512 6,470 523,755
<br />Miscellaneous 2,500 - - 5,700 8,200
<br /> Total revenues 193,241 1,519,028 3,697,407 12,170 5,421,846
<br />Expenditures:
<br />Current:
<br />General government 3,952 - 386,508 - 390,460
<br />Public safety 114,027 - 2,887 - 116,914
<br />Public works - - 246,316 - 246,316
<br />Culture and recreation 13,823 - 41,536 - 55,359
<br />Conservation of natural resources - - - 7,850 7,850
<br />Community development - - 437,159 - 437,159
<br />Capital outlay:
<br />Public safety 92,532 - - - 92,532
<br />Public works - - 2,063,491 - 2,063,491
<br />Culture and recreation - - 739,636 - 739,636
<br />Debt service:
<br />Principal - 2,115,475 - - 2,115,475
<br />Interest and fiscal charges - 508,966 - - 508,966
<br /> Total expenditures 224,334 2,624,441 3,917,533 7,850 6,774,158
<br />Revenues over (under) expenditures (31,093) (1,105,413) (220,126)4,320 (1,352,312)
<br />Other financing sources (uses):
<br />Transfers in - 764,486 1,707,113 - 2,471,599
<br />Transfers out (20,000) (306,406) (1,753,219) - (2,079,625)
<br />Proceeds from sale of capital assets - - 1,125 - 1,125
<br /> Total other financing sources (uses) (20,000) 458,080 (44,981) - 393,099
<br />Net change in fund balance (51,093) (647,333) (265,107)4,320 (959,213)
<br />Fund balance - January 1 1,281,951 4,426,868 7,906,851 138,604 13,754,274
<br />Fund balance - December 31 $1,230,858 $3,779,535 $7,641,744 $142,924 $12,795,061
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