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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN NET POSITION
<br />Last Ten Fiscal Years
<br />(Accrual Basis of Accounting)
<br />2015 2016 2017 2018
<br />Net (expense) revenue:
<br />Governmental activities ($13,050,512) ($8,241,709) ($5,384,635) ($5,021,358)
<br />Business-type activities 2,449,785 1,079,511 538,756 916,107
<br />Total primary government, net (10,600,727) (7,162,198) (4,845,879)(4,105,251)
<br />General revenues and other changes in net position:
<br />Governmental activities:
<br />Property taxes 9,243,236 9,343,500 9,753,971 10,229,691
<br />Unrestricted grants and contributions 5,363 91,385 181,712 59,508
<br />Unrestricted investment earnings 112,961 210,142 207,792 369,485
<br />Gain on disposal of capital assets 17,836 66,255 38,022 17,318
<br />Special item - withdrawal from fire district - 1,333,166 - -
<br />Transfers 66,834 (914,414)(308,694)(472,370)
<br />Total governmental activities 9,446,230 10,130,034 9,872,803 10,203,632
<br />Business-type activities:
<br />Unrestricted investment earnings 51,167 107,119 106,488 213,434
<br />Gain on disposal of capital assets - - - -
<br />Transfers (66,834) 914,414 308,694 472,370
<br />Total business-type activities (15,667) 1,021,533 415,182 685,804
<br />Total primary government $9,430,563 $11,151,567 $10,287,985 $10,889,436
<br />Change in net position:
<br />Governmental activities ($3,604,282) $1,888,325 $4,488,168 $5,182,274
<br />Business-type activities 2,434,118 2,101,044 953,938 1,601,911
<br />Total primary government change in net position ($1,170,164) $3,989,369 $5,442,106 $6,784,185
<br />GASB 75 was implemented in 2017. OPEB expense for years prior to 2017 was not restated.
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