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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
<br />Last Ten Fiscal Years
<br />2015 2016 2017 2018
<br />Revenues:
<br />Property taxes $8,950,507 $9,369,090 $9,772,741 $10,215,761
<br />Licenses and permits 551,202 895,581 1,447,571 1,260,046
<br />Special assessments 703,141 4,400,635 2,283,974 2,005,970
<br />Intergovernmental 679,627 706,944 1,080,953 3,453,300
<br />Charges for services 696,501 1,293,556 1,327,781 1,003,896
<br />Fines and forfeits 127,803 251,653 613,593 137,940
<br />Investment earnings 112,915 210,142 207,792 369,485
<br />Miscellaneous 766,072 417,448 410,640 323,379
<br />Total revenues 12,587,768 17,545,049 17,145,045 18,769,777
<br />Expenditures:
<br />Current:
<br />General government 1,643,966 1,845,667 1,952,669 1,948,909
<br />Public safety 11,895,482 4,333,080 4,360,517 4,575,957
<br />Public works 4,779,696 3,203,837 3,414,412 3,148,058
<br />Culture and recreation - - - -
<br />Conservation of natural resources 191,038 201,635 183,392 199,026
<br />Community development 422,935 425,402 433,144 572,910
<br />Capital outlay 1,566,057 3,044,615 2,152,848 3,469,208
<br />Debt service:
<br />Principal 2,802,511 2,769,525 8,058,525 3,130,600
<br />Interest and fiscal charges 542,166 816,362 640,029 437,659
<br />Bond issuance costs 62,831 98,906 - -
<br />Total expenditures 23,906,682 16,739,029 21,195,536 17,482,327
<br />Revenues over (under) expenditures (11,318,914)806,020 (4,050,491)1,287,450
<br />Other financing sources (uses):
<br />Proceeds from sale of capital assets 54,522 72,182 103,328 49,391
<br />Insurace recovery - - - -
<br />Issuance of debt 8,606,250 5,464,000 311,000 7,218,900
<br />Premium on bonds issued 114,960 41,497 - 401,193
<br />Transfers in 3,392,971 3,521,180 6,984,443 4,266,440
<br />Transfers out (3,336,137)(3,241,959)(7,122,927)(4,024,295)
<br />Total other financing sources (uses)8,832,566 5,856,900 275,844 7,911,629
<br />Special item - withdrawal from fire district - 1,111,834 - -
<br />Net change in fund balance ($2,486,348) $7,774,754 ($3,774,647) $9,199,079
<br />Debt service as a percentage of
<br /> Noncapital expenditures 15.0% 26.2% 45.4% 25.5%
<br />Debt service as a percentage of
<br /> Total expenditures 14.0% 21.4% 41.0% 20.4%
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<br />Page 180 of 353
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