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Management’s Discussion and Analysis
<br />
<br />
<br />
<br />The City’s net position increased by $10,930,604 during 2024. Key elements of this increase are
<br />as follows:
<br />
<br />City of Lino Lakes’ Changes in Net Position
<br />
<br />
<br />Governmental Activities
<br />
<br />Governmental activities increased the City’s net position by $4,983,089 during 2024. Developer
<br />contributions were primarily responsible for the increase in net position, as well as an overall net
<br />reduction in long-term debt. Unrestricted investment earnings also played a role in the increase
<br />to net position in 2024, due to unrealized gains and interest earnings on investments with the
<br />stable interest rate environment.
<br />2024 2023 2024 2023 2024 2023
<br />Revenues:
<br />Program revenues:
<br /> Charges for services $3,911,025 $4,468,912 $4,817,812 $4,955,645 $8,728,837 $9,424,557
<br /> Operating grants and contributions 1,480,903 1,866,131 7,589 59,032 1,488,492 1,925,163
<br /> Capital grants and contributions 8,609,291 2,996,602 2,119,227 8,545 10,728,518 3,005,147
<br />General revenues:
<br /> General property taxes 14,158,781 12,868,894 - - 14,158,781 12,868,894
<br /> Other taxes 196,911 217,779 - - 196,911 217,779
<br /> Tax increment 1,002,712 903,027 - - 1,002,712 903,027
<br /> Grants and contributions not
<br /> restricted to specific programs 2,364 270,011 - - 2,364 270,011
<br /> Unrestricted investment earnings 1,517,537 1,554,657 603,782 728,010 2,121,319 2,282,667
<br /> Gain on disposal of capital assets 143,601 35,689 - - 143,601 35,689
<br />Total revenues 31,023,125 25,181,702 7,548,410 5,751,232 38,571,535 30,932,934
<br />Expenses:
<br />General government 4,134,836 3,041,049 - - 4,134,836 3,041,049
<br />Public safety 7,045,702 7,130,294 - - 7,045,702 7,130,294
<br />Public works 6,218,466 5,604,543 - - 6,218,466 5,604,543
<br />Culture and recreation 3,283,500 3,350,309 - - 3,283,500 3,350,309
<br />Conservation of natural resources 732,201 257,150 - - 732,201 257,150
<br />Community development 287,271 531,413 - - 287,271 531,413
<br />Interest and fees on long-term debt 410,330 497,903 - - 410,330 497,903
<br />Water - - 2,130,173 2,027,102 2,130,173 2,027,102
<br />Sewer - - 2,989,132 2,535,243 2,989,132 2,535,243
<br />Storm water - - 409,320 577,404 409,320 577,404
<br /> Total expenses 22,112,306 20,412,661 5,528,625 5,139,749 27,640,931 25,552,410
<br />Increase in net position before transfers 8,910,819 4,769,041 2,019,785 611,483 10,930,604 5,380,524
<br />Transfers (3,927,730) (516,310) 3,927,730 516,310 - -
<br />Change in net position 4,983,089 4,252,731 5,947,515 1,127,793 10,930,604 5,380,524
<br />Net position - January 1 78,824,240 74,571,509 65,494,759 64,366,966 144,318,999 138,938,475
<br />Net position - December 31 $83,807,329 $78,824,240 $71,442,274 $65,494,759 $155,249,603 $144,318,999
<br />Business-Type Activities TotalsGovernmental Activities
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<br />Page 59 of 353
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