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Management’s Discussion and Analysis
<br />
<br />
<br />
<br />Overall, the City budgeted for a $150,000 decrease in fund balance, whereas the actual change in
<br />fund balance was an increase of $972,537, which was $1,122,537 over the 2024 budget.
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<br />Capital Asset and Debt Administration
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<br />Capital assets. The City’s investment in capital assets for its governmental and business-type
<br />activities as of December 31, 2024, amounted to $123,663,377 (net of accumulated
<br />depreciation), an increase of $7,543,909 from the prior year. This investment in capital assets
<br />includes land, wetland credits, construction in progress, buildings, equipment, vehicles, and
<br />infrastructure.
<br />
<br />The Lake Drive Trunk Water Main, Pheasant Run Reconstruction, and Watermark Park were
<br />completed in 2024. The City is working to complete the Water Treatment Plant, Marketplace
<br />Drive realignment, Otter Lake Road extension, 2024 Trunk Watermain and the 2025 Street
<br />Reconstruction projects.
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<br />
<br />City of Lino Lakes’ Capital Assets
<br />(Net of Depreciation)
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<br />
<br />Additional information on the City’s capital assets can be found in Note 5 to the financial
<br />statements.
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<br />
<br />2024 2023 2024 2023 2024 2023
<br />Land $5,731,330 $5,698,330 $374,867 $374,867 $6,106,197 $6,073,197
<br />Wetland credits 49,042 49,042 - - 49,042 49,042
<br />Construction in progress 1,805,192 5,871,019 6,915,299 4,040,557 8,720,491 9,911,576
<br />Buildings 8,267,376 8,929,708 - - 8,267,376 8,929,708
<br />Equipment 4,861,969 4,998,947 558,623 418,744 5,420,592 5,417,691
<br />Land improvements 2,832,650 1,676,153 - - 2,832,650 1,676,153
<br />Other equipment 31,821 34,656 - - 31,821 34,656
<br />Infrastructure 43,298,203 38,742,441 48,937,005 45,285,004 92,235,208 84,027,445
<br /> Total $66,877,583 $66,000,296 $56,785,794 $50,119,172 $123,663,377 $116,119,468
<br />Governmental Activities Business-Type Activities Totals
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