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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />GOVERNMENTAL FUNDS
<br />For The Year Ended December 31, 2024
<br />202 342 G.O.
<br />The Rookery Improvement
<br />General Fund Activity Center Bonds of 2016B
<br />Revenues:
<br />General property taxes $10,399,167 $500,000 $ -
<br />Other taxes 133,969 - -
<br />Tax increment - - -
<br />Licenses and permits 1,143,987 - -
<br />Special assessments 382 - -
<br />Intergovernmental 1,057,662 8,825 -
<br />Charges for services 557,880 1,277,687 -
<br />Fines and forfeits 96,282 - -
<br />Investment earnings 301,634 4,581 -
<br />Miscellaneous 35,218 77,939 -
<br />Total revenues 13,726,181 1,869,032 -
<br />Expenditures:
<br />Current:
<br />General government 2,718,462 - -
<br />Public safety 6,435,117 - -
<br />Public works 1,787,741 - -
<br />Culture and recreation 997,320 1,786,609 -
<br />Conservation of natural resources 247,911 - -
<br />Community development 302,543 - -
<br />Capital outlay:
<br />Public safety - - -
<br />Public works - - -
<br />Culture and recreation - - -
<br />Debt service:
<br />Principal - - -
<br />Interest and fiscal charges - - -
<br />Total expenditures 12,489,094 1,786,609 -
<br />Revenues over (under) expenditures 1,237,087 82,423 -
<br />Other financing sources (uses):
<br />Transfers in 20,000 - 1,728,204
<br />Transfers out (286,590) - -
<br />Proceeds from sale of capital assets 2,040 - -
<br />Total other financing sources (uses)(264,550) - 1,728,204
<br />Net change in fund balance 972,537 82,423 1,728,204
<br />Fund balance - January 1 8,583,880 (5,067) (1,728,204)
<br />Fund balance - December 31 $9,556,417 $77,356 $ -
<br />The accompanying notes are an integral part of these financial statements.
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