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Audit Report 12/31/1976
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Audit Report 12/31/1976
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12/4/2013 12:48:34 PM
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Annual Financial Reports
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Audit Report 12/31/1976
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12/31/1976
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CITY OF LINO LAKES <br />ANOKA COUNTY, MINNESOTA <br />PLAN OF GOVERNMENT <br />The City of Lino Lakes operates under "Plan A" as defined in the State of Minnesota <br />Statutes. Under this plan the government of the City is run by a council composed <br />of an elected mayor and four elected councilmen. The council exercises legislative <br />authority and determines all matters of policy. The council appoints administrative <br />personnel who are responsible for the proper administration of all affairs relating <br />to the City. <br />DESCRIPTION OF FUNDS <br />GENERAL FUND <br />The General Fund was established to account for the revenue and expenditures necessary <br />to provide basic governmental services for the City. The principal sources of revenue <br />are property taxes, intergovernmental revenue, licenses and permits, and charges for <br />current services. Expenditures are for general government, general services, protective <br />inspection and other functions. A plan of financial operation is set forth each year <br />in the form of the annual budget adopted by the council. <br />SPECIAL REVENUE FUNDS <br />Special revenue funds are established to account for the proceeds from special tax <br />levies and other dedicated revenues to be used for a specified purpose. The following <br />funds are included in this group: <br />Fire Protection Fund <br />Police Fund <br />Civil Defense Fund <br />Parks and Playgrounds Fund <br />Road and Bridge Fund <br />Revenue Sharing Fund <br />SAC Fund <br />Metro Sewer Fund <br />
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