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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS
<br />Year Ended December 31, 2006
<br />G.O. Area and Legacy
<br />Improvement Unit Woods Edge
<br />Revenue: General Bonds 2005A Charge Improvement
<br />General property taxes $ 6,750,224 $ - $ - $
<br />Tax increments -
<br />Licenses and permits 581,582 -
<br />Intergovernmental 398,786 - 84,462 1,036,812
<br />Special assessments 689 743,564 699,679
<br />Charges for services 281,839 - 219,829
<br />Fines and forfeits 101,518 -
<br />Investment earnings 192,046 12,290 81,088 77,617
<br />Refunds and reimbursements 14,279 -
<br />Miscellaneous 166,884 22,420
<br />Total revenue 8,487,847 755,854 1,107,478 1,114,429
<br />Expenditures:
<br />Current:
<br />General government 1,875,895
<br />Public safety 3,314,159 - -
<br />Public works 983,506 - 535,136 3,193,788
<br />Parks, recreation and forestry 759,479 - -
<br />Conservation of natural resources 143,653
<br />Community development 683,036
<br />Capital outlay:
<br />General government 12,077
<br />Public safety 36,641 -
<br />Public works 5,492 1,611
<br />Parks, recreation and forestry - -
<br />Conservation of natural resources 2,316
<br />Community development 6,856
<br />Debt service:
<br />Principal
<br />Interest and fiscal charges 208,015
<br />Total expenditures 7,823,110 208,015 535,136 3,195,399
<br />Revenue over (under) expenditures 664,737 547,839 572,342 (2,080,970)
<br />Other financing sources (uses):
<br />Transfer in
<br />Transfer out (623,311) (1,113,670)
<br />Sale of property
<br />Issuance of debt 564,585
<br />Discount on bonds issued (2,565)
<br />Premium on bonds issued
<br />Payment to refunding bond escrow agent
<br />Total other financing sources (uses) (623,311) (551,650)
<br />Net increase (decrease) in fund balance 41,426 547,839 20,692 (2,080,970)
<br />Fund balance
<br />Beginning of year 5,448,808 37,712 2,578,898 2,346,897
<br />Fund balance - December 31
<br />$ 5,490.234 $ 585,551 $ 2,599,590 $ 265,927
<br />The accompanying notes are an integral part of these basic financial statements.
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