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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, 2008
<br />G.O. Area and Legacy
<br />Improvement Unit Woods Edge
<br />Revenue: General Bonds 2005A Charge Improvement
<br />General property taxes $ 7,691,576 $ - $ $
<br />Tax increments -
<br />Licenses and permits 802,135
<br />Intergovernmental 517,242 -
<br />Special assessments 4,323 480,932
<br />Charges for services 449,555 239,194
<br />Fines and forfeits 133,531 -
<br />Investment earnings 134,521 3,885 91,695 66,357
<br />Refunds and reimbursements 8,637 - -
<br />Miscellaneous 172,750
<br />Total revenue 9,914,270 3,885 811,821 66,357
<br />Expenditures:
<br />Current:
<br />General government 2,046,500
<br />Public safety 3,806,389 - -
<br />Public works 1,368,630 91,563 3,668,378
<br />Parks, recreation and forestry 847,542 - -
<br />Conservation of natural resources 178,254
<br />Community development 745,127
<br />Capital outlay:
<br />General government 2,944
<br />Public safety 41,441 -
<br />Public works - 36,403
<br />Parks, recreation and forestry .24,000 - -
<br />Conservation of natural resources 1,397
<br />Community development 224
<br />Debt service:
<br />Principal 275,000
<br />Interest and fiscal charges 263,092
<br />Total expenditures 9,062,448 538,092 91,563 3,704,781
<br />Revenue over (under) expenditures 851,822 (534,207) 720,258 (3,638,424)
<br />Other financing sources (uses):
<br />Transfer in 468 25,000 - 2,188,729
<br />Transfer out (806,180) (542,911) (1,200,000)
<br />Sale of property
<br />Issuance of debt
<br />Total other financing sources (uses) (805,712) 25,000 (542,911) 988,729
<br />Net increase (decrease) in fund balance 46,110 (509,207) 177,347 (2,649,695)
<br />Fund balance -
<br />Beginning of year 5,538,031 510,276 2,471,616 3,245,015
<br />Fund balance - December 31 $ 5,584,141 $ 1,069 $ 2,648,963 $ 595,320
<br />The accompanying notes are an integral part of these basic financial' statements.
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