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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS,
<br />LAST TEN FISCAL YEARS
<br />(modified accrual basis of accounting)
<br />Table 4
<br />Fiscal Year
<br />2000 2001 2002 2003 2004
<br />Revenues
<br />Property Taxes $5,213,896 $ 5,856,349 $ 6,243,200 $6,687,516 $ 6,523,938
<br />Licenses and Permits 884,746 1,016,456 913,498 766,524 867,909
<br />Intergovernmental 802,456 2,101,953 858,816 2,011,285 2,419,531
<br />Special Assessments 3,106,359 1,783,237 2,050,015 2,812,386 1,587,510
<br />Charges for Services 618,295 684,264 611,414 658,370 639,565
<br />Fines and Forfeits 124,458 101,559 100,393 97,223 106,053
<br />Investment Earnings 930,177 571,248 447,182 194,049 221,303
<br />Miscellaneous 685,621 699,020 710,513 677,823 782,179
<br />Total revenues 12,366,008 12,814,086 11,935,031 13,905,176 13,147,988
<br />Expenditures
<br />Current:
<br />General Government 3,145,791 2,652,762 2,893,683 5,808,015 2,261,908
<br />Public Safety 2,126,696 2,212,932 2,463,004 2,609,171 2,798,013
<br />Public Works 838,789 1,134,874 1,245,451 1,770,649 5,126,578
<br />Parks, Recreation and Forestry 828,852 914,432 952,039 969,597 954,945
<br />Conservation of Natural Resources 106,543 139,599 111,880 114,580 115,631
<br />Community Development - - - - -
<br />Capital outlay 617,345 992,339 1,057,099 622,218 515,287
<br />Debt Service
<br />Principal 1,448,570 2,097,050 2,851,332 1,684,450 1,960,000
<br />Interest and fiscal charges 1,041,882 960,281 1,030,395 865,638 798,405
<br />Construction/Acquisition 725,663 501,810 1,833,592 229,321 -
<br />Total expenditures 10,880,131 11,606,079 14,438,475 14,673,639 14,530,767
<br />Excess (deficiency) of revenues
<br />over expenditures 1,485,877 1,208,007 (2,503,444) (768,463) (1,382,779)
<br />Other Financing Sources (Uses)
<br />Sale of Property - - - 1,280,957
<br />Proceeds from Issuance of Debt 325,450 332,030 2,878,201 2,673,565 1,604,000
<br />Premium on Bonds Issued - - - -
<br />Discount on Bonds Issued - - (6,057)
<br />Payment to Refunded Bond Escrow Agent - (1,680,000) - - (1,170,000)
<br />Transfer In 526,843 412,239 851,472 1,120,223 5,283,306
<br />Transfer Out (847,352) (719,889) (1,155,547) (1,421,578) (5,586,414)
<br />Total other financing sources (uses) 4,941 (1,655,620) 2,574,126 2,372,210 1,405,792
<br />Net change in fund balances $1,490,818 $ (447,613) $ 70,682 $1,603,747 $ 23,013
<br />Debt service as a percentage of
<br />noncapital expenditures
<br />26.1% 30.2% 33.6% 18.4% 19.7%
<br />95
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