Comprehensive Annual Financial Report 12/31/1996

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Y General Fund The General Fund accounts for all revenues and expenditures necessary to provide basic governmental operations of the City. General Fund revenues totaled $4,627,532 in 1996 compared to $3,772,335 in 1995. The breakdown of revenues is shown in the following table: Percent 1996 1995 Change General property taxes S2,327,048 $1,941,415 19.86% Licenses and permits 788,480 544,267 44.87% Intergovernmental revenues 816,794 738,652 10.58% Charges for services 308,262 241,393 27.70% Fines and forfeits 86,158 93,861 (8.21 %) Miscellaneous 300,790 212,747 41.38% Total $4,627,532 $3,772,335 22.67% The increase in General property taxes was due to the increase market value of the City, as the tax rate was left unchanged from 1995. Licenses and permits increased substantially due to building permits issued for a new school, a church, and an addition to the Lino Lakes Correctional Facility. Fines and forfeits decreased because of the down sizing of enforcement on Spring road weight restrictions. Miscellaneous increases are attributed to revenues from new developments and an administrative fee on the issuance of bonds. General fund expenditures totaled $3,966,738 in 1996 compared to $3,557,038 in 1995. The breakdown of expenditures is shown in the following table. Percent 1996 1995 Change General government S1,289,751 $ 1,173,047 9.95% Public safety 1,446,985 1,265,064 14.38% Public works 694,455 700,873 (0.92 %) Parks and recreation 535,547 418,054 28.10% Total $3,966,738 $3,557,038 11.52% — The increase in Public safety is attributed to the addition of two new police officers, and the purchase of two squad cars that in the past have been purchased with equipment certificates. Parks and recreation increased with the purchase of equipment to help maintain the growth of park land throughout the City 11