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City of Lino Lakes, Minnesota <br />Management Report, Page 13 <br />The fund balance of the general fund increased by $215,297 in 1995 as follows: <br />Budgeted decrease in fund balance ($50,000) <br />Actual revenues over (under) budgeted revenues: <br />Property taxes $19,062 <br />Licenses and permits 202,497 <br />Intergovernmental revenue (2,426) <br />Charges for services (78,657) <br />Fines and forfeits 13,861 <br />Interest on investment 28,659 <br />Refunds and reimbursements (4,519) <br />Miscellaneous (9,222) <br />Net revenue over budget <br />Actual expenditures under (over) budgeted expenditures: <br />General government 12,868 <br />Public safety 26,824 <br />Public works 27,497 <br />Parks, recreation and forestry 7,369 <br />Capital outlay 21,484 <br />Net expenditures under budget <br />169,255 <br />96,042 <br />Total increase in fund balance $215,297 <br />Detail of the preceding budget variances are presented in Statement 7 of the 1995 Annual <br />Financial Report. <br />As previously discussed, licenses and permits are over budget due to increased new home <br />starts in 1995 following the 1994 building moratorium, prison expansion and industrial <br />development. Charges for services are under budget due to decreased administrative and <br />engineering/planning fees being charged, which was a result of the City not issuing improvement <br />bonds in 1995. Public safety expenditures are under budget due mainly to an illness of the police <br />secretary. Public works is under budget due to the hiring of a budgeted new employee late in the <br />year. Capital outlay is under budget due mainly to the delay of ADA purchases and fewer trees <br />being purchased by the City. <br />