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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, 2004
<br />G.O. Taxable Area and
<br />Improvement Dedicated Unit
<br />Revenue: General Bonds 2002B Parks Charge
<br />General property taxes $ 5,354,282 $ $ $ -
<br />Tax increments -
<br />Licenses and permits 867,909
<br />Intergovernmental 468,551 - -
<br />Special assessments 8,345 246,881 544,358
<br />Charges for services 199,404 - 198,904
<br />Fines and forfeits 106,053 - -
<br />Investment earnings 42,235 3,554 3,664 101,529
<br />Refunds and reimbursements 38,771 - - -
<br />Miscellaneous 115,992 212,535
<br />Total revenue 7,201,542 250,435 216,199 844,791
<br />Expenditures:
<br />Current:
<br />General government 2,136,371
<br />Public safety 2,798,013 -
<br />Public works 899,483 641,935
<br />Parks, recreation and forestry 737,930 -
<br />Conservation of natural resources 115,631
<br />Capital outlay:
<br />General government 28,874
<br />Public safety 34,634 -
<br />Public works - 43,448
<br />Parks, recreation and forestry 105,924 -
<br />Conservation of natural resources 7,547 -
<br />Debt service:
<br />Principal 170,000
<br />Interest and fiscal charges 98,602
<br />Total expenditures 6,758,483 268,602 105,924 685,383
<br />Revenue over (under) expenditures 443,059 (18,167) 110,275 159,408
<br />Other financing sources (uses): _
<br />Transfer in
<br />Transfer out (142,484) (80,500) (4,037,178)
<br />Sale of property
<br />Issuance of debt 297,159
<br />Discount on bonds issued (1,354)
<br />Payment to refunding bond escrow agent -
<br />Total other financing sources (uses) (142,484) (80,500) (3,741,373)
<br />Net increase (decrease) in fund balance 300,575 (18,167) 29,775 (3,581,965)
<br />Fund balance
<br />Beginning of year
<br />4,909,890 521,795 (699,225) 7,788,560
<br />Fund balance - December 31 $ 5,210,465 $ 503,628 $ (669,450) $ 4,206,595
<br />The accompanying notes are an integral part of these basic financial statements.
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