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CITY OF LINO LAKES, MINNESOTA
<br />COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE - NONMAJOR GOVERNMENTAL FUNDS
<br />Year Ended December 31, 2004
<br />Statement 13
<br />Page 4 of 4
<br />Capital Projects (Continued)
<br />Legacy Woods Capital
<br />Edge Projects Totals
<br />Improvement SubTotal 2004
<br />Revenue:
<br />General property taxes $ - $ - $ 883,600
<br />Tax increments - 286,056 286,056
<br />Intergovernmental 71,760 71,760
<br />Special assessments 121,874 787,926
<br />Charges for services - 241,257
<br />Investment earnings 50,223 70,321
<br />Refunds and reimbursements 43,515 43,515
<br />Miscellaneous 258,866 371,366
<br />Total revenue 832,294 2,755,801
<br />Expenditures:
<br />Current:
<br />General government: - 124,720 125,537
<br />Public works: 97,290 1,314,974 1,314,974
<br />Parks, recreation and forestry 217,015
<br />Capital outlay:
<br />Public safety 166,586 166,586
<br />Public works 128,274 128,274
<br />Debt service:
<br />Principal 1,790,000
<br />Interest and fiscal charges 699,803
<br />Total expenditures 97,290 1,734,554 4,442,189
<br />Revenue over (under) expenditures (97,290) (902,260) (1,686,388)
<br />Other financing sources (uses):
<br />Transfer from General Fund 141,869 142,484
<br />Transfer from Capital Project Funds 3,299,286 5,138,943
<br />Transfer from Debt Service Funds 1,879
<br />Transfer to Debt Service Funds (743,882) (745,761)
<br />Transfer to Capital Project Funds - (580,491) (580,491)
<br />Sale of property 1,280,957 1,280,957
<br />Issuance of debt 889,985 898,597
<br />Discount on bonds issued - (2,805) (2,844)
<br />Payment made to refunding bond escrow agent (1,170,000)
<br />Total other financing sources (uses) 4,284,919 4,963,764
<br />Net increase (decrease) in fund balance (97,290) 3,382,659 3,277,376
<br />Fund balance (deficit)
<br />Beginning of year 654,686 3,324,947
<br />Fund balance (deficit) - December 31 $ (97,290) $ 4,037,345 $ 6,602,323
<br />72
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