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IIIIMP <br />City of Lino Lakes, Minnesota <br />Management Report <br />General Fund <br />The fund balance of the general fund increased by $334,887 in 1997 as follows: <br />Budgeted increase in fund balance $87,900 <br />Actual revenues over (under) budgeted revenues: <br />Property taxes $375 <br />Licenses and permits 18,291 <br />Intergovernmental revenue 36,479 <br />Charges for services 2,140 <br />Fines and forfeits 4,390 <br />Interest on investment 48,212 <br />Refunds and reimbursements 12,688 <br />Miscellaneous 1,589 <br />Net revenue over budget <br />Actual expenditures under (over) budgeted expenditures: <br />General government 66,004 <br />Public safety 11,720 <br />Public works 36,331 <br />Parks, recreation and forestry 8,824 <br />Capital outlay (56) <br />Net expenditures under budget <br />124,164 <br />122,823 <br />Total increase in fund balance $334,887 <br />Detail of the preceding budget variances are presented in Statement 7 of the 1997 Annual <br />— Financial Report. <br />4 <br />4 <br />Page 20 <br />