|
N..
<br />fter
<br />City of Lino Lakes, Minnesota
<br />Management Report, Page 12
<br />The fund balance of the general fund increased by $114,275 in 1994 as follows:
<br />Actual revenues over (under) budgeted revenues:
<br />Property taxes $3,262
<br />Licenses and permits (1,723)
<br />Intergovernmental revenue 2,239
<br />Charges for services 55,439
<br />Interest on investment 37,020
<br />Refunds and reimbursements 503
<br />Miscellaneous 214
<br />Net revenue over budget
<br />Actual expenditures under (over) budgeted expenditures:
<br />General government 5,467
<br />Public safety 2,385
<br />Public works 14,891
<br />Parks, recreation and forestry 7,685
<br />Capital outlay (1,846)
<br />Operating transfer out (11,261)
<br />Net expenditures under budget
<br />$96,954
<br />17.321
<br />Total increase in fund balance $114,275
<br />Detail of the preceding budget variances are presented in Statement 7 of the 1994 Annual
<br />Financial Report.
<br />The City's December 31, 1994 fund balance totaled $1,870,934. The City's General Fund
<br />balance has been as follows for the past ten years:
<br />Fund Balance
<br />Reserved/
<br />December 31, Designated Undesignated Total Increase
<br />1985 $77,624 $350,675 $428,299
<br />1986 83,714 455,666 539,380 $111,081
<br />1987 52,593 589,799 642,392 103,012
<br />1988 96,626 747,836 844,462 202,070
<br />1989 53,290 976,763 1,030,053 185,591
<br />1990 1,169,624 - 1,169,624 139,571
<br />1991 1,265,236 1,265,236 95,612
<br />1992 1,406,296 1,406,296 141,060
<br />1993 1,673,039 83,620 1,756,659 350,363
<br />1994 1,870,934 1,870,934 114,275
<br />
|