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Honorable Mayor and Members of the City Council <br />City of Lino Lakes <br />Page 14 <br />General Fund — Fund Balance <br />The City's December 31, 1999 fund balance totaled $3,434,474. Fund balances of the General Fund <br />have kept pace with the expenditures in the General Fund as they have increased in each of the past <br />ten years. The percent of expenditures in fund balance shows the relationship of fund balance to the <br />total expenditures in the General Fund. The reason for the drop in the 1998 percentage is that total <br />general fund expenditures increased because of the storm clean up. This is a very positive financial <br />position for the City. <br />$ of Fund Balance & <br />Expenditures <br />Fund Balance and Expenditures vs <br />Percentage of Expenditures in Fund Balance <br />6,000,000 <br />5,000,000 <br />4,000,000 <br />3,000, 000 <br />2,000,000 <br />1,000,000 <br />r <br />1 <br />- 80.0% <br />c <br />- 70.0% LL <br />t- 60.0% c <br />- 50.0% a) v <br />c c <br />40.0% <br />30.0% a) C13 <br />a <br />20.0% w <br />10.0% o <br />` 0.0% <br />MITotal Fund Balance as of December 31, <br />®Annual Expenditures <br />—0"% of Expenditures in Fund Balance <br />The City of Lino Lakes has improved the financial position of its General Fund over the past several <br />years. We commend the City for these actions and encourage the City to continue to monitor its <br />reserve balances. An adequate reserve structure will enable the City to retain its financial <br />independence and integrity during adverse economic conditions. <br />