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Management Report and Recommendations 12/31/1993
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Management Report and Recommendations 12/31/1993
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Management Report & Recommendations
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12/31/1993
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City of Lino Lakes, Minnesota <br />Management Report, Page 11 <br />The fund balance of the general fund increased by $350,363 in 1993 as follows: <br />Actual revenues over (under) budgeted revenues: <br />Property taxes $43,033 <br />Licenses and permits 49,729 <br />Intergovernmental revenue 20,831 <br />Charges for services 51,711 <br />Fines and forfeits (181) <br />Interest on investment 21,820 <br />Miscellaneous 2,078 <br />Operating transfer in 4,801 <br />Net revenue over budget <br />Actual expenditures under (over) budgeted expenditures: <br />General government 30,512 <br />Public safety 14,414 <br />Highways and streets 8,106 <br />Parks, recreation and forestry 29,030 <br />Other 11,717 <br />Economic development 4,604 <br />Capital outlay (9,980) <br />Contingency 71,036 <br />Operating transfer out (2,898) <br />Net expenditures under budget <br />$193,822 <br />156,541 <br />Total increase in fund balance $350,363 <br />Detail of the preceding budget variances are presented in Statement 7 of the 1993 Annual <br />Financial Report. <br />
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