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<br />City of Lino Lakes, Minnesota
<br />Management Report, Page 4
<br />The calculation of LGA for the City of Lino Lakes for the last three years is as follows:
<br />1991 1992 1993
<br />Prior year aid $163,433 $163,433 $87,664
<br />Reduction under 1991 law (4.034% of 1991 revenue base) (75,769)
<br />Reduction for State demographer costs (8) (153) (153)
<br />Increase under 1992 law (3% of 1992 LGA) 2,630
<br />Subtotal 163,425 87,511 90,141
<br />Aid transfer to schools (3.4% of net tax capacity) 0 0
<br />Final Aid 163,425 87,511 90,141
<br />Aid cuts subsequent to Budget adoption and levy certification:
<br />1991 legislative cut (2.052% of 1991 Revenue Base) (37,848)
<br />1991 legislative cut (1.60% of 1991 Revenue Base) (30,137)
<br />1992 statutory increase (8.50% of initial LGA) 7,449
<br />1993 proposed cut (3% of 1992 LGA) (2,630)
<br />Adjusted aid $95,440 $94,960 $87,511
<br />As shown above, the 1993 Governor's budget proposal includes a provision to cut LGA by
<br />3% of 1992 LGA. This cut is after levy certification and is not replaced by levy authority.
<br />GENERAL AND SPECIAL REVENUE FUNDS
<br />The General and Special Revenue Funds of the City are maintained to account for the current
<br />operating and capital outlay expenditures common to all cities. These basic services include (but
<br />are not limited to) public safety, public works, public welfare and general government.
<br />Since 1981, State aids and local property taxes used to finance the General and Special
<br />Revenue Funds of the City of Lino Lakes were as follows:
<br />State Aids
<br />Property Taxes Total
<br />Year Amount Percent Amount Percent Amount Percent
<br />1981 $300,971 42% $212,914 30% $513,885 72%
<br />1982 283,089 37% 305,804 40% 588,893 77%
<br />1983 349,076 38% 355,684 38% 704,760 76%
<br />1984 403,127 35% 510,245 44% 913,372 79%
<br />1985 455,059 33% 550,302 40% 1,005,361 73%
<br />1986 491,041 35% 585,137 42% 1,076,178 77%
<br />1987 545,674 34% 714,892 44% 1,260,566 78%
<br />1988 549,567 30% 769,915 43% 1,319,482 73%
<br />1989 682,407 33% 848,472 41% 1,530,879 74%
<br />1990 600,419 28% 994,399 46% 1,594,818 74%
<br />1991 452,364 21% 1,179,087 55% 1,631,451 76%
<br />1992 564,514 22% 1,206,998 47% 1,771,512 69%
<br />1993 * 615,176 24% 1,310,477 52% 1,925,653 76%
<br />* 1993 is based on City budget and State estimates
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