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Management Report and Recommendations 12/31/1991
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Management Report and Recommendations 12/31/1991
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Management Report and Recommendations
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12/31/1991
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City of Lino Lakes, Minnesota <br />Management Report, Page 16 <br />GENERAL FUND <br />The financial statements of the General Fund are presented in Statements 6 and 7 of the 1991 <br />Annual Financial Report. The fund balance of the General Fund increased by $95,612 in 1991 as <br />follows: <br />Budgeted increase in fund balance $5,879 <br />Actual revenues over (under) budgeted revenues: <br />Property taxes ($9,235) <br />Licenses and permits 33,267 <br />Intergovernmental revenue 5,276 <br />Charges for services 116,016 <br />Fines and forfeits (397) <br />Interest on investment 3,818 <br />Miscellaneous 33,169 <br />Net revenue over budget <br />Actual expenditures under (over) <br />budgeted expenditures: <br />General government (35,292) <br />Public safety 12,667 <br />Highways and streets (7,892) <br />Parks 1,845 <br />Other (5,712) <br />Capital outlay (514) <br />Operating transfer out (57,283) <br />Net expenditures (over) budget <br />Total improvement <br />181,914 <br />(92,181) <br />$95,612 <br />Detail of the preceding budget variances are presented in Statement 7 of the 1991 Annual <br />Financial Report <br />
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