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City of Lino Lakes, Minnesota
<br />Management Report, Page 17
<br />The City's December 31, 1991 fund balance totaled $1,265,236. The City's General Fund
<br />balance has been as follows for the past ten years:
<br />Fund Balance
<br />Year Ended Reserved/ Increase
<br />December 31, Designated Undesignated Total (Decrease)
<br />1982 46,466 13,355 $59,821
<br />1983 51,084 80,032 131,116 $71,295
<br />1984 116,770 126,153 242,923 111,807
<br />1985 77,624 350,675 428,299 185,376
<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 0 1,169,624 139,571
<br />1991 1,265,236 0 1,265,236 95,612
<br />The increase in designated fund balance reflects the City's adoption of a reserve policy
<br />pursuant to resolution 91 -3. We concur with the City's efforts to define needed levels of reserve
<br />balances.
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