My WebLink
|
Help
|
About
|
Sign Out
Home
Search
Management Report and Recommendations 12/31/1990
LinoLakes
>
Finance
>
Annual Financial Statements
>
Management Report and Recommendations 12/31/1990
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/19/2014 11:32:42 AM
Creation date
5/19/2014 11:10:00 AM
Metadata
Fields
Template:
Finance Dept
Finance Category
Audit
Finance Number Identifier
Management Report and Recommendations
Date
12/31/1990
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
69
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
WNW <br />City of Lino Lakes, Minnesota <br />Management Report, Page 6 <br />The 1990 and 1991 State Aid cuts have been calculated on a percent of revenue base. <br />Additionally, the revenue base was the first factor in the realigned LGA formula as follows: <br />I. Formula aid increase: <br />Prior year City revenue base: <br />Property tax levy <br />Local government aid <br />subtotal <br />Expenditure /unlimited aid ratio applicable percentage <br />Total <br />II. City initial aid increase: <br />City revenue guarantee: <br />1989 - (households x per household guarantee x 1.08) <br />1990 - (households x per household guarantee x 1.04) <br />Less prior year tax capacity <br />Total (cannot be less than zero) <br />III. Statutory tax base increase: <br />Prior year property tax levy <br />Less prior year fiscal disparities distribution levy <br />subtotal <br />Statutory percent <br />Total <br />IV. Maximum Aid Increase: <br />15% of prior year local govemment aid <br />V . Minimum Aid Increase: <br />Minimum 2% increase prior to aid transfer <br />VI. Alternate Formula Additional Aid Increase: <br />50% of lesser of City revenue guarantee or revenue base <br />Reduction ratio:1 -(tax capacity per household/435) <br />subtotal <br />Less aid increase before alternate formula <br />Less disparity reduction aid <br />Additional aid increase <br />1990 <br />$1,146,874 <br />331225 <br />1,478,099 <br />x 2.00% <br />$29,562 <br />$1,216,659 <br />(1,305,168) <br />$0 <br />$1,146,874 <br />(250,613) <br />896,261 <br />x 20.00% <br />$179,252 <br />$49,684 <br />$6,625 <br />1989 <br />$1,146,879 <br />232,472 <br />1,379,351 <br />x 6.00% <br />$82,761 <br />$1,263,453 <br />(835,103) <br />$428,350 <br />$1,146,879 <br />(208,528) <br />938,351 <br />x 20.00% <br />$187,670 <br />N/A <br />$4,649 <br />$631,727 <br />x 0.156322 <br />98,753 <br />(82,761) <br />0 <br />$15,992 <br />
The URL can be used to link to this page
Your browser does not support the video tag.