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City of Lino Lakes, Minnesota <br />Management Report, Page 15 <br />GENERAL FUND <br />The financial statements of the General Fund are presented in Statements 6 and 7 of the Annual <br />Financial Report. The fund balance of the General Fund increased by $202,000 in 1988 as <br />follows: <br />Budgeted increase (decrease) in fund balance $36,967 <br />Actual revenues over (under) budgeted revenues: <br />Property taxes ($39,551) <br />Licenses and permits 57,496 <br />Intergovernmental revenue 11,340 <br />Charges for services 1,114 <br />Fines and forfeits 6,142 <br />Interest on investment 25,014 <br />Miscellaneous 40,050 <br />Net revenue over budget <br />Actual expenditures under (over) <br />budgeted expenditures: <br />General government (57,945) <br />Public safety 13,083 <br />Highways and streets 133,206 <br />Parks 18,203 <br />Other (36,911) <br />Capital outlay (6,138) <br />Net expenditures under budget <br />101,605 <br />63.498 <br />Total improvement $202,070 <br />Detail of the preceding budget variances are presented in Statement 7 of the 1988 Annual <br />Financial Report. <br />A portion of the under budget for Highways and Streets relates to $40,000 of sealcoating <br />which was not completed in 1988. The City intends to complete this work in 1989. <br />