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City of Lino Lakes, Minnesota <br />Management Report, Page 16 <br />* Cash flow timing differences. <br />Expenditures are incurred somewhat <br />evenly throughout the year. Property <br />taxes & State aids are not recceived <br />until the second half of the year. A <br />reserve of one -half of such revenues <br />is therefore recommended. <br />* Emergency or unanticipated <br />expenditures.Examples include natural <br />disasters, law suits, comparable worth <br />implementation and premature breakdown <br />of vital equipment. <br />* Capital outlay replacement. <br />Internal escrow for purchases which <br />may exceed amounts available in <br />any single budget cycle. This may <br />also be accomplished through tran- <br />sfers to dedicated replacement funds. <br />* Special City Council Projects. <br />Preliminary studies, interfund loans <br />and minor improvement projects are <br />examples of reserve uses. <br />The overall fund balance of <br />several years: <br />Year Ended <br />December 31, <br />1978 <br />1979 <br />1980 <br />1981 <br />1982 <br />1983 <br />1984 <br />1985 <br />1986 <br />1987 <br />the <br />* Intergovernmental revenue cutbacks. <br />The City is vulnerable to legislative actions at <br />both the Federal & State level. The recent <br />elimination of Revenue Sharing is one example. <br />Annual analysis of Local Government Aid & <br />Homestead Credit formulas is a constant threat. <br />General Fund has been as follows <br />Fund Balance (Deficit) <br />for the past <br />Increase <br />(Decrease) in <br />Designated Undesignated Undesignated <br />$ 11,464 $ 51,249 <br />14,655 50,652 $ (597) <br />18,766 (19,730) (70,382) <br />19,876 30,109 49,839 <br />46,466 13,355 (16,754) <br />51,084 80,032 66,677 <br />116,770 126,153 46,121 <br />77,624 350,675 224,522 <br />83,714 455,666 104,991 <br />52,593 589,799 134,133 <br />