Management Report and Recommendations 12/31/1985

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WNW City of Lino Lakes, Minnesota Management Report, Page 4 The above total State aids State Aids 1979 Local Government AId $127,963 Homestead Credits Police AId MSA - Streets Other Aids Totals Percent change consist of the following amounts: 1980 1981 1982 1983 1984 1985 $146,504 1157,862 $148,794 1171,011 1185,196 $196,177 43,450 78,792 112,911 111,829 139,767 188,906 227,711 10,158 11,296 12, 188 14,326 14,245 13,970 13,509 8,080 -0- 13,110 13,935 13,935 2.613 3.030 9.930 8. 140 10.943 1, 120 3,727 $184.184 $239.622 $300.971 $283.089 $349,076 $403,127 $455,059 30.10% 25.60% (5.94%) 23.31% 15.48% 12.88% '- Local government aid had decreased in 1982, but changes to the allocation formula and total amount allocated to the City increased the 1983 local government aid for the City by $22,217. The City received in 1983 an amount equal to the 1982 allocation before State aid cuts due to the State budget situation. The 1985 increase represents a 5.99% increase. The City was budgeted (by the State) to receive $219,700 of local government aid in 1986. Current discussions indicate that this amount may be cut by 8 %. This would result in a $17,800 loss to the City. Additionally the State is proposing an 8% cut in Homestead Credits. This cut would reduce general fund revenue by an addi- tional $19,200. Also, the City's bond fund would lose $1,000 in 1986.