Management Report and Recommendations 12/31/1982

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City of Lino Lakes Management Report, Page 23 Budgeted increase $ 32,000 Actual revenues over (under) budgeted revenues: Licenses and permits $ (28,600) Special assessments 18,000 Fines and forfeits 11,000 Charges for services .500 Tax collections and homestead credit (32,600) Other revenue (1,700) Net revenue under budget Actual expenditures under (over) budgeted expenditures: General government Public safety Highways and streets All other - net Net expenditures over budget (9,200) 7,800 (9,300) (4,300) (33,400) 1 1 1 (15,000) ' Actual transfers over budgeted transfers 26,200 Total improvement $ 9,800 The budget variance on special assessments was the result of receiving assessment collections on a prior bonded debt fund (which had been closed to the General Fund in 1981). This assessment revenue had not been budgeted. Additional assessments receivable of the General Fund total $9,796 at December 31, 1982. The amount of transfers over budget consists of $11,614 of additional Revenue Sharing transfers to the General Fund and $14,620 transferred for the closing of the Municipal Building Bonds of 1970 Debt Service Fund. 1 1 1 1 1 Statement 7 of the 1982 Annual Financial Report presents additional detail relating II to the above budget variances. 1 1 1 1