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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS
<br />For the Year Ended December 31, 2003
<br />Revenue:
<br />General property taxes
<br />Tax increments
<br />Licenses and permits
<br />Intergovernmental
<br />Special assessments
<br />Charges for services
<br />Fines and forfeits
<br />Investment earnings
<br />Refunds and reimbursements
<br />Miscellaneous
<br />Total revenue
<br />Expenditures:
<br />Current:
<br />General
<br />$ 5,258,505
<br />766,524
<br />385,439
<br />9,630
<br />216,302
<br />97,223
<br />31,829
<br />20,801
<br />107,577
<br />6,893,830
<br />G.O. Taxable
<br />Improvement
<br />Bonds 2002B
<br />565,710
<br />389
<br />566,099
<br />Dedicated
<br />Parks
<br />25,976
<br />2,031
<br />251,642
<br />279,649
<br />Area and
<br />Unit
<br />Charge
<br />1,111,472
<br />191,852
<br />93,348
<br />305
<br />1,396,977
<br />General government 1,951,183 7,447 736,427
<br />Public safety 2,609,171
<br />Public works 902,764 -
<br />Parks, recreation and forestry 725,042
<br />Conservation of natural resources 114,580
<br />Capital outlay:
<br />General government 12,378 200,059
<br />Public safety 19,595
<br />Public works -
<br />Conservation of natural resources 609
<br />Debt service:
<br />Principal
<br />Interest and fiscal charges 109,654
<br />C onstruction/acquisition
<br />Total expenditures 6,335,322 109,654 207,506 736,427
<br />Revenue over (under) expenditures 558,508 456,445 72,143 660,550
<br />Other financing sources (uses):
<br />Operating transfer in
<br />Operating transfer out (1,636) (30,850) (1,374,565)
<br />Bond proceeds - - 428,469
<br />Total other financing sources (uses) (1,636) (30,850) (946,096)
<br />Net increase (decrease) in fund balance 556,872 456,445 41,293 (285,546)
<br />Fund balance
<br />Beginning of year 4,353,018 65,350 (740,518) 8,074,106
<br />Fund balance - December 31 $ 4,909,890 $ 521,795 $ (699,225) $ 7,788,560
<br />The accompanying notes are an integral part of these basic financial statements.
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