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CITY OF LINO LAKES, MINNESOTA
<br />COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES
<br />For the Year Ended December 31, 1999
<br />Statement 2
<br />Totals
<br />Special Debt Capital (Memorandum Only)
<br />Revenue: General Revenue Service Project 1999 1998
<br />General property taxes $ 2,962,664 $ - $ 772,234 $ $ 3,734,898 $ 3,183,756
<br />Tax increments - - 837,036 837,036 660,943
<br />Licenses and permits 823,719 - 823,719 726,599
<br />Intergovernmental 940,053 20,604 87,068 1,047,725 2,411,186
<br />Special assessments - - 911,271 1,608,327 2,519,598 2,973,299
<br />Charges for services 278,510 164,555 - 119,294 562,359 651,041
<br />Fines and forfeits 87,434 87,434 102,489
<br />Investment earnings 27,655 671 56,904 145,691 230,921 1,119,621
<br />Refunds and reimbursements 74,095 44,960 119,055 80,638
<br />Miscellaneous 149,323 112,500 91,731 353,554 240,581
<br />Total revenue 5,343,453 185,830 1,939,977 2,847,039 10,316,299 12,150,153
<br />Expenditures:
<br />Current:
<br />General government 1,632,349 22,163 989,693 2,644,205 2,512,284
<br />Public safety 1,951,820 - 1,951,820 1,778,863
<br />Public works 626,533 - 1,392 627,925 673,156
<br />Parks and recreation 597,375 157,840 - 755,215 663,566
<br />Conservation of natural resources 218,981 - 218,981 561,160
<br />Capital outlay:
<br />General government 138,720 5,250 143,970 53,117
<br />Public safety 6,349 173,149 179,498 153,370
<br />Public works 1,537 - 100,369 101,906 70,727
<br />Parks and recreation 49,788 9,086 1,078,266 1,137,140 313,560
<br />Conservation of natural resources 14,102 - - 14,102 32,586
<br />Debt service:
<br />Principal 1,190,734 1,190,734 740,000
<br />Interest and fiscal charges 1,029,874 1,029,874 527,782
<br />Refunding bond issuance costs 46,205 46,205
<br />Construction /acquisition - 8,775,128 8,775,128 12,468,230
<br />Total expenditures 5,237,554 189,089 2,266,813 11,123,247 18,816,703 20,548,401
<br />Revenue over (under) expenditures 105,899 (3,259) (326,836) (8,276,208) (8,500,404) (8,398,248)
<br />Other financing sources (uses):
<br />Operating transfer in 155,783 423,850 368,664 948,297 2,312,920
<br />Operating transfer out (238,540) - - (759,123) (997,663) (2,150,161)
<br />Contract for deed proceeds - 600,000 600,000 -
<br />Bond proceeds 2,692,969 307,570 3,000,539 11,806,000
<br />Payment to refunding bond escrow (961,098) - (961,098)
<br />Total other financing sources (uses) (82,757) 2,155,721 517,111 2,590,075 11,968,759
<br />Net increase (decrease) in fund balance 23,142 (3,259) 1,828,885 (7,759,097) (5,910,329) 3,570,511
<br />Fund balance
<br />Beginning of year, as previously stated 3,411,332 37,220 1,989,218 13,089,503 18,527,273 15,038,819
<br />Prior period adjustment - - - (82,057)
<br />Beginning of year, as restated 3,411,332 37,220 1,989,218 13,089,503 18,527,273 14,956,762
<br />Residual equity transfer in - - - 815,507
<br />Residual equity transfer out - (815,507)
<br />Fund balance - December 31 $ 3,434,474 $ 33,961 $ 3,818,103 $5,330,406 $ 12,616,944 $ 18,527,273
<br />The accompanying notes are an integral part of these financial statements.
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