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CITY OF LINO LAKES, MINNESOTA
<br />COMBINED STATEMENT OF REVENUE, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE - ALL GOVERNMENTAL FUND TYPES
<br />For The Year Ended December 31, 1998
<br />Statement 2
<br />Totals
<br />Special Debt Capital (Memorandum Only)
<br />Revenue: General Revenue Service Project 1998 1997
<br />General property taxes $2,904,888 $ - $278,062 $806 $3,183,756 $2,939,575
<br />Tax increments 660,943 660,943 498,529
<br />Licenses and permits 726,599 - - 726,599 566,561
<br />Intergovernmental 1,380,063 25,678 37,042 968,403 2,411,186 1,255,395
<br />Special assessments - 748,656 2,224,643 2,973,299 2,870,510
<br />Charges for services 347,485 125,476 - 178,080 651,041 598,920
<br />Fines and forfeits 102,489 - - 102,489 99,390
<br />Investment earnings 137,410 2,830 70,563 908,818 1,119,621 712,851
<br />Refunds and reimbursements 49,975 - - 30,663 80,638 195,711
<br />Miscellaneous 73,454 167,127 240,581 552,695
<br />Total revenue 5,722,363 153,984 1,134,323 5,139,483 12,150,153 10,290,137
<br />Expenditures:
<br />Current:
<br />General government 1,512,560 44,661 955,063 2,512,284 2,415,733
<br />Public safety 1,778,863 - 1,778,863 1,661,090
<br />Public works 673,156 - - 673,156 764,592
<br />Parks and recreation 547,058 116,508 663,566 581,830
<br />Conservation of natural resources 561,160 - 561,160 -
<br />Capital outlay:
<br />General government 47,708 5,409 53,117 107,558
<br />Public safety 35 - 153,335 153,370 199,256
<br />Public works - - 70,727 70,727 518,047
<br />Parks and recreation 175,670 2,955 134,935 313,560 136,464
<br />Conservation of natural resources 32,586 - 32,586 -
<br />Debt service:
<br />Principal - 740,000 740,000 408,000
<br />Interest and fiscal charges 497,653 30,129 527,782 473,398
<br />Construction/acquisition - 12,468,230 12,468,230 2,983,749
<br />Total expenditures 5,328,796 164,124 1,237,653 13,817,828 20,548,401 10,249,717
<br />Revenue over (under) expenditures 393,567 (10,140) (103,330) (8,678,345) (8,398,248) 40,420
<br />Other financing sources (uses):
<br />Operating transfer in 9,428 419,000 1,884,492 2,312,920 272,000
<br />Operating transfer out (26,669) - (2,123,492) (2,150,161) (272,000)
<br />Bond proceeds - 665,959 11,140,041 11,806,000 1,171,020
<br />Total other financing sources (uses) (26,669) 9,428 1,084,959 10,901,041 11,968,759 1,171,020
<br />Net increase (decrease) in fund balance 366,898 (712) 981,629 2,222,696 3,570,511 1,211,440
<br />Fund balance
<br />Beginning of year, as previously stated 3,057,912 38,123 1,009,512 10,933,272 15,038,819 13,827,379
<br />Prior period adjustment (13,478) (191) (1,923) (66,465) (82,057) -
<br />Beginning of year, as restated 3,044,434 37,932 1,007,589 10,866,807 14,956,762 13,827,379
<br />Residual equity transfer in - - - 815,507 815,507 846,211
<br />Residual equity transfer out (815,507) (815,507) (846,211)
<br />Fund balance - December 31 $3,411,332 $37,220 $1,989,218 $13,089,503 $18,527,273 $15,038,819
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<br />The accompanying notes are an integral part of these financial statements.
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