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CITY OF LINO LAKES
<br />SUMMARY FINANCIAL REPORT
<br />The purpose of this report is to provide a summary of financial information concerning the City
<br />of Lino Lakes to interested citizens. The complete financial statement may be examined
<br />at the City of Lino Lakes, 1189 Main Street, Lino Lakes, Minnesota, 55014. Questions
<br />about this report should be directed to Mary Vaske, Finance Director at 464 -5562.
<br />The following summaries are from the general purpose financial statements of the City for the
<br />years ended December 31, 1996 and 1997. The right hand column shows the percentage
<br />change in dollars between the two years.
<br />Revenues and Expenditures for General Operations
<br />(Governmental Funds)
<br />Total Total Increase
<br />Revenues 1996 1997 (Decrease)
<br />Taxes 2,631,577 2,939,575 11.70%
<br />Special Assessments 2,123,583 2,870,510 35.17%
<br />Intergovernmental Revenues 1,795,541 1,255,395 - 30.08%
<br />Licenses & Permits 788,480 566,561 - 28.15%
<br />Charges for Services 622,606 598,920 -3.80%
<br />Others 1,535,612 2,059,176 34.09%
<br />TOTAL 9,497,399 10,290,137 8.35%
<br />Expenditures
<br />General Government 1,490,856 2,415,733 62.04%
<br />Public Safety 1,438,478 1,661,090 15.48%
<br />Public Works 723,696 764,592 5.65%
<br />Parks, Recreation & Forestry 508,331 581,830 14.46%
<br />Construction /Acquisition 3,408,812 2,983,749 - 12.47%
<br />Capital Outlay 510,747 961,325 88.22%
<br />Debt Service 2,880,061 881,398 - 69.40%
<br />TOTAL 10,960,981 10,249,717 -6.49%
<br />Excess of Revenues Over(Under)
<br />Expenditures (1,463,5821 40,420 - 102.76%
<br />Other Financing Sources (Uses)
<br />Borrowing 4,866,978 1,171,020 - 75.94%
<br />Transfers in lout) 0 0 "'
<br />fund Equity, Beginning of the Year 10,423,983 13,827,379 32.65%
<br />Fund Equity, End of Year 13,827,379 15,038,819 8.76%
<br />City of Lino Lakes
<br />Key Financial Health indicators
<br />1997 1996 1995
<br />Current Population 13,756 13,756 13,097
<br />Net Tax Capacity 9,679,139 8,807,254 7,825,611
<br />Percent of Property Tax Collected 99.02% 99.08% 99.22%
<br />City Revenues Per Capita 748.05 690,42 593.28
<br />(Governmental Funds)
<br />City Expenditures Per Capita 745.11 832.87 650.39
<br />(Governmental Funds)
<br />Bond Rating Baal Baa1 Baal
<br />The complete financial report available at the City of Lino Lakes includes the detail of this report.
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