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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENDITURES, AND
<br />CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS
<br />Year Ended December 31, 2011
<br />G.O. Improvement
<br />Improvement Note I35E
<br />Revenue: General Bonds 2005A 2009A Interchange
<br />General property taxes $ 7,499,109 $ - $ $ -
<br />Tax increments
<br />Licenses and permits 322,030
<br />Intergovernmental 590,392
<br />Special assessments 21,813 47,476
<br />Charges for services 367,037
<br />Fines and forfeits 154,020
<br />Investment earnings 54,390
<br />Refunds 27,641
<br />Miscellaneous 149,978
<br />Total revenue 9,186,410 - 47,476
<br />Expenditures:
<br />Current:
<br />General government 1,761,776
<br />Public safety 3,791,329 -
<br />Public works 1,324,246 - 13,792
<br />Parks, recreation and forestry 852,717 -
<br />Conservation of natural resources 134,122
<br />Community development 572,284
<br />Capital outlay:
<br />General government 500
<br />Public safety 6,479 -
<br />Public works - 3,706,142
<br />Parks, recreation and forestry - - -
<br />Conservation of natural resources 22,250
<br />Community development 368 -
<br />Debt service:
<br />Principal - 315,000
<br />Interest and fiscal charges 219,848 153,410
<br />Total expenditures 8,466,071 534,848 153,410 3,719,934
<br />Revenue over (under) expenditures 720,339 (534,848) (105,934) (3,719,934)
<br />Other financing sources (uses):
<br />Transfer in 106,000 83,333
<br />Transfer out (741,964) -
<br />Sale of property - -
<br />Issuance of debt -
<br />Loan payable reapportionment - - (565,000)
<br />Total other financing sources (uses) (741,964) 106,000 (481,667)
<br />Net increase (decrease) in fund balance (21,625) (534,848) 66 (4,201,601)
<br />Fund balance - beginning of year 5,626,805 (1,093,765) 425 4,194,759
<br />Fund balance - December 31 $ 5,605,180 $ (1,628,613) $ 491 $ (6,842)
<br />The accompanying notes are an integral part of these basic financial statements.
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