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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, 2010
<br />G.O. Area and
<br />Improvement I35E Unit
<br />Revenue: General Bonds 2005A Interchange Charge
<br />General property taxes $ 7,566,099 $ - $ $
<br />Tax increments
<br />Licenses and permits 330,138
<br />Intergovernmental 609,781
<br />Special assessments 10,172 - 457,351
<br />Charges for services 364,605 239,954
<br />Fines and forfeits 127,203 - -
<br />Investment earnings 45,811 100 66,444
<br />Refunds 26,841 -
<br />Miscellaneous 152,842
<br />Total revenue 9,233,492 100 763,749
<br />Expenditures:
<br />Current:
<br />General government 1,725,871
<br />Public safety 3,798,106 -
<br />Public works 1,284,519 9,364 3,420
<br />Parks, recreation and forestry 785,462 -
<br />Conservation of natural resources 175,062
<br />Community development 602,891
<br />Capital outlay:
<br />General government -
<br />Public safety 7,890
<br />Public works
<br />Conservation of natural resources 2,151
<br />Debt service:
<br />Principal 300,000
<br />Interest and fiscal charges 235,322
<br />Total expenditures 8,381,952 535,322 9,364 3,420
<br />Revenue over (under) expenditures 851,540 (535,322) (9,264) 760,329
<br />Other financing sources (uses):
<br />Transfer in
<br />Transfer out
<br />Sale of property
<br />Issuance of debt
<br />Premium on bonds issued
<br />Payment to refunding bond escrow agent
<br />Total other financing sources (uses)
<br />Net increase (decrease) in fund balance
<br />Fund balance -
<br />Beginning of year
<br />Fund balance - December 31
<br />(612,699)
<br />(612,699)
<br />(100,000) (79,581)
<br />(100,000) (79,581)
<br />238,841 (535,322) (109,264) 680,748
<br />5,387,964 (558,443) 4,304,023 2,898,162
<br />$ 5,626,805 $ (1,093,765) $ 4,194,759 $ 3,578,910
<br />The accompanying notes are an integral part of these basic financial statements.
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