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CITY OF LINO LAKES, MINNESOTA
<br />CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS,
<br />LAST TEN FISCAL YEARS
<br />(modified accrual basis of accounting)
<br />Fiscal Year
<br />1999 2000 2001 2002
<br />Revenues
<br />Property Taxes $ 4,571,934 $ 5,213,896 $ 5,856,349 $ 6,243,200
<br />Licenses and Permits 823,719 884,746 1,016,456 913,498
<br />Intergovernmental 1,047,725 802,456 2,101,953 858,816
<br />Special Assessments 2,519,598 3,106,359 1,783,237 2,050,015
<br />Charges for Services 562,359 618,295 684,264 611,414
<br />Fines and Forfeits 87,434 124,458 101,559 100,393
<br />Investment Earnings 230,921 930,177 571,248 447,182
<br />Miscellaneous 472,609 685,621 699,020 710,513
<br />Total revenues 10,316,299 12,366,008 12,814,086 11,935,031
<br />Expenditures
<br />Current:
<br />General Government 2,644,205 3,145,791 2,652,762 2,893,683
<br />Public Safety 1,951,820 2,126,696 2,212,932 2,463,004
<br />Public Works 627,925 838,789 1,134,874 1,245,451
<br />Parks, Recreation and Forestry 755,215 828,852 914,432 952,039
<br />Conservation of Natural Resources 218,981 106,543 139,599 111,880
<br />Community Development - -
<br />Capital outlay 1,576,616 617,345 992,339 1,057,099
<br />Debt Service
<br />Principal 1,190,734 1,448,570 2,097,050 2,851,332
<br />Interest and fiscal charges 1,076,079 1,041,882 960,281 1,030,395
<br />Construction /Acquisition 8,775,128 725,663 501,810 1,833,592
<br />Total expenditures 18,816,703 10,880,131 11,606,079 14,438,475
<br />Excess (deficiency) of revenues
<br />over expenditures (8,500,404) 1,485,877 1,208,007 (2,503,444)
<br />Other Financing Sources (Uses)
<br />Sale of Property - -
<br />Proceeds from Issuance of Debt 3,600,539 325,450 332,030 2,878,201
<br />Premium on Bonds Issued - -
<br />Discount on Bonds Issued
<br />Payment to Refunded Bond Escrow Agent (961,098) (1,680,000) -
<br />Transfer In 948,297 526,843 412,239 851,472
<br />Transfer Out (997,663) (847,352) (719,889) (1,155,547)
<br />Total other financing sources (uses) 2,590,075 4,941 (1,655,620) 2,574,126
<br />Net change in fund balances $ (5,910,329) $ 1,490,818 $ (447,613) $ 70,682
<br />Debt service as a percentage of
<br />noncapital expenditures 26.8% 26.1% 30.2% 33.6%
<br />97
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