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CITY OF LINO LAKES, MINNESOTA <br />CHANGES IN NET ASSETS, <br />LAST FIVE FISCAL YEARS (Continued) <br />(accrual basis of accounting) <br />2003 <br />General Revenues and Other Changes in Net Assets <br />Governmental activities: <br />Property taxes <br />Unrestricted grants and contributions <br />°.. Unrestricted investment eamings <br />Gain on sale of capital assets <br />Miscellaneous <br />Transfers <br />▪ Total governmental activities <br />Business -type activities: <br />Unrestricted investment eamings <br />Transfers <br />W— Total business -type activities <br />Total primary government <br />Change in Net Assets <br />Govemmental activities <br />Business -type activities <br />Total primary government change in net assets <br />• Note: The City began to report accrual information <br />Maw <br />■ <br />i <br />$ 6,847,470 <br />194,220 <br />(301,355) <br />$ 6,740,335 <br />$ 20,866 <br />301,355 <br />322,221 <br />$ 7,062,556 <br />$ 1,132,061 <br />3,307,589 <br />$ 4,439,650 <br />2004 <br />Fiscal Year <br />2005 <br />2006 <br />2007 <br />$ 6,630,279 $ 7,383,415 $ 8,269,944 $ 8,785,280 <br />256,877 <br />221,302 433,387 713,794 864,578 <br />1,280,957 33,217 17,424 <br />- 160,955 - - <br />(303,108) (304,195) (299,725) (895,687) <br />$ 7,829,430 $ 7,673,562 $ 8,717,230 $ 9,028,472 <br />$ 34,833 $ <br />303,108 <br />337,941 <br />$ 8,167,371 $ <br />120,310 <br />304,195 <br />424,505 <br />8,098,067 <br />$ 2,871,169 $ 2,986,228 <br />2,142,054 2,456,797 <br />$ 5,013,223 $ 5,443,025 <br />when it implemented GASB 34 in fiscal year 2003. <br />89 <br />$ 253,787 $ 365,822 <br />299,725 895,687 <br />553,512 1,261,509 <br />$ 9,270,742 $ 10,289,981 <br />$ 3,682,065 $ (1,317,000) <br />2,451,319 1,534,269 <br />$ 6,133,384 $ 217,269 <br />