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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF ACTIVITIES
<br />Year Ended December 31, 2007
<br />Functions/Programs
<br />Governmental activities:
<br />General government
<br />Public safety
<br />Public services
<br />Parks, recreation and forestry
<br />Conservation of natural resources
<br />Community development
<br />Interest on long -term debt
<br />Total governmental activities
<br />Business -type activities:
<br />Water
<br />Sewer
<br />Total business -type activities
<br />Total
<br />Expenses
<br />$ 2,197,672
<br />3,730,504
<br />10,580,560
<br />1,357,133
<br />183,420
<br />1,122,802
<br />980,849
<br />20,152,940
<br />1,170,902
<br />1,298,963
<br />2,469,865
<br />$ 22,622,805
<br />Program Revenues
<br />Charges for
<br />Services
<br />$ 91,646
<br />1,078,995
<br />389,489
<br />185,803
<br />4,559
<br />15,839
<br />1,766,331
<br />1,21 5,763
<br />1,446,112
<br />2,661,875
<br />$ 4,428,206
<br />Operating
<br />Grants and
<br />Contributions Contributions
<br />Capital Grants and
<br />$ 18,789 $
<br />184,583
<br />167,185 7,189,346
<br />218,475
<br />37,759
<br />225,000
<br />851,791 7,189,346
<br />■
<br />46,516
<br />34,234
<br />80,750
<br />$ 851,791 $ 7,270,096
<br />General revenues:
<br />Taxes:
<br />Property taxes, levied for general purpose
<br />Franchise taxes
<br />Other taxes
<br />Grants and contributions not restricted to specific programs
<br />Unrestricted investment earnings
<br />Gain on disposal of capital assets
<br />Transfers
<br />Total general revenues and transfers
<br />Change in net assets
<br />Net assets - beginning
<br />Net assets - ending
<br />The accompanying notes are an integral part of these basic financial statements.
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