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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, 2007
<br />G.O. Area and Legacy
<br />Improvement Unit Woods Edge
<br />Revenue: General Bonds 2005A Charge Improvement
<br />General property taxes $ 7,249,377 $ - $ $
<br />Tax increments
<br />Licenses and permits 694,435
<br />Intergovernmental 657,674 - 4,994,021
<br />Special assessments 3,103 364,730 1,027,869
<br />Charges for services 340,588 229,910
<br />Fines and forfeits 139,932
<br />Investment earnings 206,117 28,175 138,837 68,874
<br />Refunds and reimbursements 16,274 - -
<br />Miscellaneous 152,985 50
<br />Total revenue 9,460,485 392,905 1,396,616 5,062,945
<br />Expenditures:
<br />Current:
<br />General government 1,929,351
<br />Public safety 3,513,460 -
<br />Public works 1,287,734 401,942 5,736,957
<br />Parks, recreation and forestry 866,944 -
<br />Conservation of natural resources 183,346
<br />Community development 760,237
<br />Capital outlay:
<br />General government 2,611
<br />Public safety 33,825
<br />Public works 7,926 1,344,629
<br />Parks, recreation and forestry 27,963
<br />Conservation of natural resources 5,799
<br />Community development 1,565
<br />Debt service:
<br />Principal 195,000
<br />Interest and fiscal charges 273,180
<br />Total expenditures 8,620,761 468,180 401,942 7,081,586
<br />Revenue over (under) expenditures
<br />839,724 (75,275) 994,674 (2,018,641)
<br />Other financing sources (uses):
<br />Transfer in 34,200 979,392
<br />Transfer out (826,127) (1,122,648) (152,406)
<br />Sale of property
<br />Issuance of debt 4,196,541
<br />Discount on bonds issued (25,798)
<br />Total other financing sources (uses) (791,927) (1,122,648) 4,997,729
<br />Net increase (decrease) in fund balance 47,797 (75,275) (127,974) 2,979,088
<br />Fund balance
<br />Beginning of year
<br />Fund balance - December 31
<br />5,490,234 585,551 2,599,590 265,927
<br />$ 5,538,031 $ 510,276 $ 2,471,616 $ 3,245,015
<br />The accompanying notes are an integral part of these basic financial statements.
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