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CITY OF LINO LAKES, MINNESOTA
<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />DECEMBER 31, 2013
<br />15
<br />GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED)
<br />At the end of the current fiscal year, the City of Lino Lakes is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate governmental
<br />and business-type activities.
<br />
<br />Governmental activities Governmental activities decreased the City of Lino Lakes’ net position by
<br />$1,309,002. Reductions in Capital Grants and Contributions and in the fair value of investments, interest
<br />on long-term debt service and property tax delinquencies account for this reduction for 2013.
<br />
<br />Business-type activities Business-type activities increased the City of Lino Lakes’ net position by
<br />$522,358. Revenue from Charges for Services and transfers in provided directly for this increase.
<br />
<br />Condensed statements of revenues, expenses, and changes in net position highlights are as follows for
<br />the years ended December 31, 2013 and 2012:
<br />
<br />2013 2012 2013 2012 2013 2012
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services $ 1,452,169 $ 1,476,261 $ 2,725,139 $ 2,877,590 $ 4,177,308 $ 4,353,851
<br />Operating Grants and Contributions 527,368 450,179 - - 527,368 450,179
<br />Capital Grants and Contributions 941,960 5,125,693 883 20,018 942,843 5,145,711
<br />General Revenues:
<br />Property Taxes 8,392,601 8,461,621 - - 8,392,601 8,461,621
<br />Franchise Taxes 109,438 95,003 - - 109,438 95,003
<br />Other Taxes 61,556 54,085 - - 61,556 54,085
<br />Contributions Not Restricted to
<br /> Specific Programs 4,442 4,941 - - 4,442 4,941
<br />Unrestricted Investment Earnings 216,488 202,828 113,402 102,073 329,890 304,901
<br />Change in Market Value (270,692) - (158,175) - (428,867) -
<br />Gain on Disposal of Capital Assets - 4,175 - - - 4,175
<br />Total Revenues 11,435,330 15,874,786 2,681,249 2,999,681 14,116,579 18,874,467
<br />EXPENSES
<br />General Government 1,566,388 1,883,961 - - 1,566,388 1,883,961
<br />Public Safety 3,950,197 4,046,415 - - 3,950,197 4,046,415
<br />Public Service 4,540,888 5,584,283 - - 4,540,888 5,584,283
<br />Parks, Recreation and Forestry 835,783 1,210,867 - - 835,783 1,210,867
<br />Conservation of Natural Resources 141,204 184,051 - - 141,204 184,051
<br />Community Development 404,726 430,121 - - 404,726 430,121
<br />Interest on Long-Term Debt 951,842 837,755 - - 951,842 837,755
<br />Water - - 927,800 949,121 927,800 949,121
<br />Sewer - - 1,584,395 1,527,637 1,584,395 1,527,637
<br />Total Expenses 12,391,028 14,177,453 2,512,195 2,476,758 14,903,223 16,654,211
<br />CHANGE IN NET POSITION
<br /> BEFORE TRANSFERS (955,698) 1,697,333 169,054 522,923 (786,644) 2,220,256
<br />Transfers (353,304) 41,043 353,304 (41,043) - -
<br />CHANGE IN NET POSITION (1,309,002) 1,738,376 522,358 481,880 (786,644) 2,220,256
<br />Net Position - Beginning of Year 51,400,492 49,662,116 40,900,108 40,418,228 92,300,600 90,080,344
<br />NET POSITION - END OF YEAR 50,091,490$ 51,400,492$ 41,422,466$ 40,900,108$ 91,513,956$ 92,300,600$
<br />Governmental Activities Business-Type Activities Total
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