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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, 2012
<br />G.O. Improvement Municipal
<br />Improvement Note State
<br />Revenue: General Bonds 2005A 2009A Aid
<br />General property taxes $ 7,183,444 $ $ $
<br />Tax increments -
<br />Licenses and permits 319,172 -
<br />Intergovernmental 462,023 - 3,941,961
<br />Special assessments 33,358 51,724 -
<br />Charges for services 309,777 -
<br />Fines and forfeits 155,956 -
<br />Investment earnings 38,603 - 33,554
<br />Refunds 58,416 - -
<br />Miscellaneous 104,819
<br />Total revenue 8,665,568 51,724 3,975,515
<br />Expenditures:
<br />Current:
<br />General government 1,608,240
<br />Public safety 3,861,265 - -
<br />Public works 1,226,865 >' 8,953/
<br />Parks, recreation and forestry 868,068 -
<br />Conservation of natural resources 165,858
<br />Community development 430,102/ -
<br />Capital outlay:
<br />General government 7,616
<br />Public safety 20,417 / - -
<br />Public works - - -
<br />Conservation of natural resources 6,250 -
<br />Debt service:
<br />Principal 330,000 -
<br />Interest and fiscal charges 203,648 98,267
<br />Bond Issuance Costs
<br />Total expenditures 8,194,681 533,648 98,267 8,953
<br />Revenue over (under) expenditures 470,887 (533,648) (46,543) 3,966,562
<br />Other financing sources (uses):
<br />Transfer in 159,000 46,543
<br />Transfer out (842,250) - - (368,569)
<br />Sale of property -
<br />Issuance of debt -
<br />Total other financing sources (uses) (842,250) 159,000 46,543 (368,569)
<br />Net increase (decrease) in fund balance (371,363) (374,648) - 3,597,993
<br />Fund balance - beginning of year 5,605,180 (1,628,613) 491 1,439,143
<br />Fund balance - December 31 $ 5,233,817 $ (2,003,261) $ 491 $ 5,037,136
<br />The accompanying notes are an integral part of these basic financial statements.
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