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CITY OF LINO LAKES, MINNESOTA <br />CHANGES IN NET ASSETS, <br />LAST FOUR FISCAL YEARS (Continued) <br />(accrual basis of accounting) <br />General Revenues and Other Changes in Net Ass <br />Governmental activities: <br />Property taxes <br />Unrestricted grants and contributions <br />Unrestricted investment earnings <br />Gain on sale of capital assets <br />Miscellaneous <br />Transfers <br />Total governmental activities <br />Business -type activities: <br />— Unrestricted investment earnings <br />Transfers <br />Total business -type activities <br />Total primary government <br />Change in Net Assets <br />Governmental activities <br />— Business -type activities <br />Total primary government net expense <br />MO <br />NM <br />MO <br />Mom <br />Wm <br />Isms <br />Fiscal Year <br />2003 <br />ets <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 2005 <br />2006 <br />$ 6,630,279 $ 7,383,415 $ 8,269,944 <br />221,302 <br />1,280,957 <br />- 160,955 <br />(303,108) (304,195) <br />$ 7,829,430 $ 7,673,562 <br />433,387 713,794 <br />33,217 <br />(299,725) <br />$ 8,717,230 <br />34,833 120,310 <br />303,108 304,195 <br />337,941 424,505 <br />$ 8,167,371 $ 8,098,067 <br />$ 2,871,169 <br />2,142,054 <br />$ 5,013,223 <br />253,787 <br />299,725 <br />553,512 <br />$ 9,270,742 <br />$ 2,986,228 $ 3,682,065 <br />2,456,797 2,451,319 <br />$ 5,443,025 $ 6,133,384 <br />Note: The City began to report accrual information when it implemented GASB 34 in fiscal year 2003. <br />92 <br />