|
City of Lino Lakes, Minnesota
<br />Management's Discussion and Analysis
<br />December 31, 2006
<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 assets, both for the government as a whole, as well as for its separate governmental and
<br />business -type activities.
<br />Governmental activities. Governmental activities increased the City of Lino Lakes' net assets by
<br />$3,682,065, thereby accounting for 60 percent of the total growth in the net assets of the City of Lino
<br />Lakes. The most significant change in governmental net assets is due to the effect of accounting for net
<br />assets under the full accrual basis. Under full accrual accounting, current year outlay for infrastructure will
<br />be expensed over the useful life of the infrastructure. This capital outlay for the infrastructure is budgeted
<br />for during the current year.
<br />Business -type activities. Business -type activities increased the City of Lino Lakes' net assets by
<br />$2,451,319, thereby accounting for 40 percent of the total growth in the net assets of the City of Lino
<br />Lakes. Developers' contribution of infrastructure assets to the water and sewer funds accounted for a
<br />significant portion of that increase.
<br />Condensed statements of revenues, expenses, and changes in net assets highlights are as follows for the
<br />year ended December 31, 2006:
<br />REVENUES
<br />Program Revenues
<br />Charges for Services
<br />Operating Grants and Contributions
<br />Capital Grants and Contributions
<br />General Revenues
<br />Property Taxes
<br />Franchise Taxes
<br />Other Taxes
<br />Unrestricted Investment Earnings
<br />Gain on Disposal of Capital Assets
<br />Contributions to Permanent Fund
<br />Other
<br />Total Revenues
<br />EXPENSES
<br />General Government
<br />Public Safety
<br />Public Service
<br />Parks, Recreation and Forestry
<br />Conservation of Natural Resources
<br />Community Development
<br />Interest on Long -Term Debt
<br />Water
<br />Sewer
<br />Total Expenses
<br />CHANGE IN NET ASSETS
<br />BEFORE TRANSFERS
<br />Transfers
<br />CHANGE IN NET ASSETS
<br />Net Assets - Beginning of Year
<br />NET ASSETS - END OF YEAR
<br />Governmental Activities
<br />2006 2005
<br />Business -Type Activities Total
<br />2006 2005
<br />2006
<br />2005
<br />$ 1,570,002 $ 1,772,586 $ 2,566,874 $ 2,392,934 $ 4,136,876 $ 4,165,520
<br />643,749 761,924 - - 643,749 761,924
<br />5,963,204 10,128,024 1,535,631 1,733,775 7,498,835 11,861,799
<br />8,128,684 7,247,977
<br />140,408 134,487
<br />852 951
<br />713,794 433,387 253,787 120,310
<br />33,217
<br />100,000
<br />60,955
<br />17,193,910
<br />2,886,825
<br />3,516,376
<br />3,871,968
<br />1,162,458
<br />156,592
<br />691,880
<br />926,021
<br />13,212,120
<br />3,981,790
<br />(299,725)
<br />3,682,065
<br />20,640,291
<br />2,941,279
<br />3,091,174
<br />9,187,436
<br />799,335
<br />150,092
<br />383,211
<br />797,341
<br />17,349,868
<br />3,290,423
<br />(304,195)
<br />2,986,228
<br />4,356,292 4,247,019
<br />976,575
<br />1,228,123
<br />876,592
<br />1,217,825
<br />2,204,698 2,094,417
<br />8,128,684 7,247,977
<br />140,408 134,487
<br />852 951 °-
<br />967,581 553,697
<br />33,217 -
<br />100,000
<br />60,955
<br />21,550,202 24,887,310
<br />2,886,825 2,941,279
<br />3,516,376 3,091,174
<br />3,871,968 9,187,436
<br />1,162,458 799,335
<br />156,592 150,092
<br />691,880 383,211
<br />926,021 797,341
<br />976,575 876,592
<br />1,228,123 1,217,825 'R
<br />15, 416, 818 19, 444, 285
<br />2,151,594 2,152,602 6,133,384 5,443,025
<br />299,725 304,195
<br />2,451,319 2,456,797
<br />6,133,384 5,443,025
<br />51,088,083 48,101,855 33,915,170 31,458,373 85,003,253 79,560,228
<br />$ 54,//0,148 $ 51,088,083 $ 36,366,489 $ 33,915,170 $ 91,136,637 $ 85,00d,253
<br />14
<br />OMNI
<br />Mir
<br />
|