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CITY OF LINO LAKES, MINNESOTA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />DECEMBER 31, 2013
<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 />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 />Business -type activities Business -type activities increased the City of Lino Lakes' net position by
<br />$522,358. Revenue from Charges for Services and transfers in provided directly for this increase.
<br />Condensed statements of revenues, expenses, and changes in net position highlights are as follows for
<br />the years ended December 31, 2013 and 2012:
<br />REVENUES
<br />Program Revenues:
<br />Charges for Services
<br />Operating Grants and Contributions
<br />Capital Grants and Contributions
<br />General Revenues:
<br />Property Taxes
<br />Franchise Taxes
<br />Other Taxes
<br />Contributions Not Restricted to
<br />Specific Programs
<br />Unrestricted Investment Earnings
<br />Change in Market Value
<br />Gain on Disposal of Capital Assets
<br />Total Revenues
<br />EXPENSES
<br />General Government
<br />Public Safety
<br />Public Service
<br />Parks, Recreation and Forestry
<br />Conservation of Natural Resources
<br />Community Development
<br />Interest on Long -Term Debt
<br />Water
<br />Sewer
<br />Total Expenses
<br />Governmental Activities
<br />Business -Type Activities Total
<br />2013 2012 2013 2012 2013 2012
<br />$ 1,452,169 $ 1,476,261 $ 2,725,139 $ 2,877,590 $ 4,177,308 $ 4,353,851
<br />527,368 450,179 - 527,368 450,179
<br />941,960 5,125,693 883 20,018 942,843 5,145,711
<br />8,392,601 8,461,621
<br />109,438 95,003
<br />61,556 54,085
<br />4,442 4,941
<br />216,488 202,828
<br />(270,692) -
<br />4,175
<br />11,435, 330 15,874,786
<br />1,566,388 1,883,961
<br />3,950,197 4,046,415
<br />4,540,888 5,584,283
<br />835,783 1,210,867
<br />141,204 184,051
<br />404,726 430,121
<br />951,842 837,755
<br />12, 391, 028 14,177,453
<br />8,392,601 8,461,621
<br />109,438 95,003
<br />61,556 54,085
<br />- 4,442 4,941
<br />113,402 102,073 329,890 304,901
<br />(158,175) - (428,867) -
<br />- 4,175
<br />2,681,249
<br />2,999,681 14,116,579 18,874,467
<br />927,800 949,121
<br />1,584,395 1,527,637
<br />2,512,195 2,476,758
<br />1,566,388 1,883,961
<br />3,950,197 4,046,415
<br />4,540,888 5,584,283
<br />835,783 1,210,867
<br />141,204 184,051
<br />404,726 430,121
<br />951,842 837,755
<br />927,800 949,121
<br />1,584,395 1,527,637
<br />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
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