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CITY OF LINO LAKES, MINNESOTA <br />NOTE TO REQUIRED SUPPLEMENTARY INFORMATION <br />December 31, 2012 <br />CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF FUNDING PROGRESS FOR POSTEMPLOYMENT BENEFIT PLAN <br />December 31, 2013 <br />Actuarial UAAL as a <br />Note 1 BUDGETS Actuarial Accrued Percentage <br />Actuarial Value of Liability Unfunded Funded Covered of Covered <br />The General Fund budget is legally adopted on a basis consistent with U.S. Generally Accepted Accounting Principles. Valuation Assets (AAL) AAL Ratio Payroll Payroll <br />The legal level of budgetary control is at the department level. The following is a listing of expenditures that exceeded Date (a) (b) (b -a) (a/b) (c) ((b-a)/c) <br />budget appropriations. 1/1/2008 $ - $ 329,191 $ 329,191 - $ 4,859,980 6.8% <br />1/1/2011 - 474,770 474,770 - 4,888,702 9.7% <br />Final <br />Budget <br />Actual <br />Actual in <br />Excess of <br />Budget <br />General Fund: <br />General government: <br />Engineering/planning $ 106,400 $ 108,700 $ (2,300) <br />Public works: <br />Fleet 353,269 386,341 (33,072) <br />Parks and recreation: <br />Recreation: 294,664 296,120 (1,456) <br />Conservation of natural resources: <br />Solid waste abatement 41,949 43,104 (1,155) <br />The excess expenditures were covered by more than anticipated revenues during 2013. <br />