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(May 10, 2018) City of Lindstrom, Minnesota Summary Financial Report Revenues and Expenditures For General Operations Governmental Funds For the Years Ended December 31, 2017 and 2016

Total 2017 Revenues Taxes Licenses and permits Intergovernmental Charges for services Special assessments Investment earnings Miscellaneous Total Revenues Per Capita Expenditures Current General government Public safety Public works Culture and recreation Housing and economic development Miscellaneous Capital outlay General government Public safety Public works Culture and recreation Housing and economic development Miscellaneous Debt service Principal Interest and other

2016

Percent Increase (Decrease)

$

2,202,547 20,934 461,949 204,949 69,812 42,996 93,783

$

2,127,103 24,303 463,762 228,766 151,062 28,548 92,198

3.55 % (13.86) (0.39) (10.41) (53.79) 50.61 1.72

$ $

3,096,970 688

$ $

3,115,742 698

(0.60) % (1.49) %

$

483,718 895,040 295,949 286,173 2,099 43,863

$

428,639 860,837 282,474 259,237 24,114 35,425

12.85 % 3.97 4.77 10.39 (91.30) 23.82

31,362 111,588 821,254 150,814 4,624 -

10,720 212,999 430,068 120,864 51,710 4,894

192.56 (47.61) 90.96 24.78 (91.06) (100.00)

314,592 77,070

318,703 83,782

(1.29) (8.01)

Total Expenditures Per Capita

$ $

3,518,146 781

$ $

3,124,466 700

12.60 % 11.60 %

Total Long-term Indebtedness Per Capita

$

2,822,000 627

$

3,136,592 703

(10.03) % (10.83)

General Fund Balance - December 31 Per Capita

$

1,221,704 271

$

1,212,805 272

0.73 % (0.16)

The purpose of this report is to provide a summary of financial information concerning the City of Lindstro The complete financial statements may be examined at City Hall, 13292 Sylvan Avenue, Lindstrom, MN 5 this report should be directed to Kay Mattson, Finance Director at (651) 257-0620.


City of Lindstrom, Minnesota Statement of Net Position (Continued on the Following Pages) Proprietary Funds December 31, 2017 Business-type Activities - Enterprise Funds 601 602 609 On-Sale Water Sewer Liquor Store Assets Current Assets Cash and temporary investments Receivables Accounts Special assessments Due from other funds Due from other governments Inventories Total Current Assets

$

Noncurrent Assets Special assessments receivable Advances to other funds Capital assets Land Land improvements Buildings Machinery and equipment Infrastructure Construction in progress Less accumulated depreciation Total Capital Assets (Net of Accumulated Depreciation)

1,871,769

$

1,608,150

$

Business-type Activities - Enterprise Funds 699 652 Off-Sale Storm Water Liquor Store Management Totals

153,079

$

189,818

$

39,330

$

3,862,146

97,457 22,664 78,337 2,070,227

349,021 38,591 6,238 2,002,000

2,471 17,117 172,667

406,969 596,787

23,770 2,901 2,000 68,001

472,719 64,156 84,575 2,000 424,086 4,909,682

351,796

34,514 12,171

-

-

7,886

34,514 371,853

9,758 396,450 6,269,606 (2,765,770) 3,910,044

9,758 282,701 5,131,223 (1,855,909) 3,567,773

12,500 181,793 74,416 (178,009) 90,700

182,397 23,123 404,220 22,687 15,276 (343,472) 304,231

2,500 6,518 1,906,288 (414,264) 1,501,042

194,897 23,123 608,029 782,772 13,307,117 15,276 (5,557,424) 9,373,790

Total Noncurrent Assets

4,261,840

3,614,458

90,700

304,231

1,508,928

9,780,157

Total Assets

6,332,067

5,616,458

263,367

901,018

1,576,929

14,689,839

Deferred Outflows of Resources Deferred pension resources

18,108

11,277

30,577

50,962

1,581

112,505

Liabilities Current Liabilities Accounts payable Accrued salaries payable Due to other governments Due to other funds Total Current Liabilities

43,672 3,522 47,194

9,503 1,944 58,511 69,958

13,927 5,292 19,219

89,978 8,845 98,823

1,560 227 55,090 56,877

158,640 19,830 58,511 55,090 292,071

Business-type Activities - Enterprise Funds 601 602 609 On-Sale Water Sewer Liquor Store Noncurrent Liabilities Pension liability

$

Total Liabilities

68,703

$

42,788

$

116,013

Business-type Activities - Enterprise Funds 699 652 Off-Sale Storm Water Liquor Store Management Totals $

193,354

$

5,999

$

426,857

115,897

112,746

135,232

292,177

62,876

718,928

Deferred Inflows of Resources Deferred pension resources

17,410

10,843

29,399

48,998

1,520

108,170

Net Position Investment in capital assets Unrestricted

3,910,044 2,306,824

3,567,773 1,936,373

90,700 38,613

304,231 306,574

1,501,042 13,072

9,373,790 4,601,456

1,514,114

$ 13,975,246

Total Net Position

$

6,216,868

$

5,504,146

$

129,313

$

610,805

$


City of Lindstrom, Minnesota Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds For the Year Ended December 31, 2017 Business-type Activities - Enterprise Funds 601 602 609 On-Sale Water Sewer Liquor Store Operating Revenues Sales Cost of sales Gross Profit

$

-

$

-

$

406,173 (135,507) 270,666

Business-type Activities - Enterprise Funds 699 652 Off-Sale Storm Water Liquor Store Management Totals

$

2,239,939 (1,647,276) 592,663

$

-

$

2,646,112 (1,782,783) 863,329

Charges for services Total Operating Revenues

329,088 329,088

1,081,371 1,081,371

15,421 286,087

827 593,490

86,864 86,864

1,513,571 2,376,900

Operating Expenses Personnel services Supplies Repairs and maintenance Other services and charges Insurance Utilities Depreciation Total Operating Expenses

110,196 10,415 126,371 69,348 4,230 24,578 179,986 525,124

72,576 6,383 134,701 652,250 8,667 14,964 127,094 1,016,635

161,990 7,670 57,236 31,857 8,639 14,204 5,701 287,297

278,238 9,070 7,437 67,586 7,207 19,946 13,520 403,004

9,707 803 84,331 51,349 146,190

632,707 34,341 325,745 905,372 28,743 73,692 377,650 2,378,250

(196,036)

64,736

(1,210)

190,486

(59,326)

6,386 30,600 36,986

3,320 24,628 27,948

29,794 21 2,224 32,039

592 2,317 2,909

453 453

29,794 10,319 60,222 100,335

(159,050)

92,684

30,829

193,395

(58,873)

98,985

72,233 (86,530)

81,491 (55,601)

(43,550)

(143,880)

55,090 31,483 (56,412)

55,090 185,207 (385,973)

(173,347)

118,574

(12,721)

49,515

(28,712)

(46,691)

142,034

561,290

Operating Income (Loss) Nonoperating Revenues Rental income Miscellaneous Investment earnings Total Nonoperating Revenues Income (Loss) Before Contributions and Transfers Capital Contributions from Other Funds Capital Contributions Transfers Out Change in Net Position Net Position, January 1 Net Position, December 31

6,390,215 $

6,216,868

5,385,572 $

5,504,146

$

129,313

$

610,805

$

(1,350)

1,542,826

14,021,937

1,514,114

$ 13,975,246


City of Lindstrom, Minnesota Statement of Cash Flows (Continued on the Following Pages) Proprietary Funds For the Year Ended December 31, 2017 Business-type Activities - Enterprise Funds 601 602 609 On-Sale Water Sewer Liquor Store Cash Flows from Operating Activities Receipts from customers and users Other operating receipts Payments to suppliers Payments to employees Net Cash Provided (Used) by Operating Activities

$

309,471 6,386 (199,142) (101,884)

Cash Flows from Noncapital Financing Activities Payment received on interfund loan Interfund loan issued Transfers to other funds Net Cash Used by Noncapital Financing Activities Cash Flows from Capital and Related Financing Activities Acquisition of capital assets Connection fees received Capital contributions Special assessments received Net Cash Provided (Used) by Capital and Related Financing Activities Cash Flows from Investing Activities Investment earnings received Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents, January 1

$

$

$

421,475 29,815 (258,062) (169,995)

$

2,241,389 592 (1,786,725) (271,116)

$

85,654 (87,783) (8,686)

$

4,068,061 40,113 (3,153,268) (618,754)

14,831

124,763

23,233

184,140

(10,815)

336,152

21,240 (55,090) (86,530)

5,969 (55,601)

(43,550)

(143,880)

55,090 (56,412)

27,209 (385,973)

(120,380)

(49,632)

(43,550)

(143,880)

(1,322)

(358,764)

(325,037) 68,020 4,213

(145,288) 74,000 7,491

-

(15,276) -

31,483 -

(485,601) 142,020 31,483 11,704

(252,804)

(63,797)

-

(15,276)

31,483

(300,394)

30,600

24,628

2,224

2,317

453

(327,753)

35,962

(18,093)

27,301

19,799

171,172

162,517

19,531

2,199,522

Cash and Cash Equivalents, December 31

1,010,072 3,320 (821,556) (67,073)

Business-type Activities - Enterprise Funds 699 652 Off-Sale Storm Water Liquor Store Management Totals

1,871,769

1,572,188 $

1,608,150

$

153,079

$

189,818

$

39,330

60,222

(262,784) 4,124,930 $

3,862,146

City of Lindstrom, Minnesota Statement of Cash Flows (Continued) Proprietary Funds For the Year Ended December 31, 2017 Business-type Activities - Enterprise Funds 601 602 609 On-Sale Water Sewer Liquor Store Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Depreciation Other income (Increase) decrease in assets/deferred outflows of resources Receivables Accounts Special assessments Due from other governments Inventories Deferred pension resources Increase (decrease) in liabilities/deferred inflows of resources Accounts payable Due to other governments Accrued salaries payable Pension liability Deferred pension resources Net Cash Provided (Used) by Operating Activities Schedule of Noncash Capital and Related Financing Activities Capital assets contributed from other funds

$

(196,036)

$

64,736

$

Business-type Activities - Enterprise Funds 699 652 Off-Sale Storm Water Liquor Store Management Totals

(1,210)

$

190,486

$

(59,326)

$

51,349 -

(1,350)

179,986 6,386

127,094 3,320

5,701 29,815

13,520 592

377,650 40,113

(20,720) 1,103 9,456

(78,874) 7,575 5,625

(119) (48) 25,626

623 (56,560) 33,303

276 (586) (900) 675

(98,814) 8,092 (900) (56,608) 74,685

35,800 897 (8,205) 6,164

2,089 (6,680) 302 (4,371) 3,947

(2,901) 699 (40,799) 6,469

28,357 956 (41,756) 14,619

(2,649) 42 (296) 600

60,696 (6,680) 2,896 (95,427) 31,799

$

14,831

$

124,763

$

23,233

$

184,140

$

(10,815)

$

336,152

$

-

$

-

$

-

$

-

$

55,090

$

55,090

The notes to the financial statements are an integral part of this statement.

Lindstrom summary financial report 2018  
Lindstrom summary financial report 2018  
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