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<br />City of Lino Lakes, Minnesota P a g e | 30
<br />5. Area & Unit Charge Fund
<br />Revenues 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
<br />Special Assessments - Existing 857,827 482,115 336,575 199,618 106,287 67,271 70,264 72,471 75,100 77,706 76,346
<br />Special Assessments - New - 418,140 679,478 888,548 993,083 1,045,350 1,045,350 1,045,350 1,045,350 1,045,350 1,045,350
<br />Trunk Charges & WAC SAC - Pd up front 55,752 55,752 55,752 55,752 55,752 55,752 55,752 55,752 55,752 55,752 55,752
<br />Investment Earnings
<br />Miscellaneous
<br />Total Revenue 913,579 956,007 1,071,804 1,143,917 1,155,122 1,168,373 1,171,366 1,173,573 1,176,202 1,178,808 1,177,448
<br />Operating Expenses
<br />Capital Outlay 1,280,000 1,173,500 1,087,500 811,000 825,000 300,000 3,360,000 - - 1,646,347 210,000
<br />Total Operating Expenses 1,280,000 1,173,500 1,087,500 811,000 825,000 300,000 3,360,000 - - 1,646,347 210,000
<br />Revenue Over (Under) Expenditures (366,421) (217,493) (15,696) 332,917 330,122 868,373 (2,188,634) 1,173,573 1,176,202 (467,539) 967,448
<br />Other Financing Sources (Uses)
<br />Transfer in 281,080 287,680 294,280 300,880 307,480 314,080 320,680 327,280 333,880 340,480 347,080
<br />Transfer out
<br />Bond Proceeds - - 667,500 - - - 3,360,000 - - 1,646,347 -
<br />Debt Service - existing (750,017) (688,056) (685,031) (686,281) (682,769) (678,681) (677,881) (527,706) (529,756) (491,381) (496,147)
<br />Debt Service - new - - - (44,866) (44,866) (44,866) (44,866) (316,242) (316,242) (316,242) (449,211)
<br />Total Non Operating Revenues (Expenses)(468,937) (400,376) 276,749 (430,268) (420,155) (409,468) 2,957,932 (516,668) (512,118) 1,179,204 (598,278)
<br />Net Increase (Decrease) in fund balance (835,359) (617,870) 261,053 (97,350) (90,033) 458,905 769,298 656,905 664,084 711,665 369,170
<br />Beginning Cash & Investments 9,324,188 8,488,829 7,870,960 8,132,013 8,034,662 7,944,629 8,403,534 9,172,832 9,829,737 10,493,821 11,205,486
<br />Net Income (835,359) (617,870) 261,053 (97,350) (90,033) 458,905 769,298 656,905 664,084 711,665 369,170
<br />Ending Cash Balance 8,488,829 7,870,960 8,132,013 8,034,662 7,944,629 8,403,534 9,172,832 9,829,737 10,493,821 11,205,486 11,574,656
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