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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2022
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<br />REVENUE PLEDGED
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<br />Future revenue pledged for the payment of long-term debt is as follows:
<br />
<br />Remaining Principal Pledged
<br />Term of Principal and Interest Revenue
<br />Bond Issue Use of Proceeds Type Pledge and Interest Paid Received
<br />Certificates of Indebtedness Equipment purchases Ad valorem taxes 2019- 2023 $101,237 $233,843 $245,535
<br />2007A G.O. TIF Bonds Infrastructure improvements 2008 - 2024 $567,791 $272,504 $272,504
<br />2012A G.O. Bonds Infrastructure improvements 2013 - 2024 $335,363 $166,400 $178,794
<br />2013A Improvement Bonds Infrastructure improvements Special assessments 2014 - 2024 $135,200 $71,500 $39,000
<br />2014A Improvement Bonds Infrastructure improvements Special assessments 2015 - 2026 $518,479 $162,055 $123,704
<br />2015A G.O. Bonds Infrastructure improvements Ad valorem taxes 2016 - 2031 $2,116,044 $252,163 $267,869
<br />2015B EDA Lease Revenue Bonds Construction of a fire station Ad valorem taxes 2016 - 2036 $4,187,194 $299,013 $316,300
<br />2016A Capital Note Cable communications equipment Franchise fees 2016 - 2024 $72,237 $35,904 $37,699
<br />2016A Utility Revenue Bonds Water infrastructure improvements 2017 - 2027 $772,050 $156,100 $156,100
<br />2016C G.O. Tax Abatement Bonds Infrastructure improvements Ad valorem taxes 2017 - 2023 $307,288 $296,605 $325,054
<br />2018A G.O. Bonds Infrastructure improvements 2019-2034 $7,457,819 $637,538 $527,213
<br />2020A G.O. Utility Revenue Bonds Infrastructure improvements 2021-2035 $4,492,700 $348,400 $348,400
<br />2021A G.O. Street Reconstruction Bonds Infrastructure improvements 2021-2032 $1,982,258 $36,237 $209,680
<br />Current YearRevenue Pledged
<br />Ad valorem taxes
<br />Trunk utility charges via
<br />transfers
<br />Ad valorem taxes, trunk
<br />utility charges, special
<br />assessments
<br />Tax increment, MSA
<br />funding via transfers
<br />Ad valorem taxes,
<br />special assessments
<br />Trunk utility charges via
<br />transfers
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<br />64
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