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CITY OF LINO LAKES <br />SPECIAL ASSESSMENT FUNDS <br />STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE <br />For the Year Ended December 31, 1977 <br />Improvement Improvement <br />Bond of 1974 Bond of 1977 Combined <br />REVENUE <br />Principal levies on assessments $ 63,202 $ 63,202 <br />City share of assessments 2,748 2,748 <br />Interest levies on assessments $ 10,435 10,435 <br />Penalty and interest on delinquent collections 17,947 17,947 <br />Interest earned on investments 2,878 807 3,685 <br />Total Revenue 31,260 66,757 98,017 <br />EXPENDITURES <br />Capital expenditures <br />Professional fees <br />Administrative fee <br />Debt service: <br />Interest <br />Fiscal agent fee <br />Total Expenditures <br />Excess of Revenue (Expenditures) <br />Fund balance, beginning of year <br />Fund Balance, End of Year <br />32,697 32,697 <br />839 6,368 7,207 <br />1,500 1,500 <br />10,400 10,400 <br />30 30 <br />11,269 40,565 51,834 <br />19,991 26,192 46,183 <br />74,994 -0- 74,994 <br />$ 94,985 $ 26.192 $121.177 <br />The accompanying Notes to Financial Statements are an integral part of this statement. <br />