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1 <br />CITY OF LINO LAKES <br />SPECIAL ASSESSMENT FUNDS i <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE <br />For the Year Ended December 31, 1978 <br />II <br />Improvement Improvement <br />REVENUE Bond of 1974 Bond of 1977 Total <br />II <br />Interest levies on assessments $ 4,442 $ 3,752 $ 8,194 <br />Penalty and interest on delinquent collections 8,240 8,240 II Interest earned on investments 3,977 1,871 5,848 <br />Total Revenue 16,659 5,623 22,282 <br />EXPENDITURES II <br />Capital expenditures 20,353 20,353 II <br />Professional fees 683 2,411 3,094 <br />Debt service: <br />Interest 7,962 3,160 11,122 <br />Fiscal agent fee 27 27 II <br />Total Expenditures 8,672 25,924 34,596 <br />Excess of Revenue (Expenditures) 7,987 (20,301) (12,314) <br />II <br />Fund balance, beginning of year 94,985 26,192 121,177 <br />Fund Balance, End of Year $102,972 $ 5,891 $108.863 I <br />1 <br />1 <br />II <br />1 <br />1 <br />1 <br />The accompanying Notes to Financial Statements are an integral part of this statement. 1 <br />11 - <br />1 <br />