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Audit Report 12/31/1979
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Audit Report 12/31/1979
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12/4/2013 12:46:15 PM
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Audit Report 12/31/1979
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12/31/1979
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CITY OF LINO LAKES <br />DEBT SERVICE FUND <br />STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE <br />For the Years Ended December 31, 1979 and 1978 <br />REVENUE <br />General property taxes: <br />Current and penalties <br />Fiscal disparities <br />Intergovernmental revenue: <br />State homestead credit <br />Other revenue: <br />Interest earned on investments <br />Total Revenue <br />EXPENDITURES <br />Debt Service: <br />Principal retirement <br />Interest <br />Fiscal agent fee <br />Municipal Building <br />Bonds of 1970 <br />1979 1978 <br />$ 9,096 $ 9,775 <br />585 534 <br />2,505 2,584 <br />412 488 <br />$12,598 $13,381 <br />10,000 <br />2,378 <br />25 <br />10,000 <br />3,050 <br />25 <br />Total Expentitures $12,403 $13,075 <br />Excess of Revenue (Expenditures) <br />Fund Balance - Beginning of year <br />Fund Balance - End of Year <br />See Notes. to Financial Statements <br />- 23 - <br />195 306 <br />20,300 19,994 <br />$20,495 $20,300 <br />
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