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1
<br />CITY OF LINO LAKES
<br />SPECIAL ASSESSMENT FUNDS
<br />COMBINING BALANCE SHEET
<br />As of December 31, 1979 ,
<br />1979 1978
<br />Improvement Improvement Improvement
<br />Bond of 1974 Bond of 1977 Bond of 1979 Total Total
<br />ASSETS
<br />Cash and temporary II investments $134,436 $21,908 $ 875,599 $1,031,943 $158,201
<br />Special assessments
<br />receivable: II Delinquent 37,091 668 37,759 60,904
<br />Deferred principal levies 35,299 35,299 51,568
<br />Accrued interest receivable 2,323 3,026 5,349
<br />Unamortized bond discount 9,256 9,256
<br />II
<br />Amount to be provided
<br />for debt service 926,956 926,956
<br />Total Assets $173,850 $57,875 $1,814,837 $2,046,562 $270,743
<br />II
<br />LIABILITIES AND FUND
<br />BALANCE
<br />Liabilities:
<br />Accrued interest payable $ 5,400 $ 5,400
<br />Bonds payable (Note 4) $ 70,000 $50,560 935,000 1,055,560 $161,880
<br />Total Liabilities 70,000 50,560 940,400 1,060,960 161,880
<br />Fund balance: II
<br />Reserved for improvements 781,928 781,928
<br />Unreserved: II Designated for
<br />construction 92,509 92,509
<br />Designated for debt II service 103,850 7,315 111,165 108,863
<br />Total Fund Balance 103,850 7,315 874,437 985,602 108,863
<br />Total Liabilities II
<br />and Fund Balance $173,850 $57,875 $1,814,837 $2,046,562 $270,743
<br />See Notes to Financial Statements. '
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