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CITY OF LINO LAKES
<br />SPECIAL ASSESSMENT FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
<br />For the Year Ended December 31, 1979
<br />1979 1978
<br />Improvement Improvement Improvement
<br />Bond of 1974 Bond of 1977 Bond of 1979 Total Total
<br />REVENUE
<br />Special assessments:
<br />Principal levies
<br />(abatements) $ (6,760)
<br />Interest and penalties 5,803
<br />Other revenue:
<br />Interst earned on
<br />investments 7,569
<br />Interest accrued to date
<br />of bond sale
<br />Total Revenue 6,612
<br />EXPENDITURES
<br />$ 3,286
<br />$ (6,760)
<br />9,089 $ 16,434
<br />982 $ 5,815 14,366 5,848
<br />2,229 2,229
<br />4,268 8,044 18,924
<br />22,282
<br />Capital outlay:
<br />Sanitary sewer 20 174563 17,583
<br />Water 10,901 10,901
<br />Storm sewer 5,451 5,451
<br />Street 26,648 26,648 23,447
<br />Debt service:
<br />Interest 5,688 2,844 8,532 11,122
<br />Fiscal agent fee 26 26 27
<br />Total Expenditures 5,734 2,844 60,563 69,141 34,596
<br />Excess of Revenue
<br />(Expenditures) 878 - 1,424 (52,519) (50,2:17) (12,314)
<br />Other financing sources (uses):
<br />Bonds sold 935,000 935,000
<br />Applied to amount to be
<br />provided for debt service (8,044) (8,044)
<br />Total Other
<br />Financing Sources
<br />(Uses) 926,956 926,956
<br />Excess Revenue (Expense)
<br />and Other Sources (Uses) 878 1,424 874,437 876,739 (12,314)
<br />Fund balance - beginning
<br />of year 102,972 5,891 108,883 121,177
<br />Fund Balance - End of Year $103,850 $ 7,315 $874,437 .$985,602 $108,863
<br />See Notes. to Financial. Statements.
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