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Audit Report 12/31/1980
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Audit Report 12/31/1980
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12/4/2013 12:45:39 PM
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Audit Report 12/31/1980
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12/31/1980
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CITY OF LINO LAKES <br />DEBT SERVICE FUNDS <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE <br />For the Years Ended December 31, 1980 and 1979 <br />REVENUE <br />1980 <br />Municipal Building Certificates <br />Bonds of 1970 of Indebtedness <br />General property taxes: <br />Current and penalties $ 7,252 <br />Fiscal disparities 599 <br />Intergovernmental revenue: <br />State homestead credit 3,720 <br />Other revenue: <br />Interest earned on investments 1,405 <br />Total Revenue 12,976 <br />EXPENDITURES <br />Debt service: <br />Principal retirement <br />Interest <br />Fiscal agent fee <br />Total Expenditures <br />Excess of Revenue (Expenditures) <br />Other financing sources (uses): <br />Transfer to General Fund <br />EXCESS OF REVENUE (EXPENDITURES) <br />AND OTHER USES <br />Fund balance - beginning of year <br />Fund Balance - End of Year <br />10,000 <br />1,700 <br />25 <br />11,725 <br />1,251 <br />(3,700) <br />$ 14,857 <br />6,643 <br />21,500 <br />21,000 <br />3,532 <br />24,532 <br />(3,032) <br />1979 <br />Total Total <br />$22,109 $ 9,096 <br />599 585 <br />10,363 2,505 <br />1,405 412 <br />34,476 12,598 <br />31,000 10,000 <br />5,232 2,378 <br />25 25 <br />36,257 12,403 <br />(1,781) 195 <br />(3,700) <br />$ (2,449) $'(3,032) $(5,481) $ 195 <br />20,495 20,495 20,300 <br />$ 18,046 <br />$ (3,032) $15,014 $20,495 <br />
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