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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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1 <br />CITY OF LINO LAKES <br />SPECIAL ASSESSMENT FUNDS <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE <br />As of December 31, 1980 and 1979 <br />1980 1 <br />Improvement Improvement Improvement <br />REVENUE Bond of 1974 Bond of 1977 Bond of 1979 II Special assessments: <br />Principal levies $ 914,714 <br />Principal abatements II Interest and penalties $ 418 $ 2,888 <br />Other revenue: <br />Interest earned on investments 13,489 2,337 73,538 <br />Interest accrued to date of bond sale <br />II <br />Total Revenue 13,907 5,225 988,252 <br />EXPENDITURES <br />Capital outlay: <br />Sanitary sewer 221,336 II <br />Water 137,381 <br />Storm sewer 68,690 <br />Street 335,819 <br />II <br />Debt service: <br />Interest 3,425 2,528 59,653 <br />Fiscal agent fee 13 56 <br />II <br />Other 805 648 <br />Total Expenditures 4,243 3,176 822,935 <br />Excess of Revenue (Expenditures) 9,664 2,049 165,317 II <br />Other financing sources (uses): <br />Bonds sold <br />Applied to amount to be provided for <br />debt service (926,956) <br />Transfer to General Fund (11,000) (1,300) (10,000) <br />Total Other Financing Sources (Uses) (11,000) (1,300) (936,956) <br />EXCESS REVENUE (EXPENDITURES) AND OTHER <br />FINANCING SOURCES (USES) $ (1,336) $ 749 $(771,639) <br />Fund balance - beginning of year 103,850 7,315 874,437 <br />Fund Balance - End of Year $102,514 $ 8,064 $ 102,798 <br />1 <br />1 <br />- 31 - 1 <br />
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