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CITY OF LINO LAKES
<br />DEBT SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
<br />Years Ended December 31, 1981 and 1980
<br />1981 1980
<br />Municipal 1980
<br />Building Certificates
<br />Bonds of 1970 of Indebtedness Total Total
<br />Revenue:
<br />I General property taxes -
<br />Current and penalties $ 9,344 $ 17,773 $27,117 $22,109
<br />Fiscal disparities 995 1,884 2,879 599
<br />II Intergovernmental revenue -
<br />State homestead credit 5,079 9,650 14,729 10,363
<br />Other revenue -
<br />Interest earned on investments 1,590 366 1,956 1,405
<br />ITotal Revenue 17,008 29,673 46,681 34,476
<br />Expenditures:
<br />II Debt service -
<br />Principal retirement 10,000 21,000 31,000 31,000
<br />Interest 1,020 2,835 3,855 5,232
<br />II Fiscal agent fee 25 25 25
<br />Total Expenditures 11,045 23,835 34,880 36,257
<br />Excess of Revenue (Expenditures) 5,963 5,838 11,801 (1,781)
<br />IIOther Financing Sources (Uses):
<br />Transfer to General Fund (3,700)
<br />IIEXCESS OF REVENUE (EXPENDITURES)
<br />AND OTHER USES $ 5,963 $ 5,838 $11,801 $(5,481)
<br />IIFund balance - beginning of year 18,046 (3,032) 15,014 20,495
<br />Fund Balance - End of Year $24,009 $ 2,806 $26,815 $15,014
<br />II
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