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CITY OF LINO LAKES, MINNESOTA
<br />Statement 11
<br />DEBT SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />For The Year Ended December 31, 1982
<br />Municipal 1980 1981
<br />Building Certificates Certificates Total
<br />Bonds of of December 31,
<br />Of 1970 Indebtedness Indebtedness 1982 1981
<br />(Memorandum
<br />Only)
<br />Revenue:
<br />General property taxes:
<br />Current and delinquent $ 872 $ 14,214 $ 37,915 $ 53,001 $ 23,844
<br />"' Penalties and other 400 760 1,160 12
<br />Fiscal disparities 1,806 5,451 7,257 2,879
<br />Total general property taxes 1,272 16,780 43,366 61,418 26,735
<br />Intergovernmental:
<br />State homestead credit aid 6,017 18,163 24,180 14,729
<br />Interest on investments 1,318 360 698 2,376 1,956
<br />Total revenue 2,590 23,157 62,227 87,974 43,420
<br />Expenditures:
<br />Debt service:
<br />Principal retirement 10,000 21,000 55,700 86,700 31,000
<br />Interest 340 1,418 11,975 13,733 3,855
<br />Fiscal agent fees 12 12 25
<br />.., Total expenditures 10,352 22,418 67,675 100,445 34,880
<br />Revenue over (under) expenditures (7,762) 739 (5,448) (12,471) 8,540
<br />Other increases (decreases):
<br />Change in amount to be provided (274) 5,448 5,174 274
<br />Transfer to General Fund (14,620) (14,620)
<br />Net increase (decrease) in fund balance (22,382) 465 -0- (21,917) 8,814
<br />Fund balance - January 1 22,382 -0- -0- 22,382 13,568
<br />Fund balance - December 31 $ -0- $ 465 $ -0- $ 465 $ 22,382
<br />The accompanying notes are an integral part of these financial statements.
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