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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1984 <br />Note 8 - "MEMORANDUM ONLY" PRESENTATIONS <br />Presented in these financial statements are certain amounts labeled "memorandum <br />only ". The reader is cautioned that this information has certain limitations <br />as follows: <br />• The "Total" columns of the various combined statements <br />present a combining of unlike purpose funds and cannot <br />be construed to be indicative of; the overall financial <br />position, overall results of operations nor overall <br />changes in financial position of the City. <br />• Prior year "Total" columns likewise may combine unlike <br />purpose funds (as above) and additionally do not <br />present detail components by fund group (as presented <br />for current year totals) and therefore, are incomplete <br />presentations of prior year statements of financial <br />position, results of operations, and changes in financial <br />position of the various funds of the City as established <br />by generally accepted accounting principles. <br />• Statements of Revenue, Expenditures, and Changes in Fund <br />Balance Compared to Budget present prior year actual <br />amounts. These amounts are incomplete presentations in <br />that prior year budget amounts are not included in con- <br />formance with generally accepted accounting principles. <br />• In the 1984, the City closed its only Debt Service Fund by <br />transferring its remaining assets to the Capital Improvement <br />Fund. <br />