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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, 1986 <br />1985 <br />Certificates Total <br />of December 31, <br />Indebtedness 1986 1985 <br />(Memorandum <br />Only) <br />Revenue: <br />General property taxes: <br />Current and delinquent $ 28,490 $ 28,490 <br />Penalties, interest and other 35 35 <br />Total general property taxes 28,525 28,525 $ -0- <br />Intergovernmental: <br />State homestead credit aid 12,766 12,766 <br />Interest on investments 136 136 <br />Total revenue 41,427 41,427 -0- <br />Expenditures: <br />Debt service: <br />Principal retirement 35,000 35,000 <br />Interest 6,993 6,993 <br />Total expenditures 41,993 41,993 -0- <br />Revenue over (under) expenditures (566) (566) -0- <br />Other increases (decreases): <br />Bond proceeds 292 <br />Net increase (decrease) in fund balance (566) (566) 292 <br />Fund balance - January 1 292 292 -0- <br />Fund balance (deficit) - December 31 $ (274) $ (274) $ 292 <br />The accompanying notes are an integral part of these financial statements. <br />