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Page 14 of 19 <br />CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1987 <br />NOTE 2 - DETAIL NOTES ON ALL FUND AND ACCOUNT GROUPS (CONTINUED) <br />DESIGNATIONS AND RESERVES OF FUND EQUITY <br />Major fund equity designations at December 31, 1987 and 1986 are as follows: <br />December 31. <br />1987 1986 <br />General Fund <br />Designated for prepaid insurance $52,593 $53,714 <br />Designated for LAWCON matching share 0 30,000 <br />Special Revenue Fund: <br />Designated for ensuing years' budget 2,377 <br />Debt Service Funds: <br />Reserved for debt retirement <br />788,243 792,670 <br />Capital Projects Funds: <br />Designated for capital improvements 928,322 673,335 <br />Designated for committed contracts 7,619 403,918 <br />Designated for equipment acquisition 98,018 43,417 <br />Designated for park improvements 116.870 84.663 <br />Totals $1,991,665 $2,084,094 <br />DEFICIT FUND BALANCES <br />The following funds had deficits at December 31, 1987: <br />Deficit <br />Fund <br />Capital Project Funds: <br />Lakes Addition #7 $17,288 <br />Reiling Road 2,834 <br />Main Street 59,689 <br />West Shadow Lake Drive 10,819 <br />Deer Pass Trail 997 <br />80th Street 17,972 <br />Ash Street East Extension 3,289 <br />Otter Bay 1,808 <br />West Central Sewer & Water Trunk 5,500 <br />74th Street 803 <br />1160 Main 11,300 <br />2nd Avenue 55 <br />Ash Street Sewer 49,887 <br />The above deficits will be funded by permanent bonding, direct charges to developers, or transfers from other City Council <br />designated funds. <br />