|
CITY OF LINO LAKES, MINNESOTA 1
<br />DEBT SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND I
<br />CHANGES IN FUND BALANCE
<br />For The Year Ended December 31, 1987
<br />1985 1
<br />Certificates Improvement Improvement Improvement Improvement
<br />of Bonds Bonds Bonds Bonds t
<br />Indebtedness of 1977 of 1980 of 1981 of 1982
<br />Revenue:
<br />General property taxes:
<br />Current and delinquent $29,995 $218 I
<br />Penalties, interest and other 1,227 459
<br />Total general property taxes 31,222 677
<br />Intergovernmental: I
<br />State:
<br />Homestead credit 11,764
<br />Total intergovernmental 11,764
<br />Special assessments: I
<br />Current and delinquent $3,481 $88,158 $7,510 144,369
<br />Prepayments 56,873
<br />Penalties and interest 31,778 25,897
<br />Total special assessments 3,481 119,936 7,510 227,139 I
<br />Interest on investments 613 1,548 15,984
<br />Total revenue 43,599 3,481 119,936 9,058 243,800
<br />Curren' I
<br />Professional services
<br />Debt Service: I
<br />Principal retirement 35,000 6,320 5,000 485,000
<br />Interest 4,804 158 2,713 29,910
<br />Paying agent fees 200 373
<br />Total expenditures 39,804 6,478 0 7,913 515,283 I
<br />Revenue over (under) expenditures 3,795 (2,997) 119,936 1,145 (271,483)
<br />Other increases: I
<br />Bond proceeds
<br />Total other increases 0 0 0 0 0
<br />Net increase (decrease) in fund balance 3,795 (2,997) 119,936 1,145 (271,483)
<br />Fund balance - January 1 1,985 19,648 (45,103) 19,532 628,272
<br />Residual equity transfer (16,651) 1
<br />Fund balance - December 31 $5,780 $0 $74,833 $20,677 $356,789
<br />1
<br />1
<br />1
<br />The accompanying notes are an integral part of these fmancial statements.
<br />
|