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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -1 <br />December 31, 1987 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Bond Proceeds $1,200,000 $1,200,000 <br />Tax increment collections 2,404,254 2,404,254 <br />Interest on investments 0 0 <br />Total sources of funds 3,604,254 $0 $0 3,604,254 <br />Uses of funds: <br />Public improvements 974,094 <br />Bonding costs 25,000 <br />Bond discount 24,000 <br />Capitalized interest 192,404 <br />Debt service 2,355,000 <br />Total uses of funds 3,570,498 <br />Funds remaining (deficit) $33,756 <br />0 <br />974,094 <br />25,000 <br />24,000 <br />192,404 <br />2,355,000 <br />0 3,570,498 <br />$0 50 $33,756 <br />Exhibit 7 <br />