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CITY OF LINO LAKES, MINNESOTA <br />Page 15 of 19 <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1988 <br />NOTE 2 DETAIL NOTES ON ALL FUND AND ACCOUNT GROUPS (Continued) <br />RETIREMENT - MULTIPLE EMPLOYER PERS (continued) <br />During 1988 and as of June 30, 1988, PERA held no securities issued by the City or other related <br />parties. <br />The City made employer contributions of $32,424 to the Federal Social Security Retirement Plan. <br />DESIGNATIONS AND RESERVATIONS OF FUND EQUITY <br />Major fund equity designations at December 31, 1988 and 1987 are as follows: <br />December 31, <br />General Fund: <br />Designated for prepaid insurance <br />Debt Service Funds: <br />Reserved for debt retirement <br />1988 1987 <br />$96,626 $52,593 <br />978,210 788,243 <br />Capital Projects Funds: <br />Designated for capital improvements 1,083,709 928,322 <br />Designated for committed contracts 9,475 7,619 <br />Designated for equipment acquisition 60,059 98,018 <br />Designated for park improvements 151,454 116,870 <br />Totals <br />$2,379,533 $1,991,665 <br />