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Revenue:
<br />General property taxes:
<br />Current and delinquent
<br />Penalties, interest and other
<br />Tax forefeit
<br />Total general property taxes
<br />Intergovernmental:
<br />State:
<br />CITY OF LINO LAKES, MINNESOTA
<br />DEBT SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />For The Year Ended December 31, 1988
<br />1985
<br />Certificates 1987 hupuuvement Iiufnuvement Improvement
<br />Closed of Equipment Bonds Bonds Bonds
<br />Bond Indebtedness Certificates of 1980 of 1981 of 1982
<br />828,429 856,270 $20
<br />323 21
<br />247 495
<br />28,999 56,765 41
<br />Homestead credit 9,988 19,975
<br />Total intergovernmental 9,988 19,975
<br />Special assessments:
<br />Current and delinquent
<br />Prepayments
<br />Tax forfeit
<br />Penalties and interest 74 3,147
<br />Total special assessments 6,940 31,018
<br />Interest on investments 8271 537 87,758 1,545 15,901
<br />MWCC reimbursement
<br />Total revenue 271 39,524 76,740 7,758 8,485 46,960
<br />86,866 19,129
<br />8,742
<br />Expenditures:
<br />Current
<br />Professional services
<br />Debt Service:
<br />Principal retirement 37,500 78,000 5,000 115,000
<br />Interest 2,530 5,265 2,175 4,715
<br />Paying agent fees 342 100
<br />Total expenditures 0 40,030 83,265 0 7,517 119,815
<br />Revenue over (under) expenditures 271 (506) (6,525) 7,758 968 (72,855)
<br />Other increases:
<br />Bond proceeds
<br />Total other increases 0 0 0 0 0 0
<br />Net increase (decrease) in fund balance 271 (506) (6,525) 7,758 968 (72,855)
<br />Fund balance - January 1 5,780 74,833 20,677 356,789
<br />Residual equity transfer 62,506 (82,591)
<br />Fund balance - December 31 $62,777
<br />85,274 (86,525) $0 $21,645 $283,934
<br />The accompanying notes are an integral part of these financial statements.
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