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Annual Financial Report 12/31/1988
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Annual Financial Report 12/31/1988
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Annual Financial Report
Date
12/31/1988
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CITY OF LINO LAKES, MINNESOTA <br />CAPITAL PROJECT FUNDS <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND <br />CHANGES IN FUND BALANCE <br />For The Year Ended December 31, 1988 <br />Statement 11 <br />Page 1 of 3 <br />Parks Capital Community Baldwin Lake <br />and Imthovement Development Lakes Mobile Reiling <br />Playgrounds Projects Block Grant Addition #7 Home Court Road <br />Revenue: <br />General property taxes: <br />Current and delinquent $107 <br />Penalties, interest and other 117 <br />Tax increments <br />Total property taxes 224 <br />Connection and area charges <br />Intergovernmental: <br />State: <br />LAWCON <br />MSA construction <br />Homestead credit <br />Federal: <br />LAWCON <br />Local: <br />CDBG $11,612 <br />Other <br />Total intergovernmental 11,612 <br />Special assessments: <br />Current and Delinquent <br />Prepayments <br />Total special assessments <br />Interest on investments $7,829 4,816 $2,562 <br />Donations <br />Other 44,950 <br />Total revenue 52,779 5,040 11,612 $0 2,562 $0 <br />Expenditures: <br />General government <br />Current: <br />Personal services 5,630 <br />Contractual services 4,588 8,340 <br />Supplies 1,300 <br />Other 194 <br />Capital outlay: <br />General government <br />Public safety 26,452 <br />Highways and streets <br />Parks 12,113 7,967 <br />Civil defense 8,580 <br />Construction costs <br />Sewer abatement <br />Total expenditures 18,195 42,999 13,970 0 0 0 <br />Revenue over (under) expenditures 34,584 (37,959) (2,358) 0 2,562 0 <br />Other increases: <br />Bonds proceeds <br />Total other increases 0 0 0 0 0 0 <br />Net increase (decrease) in fund balance 34,584 (37,959) (2,358) 0 2,562 0 <br />Fund balance (deficit) - January 1 116,870 98,018 117 (17,288) 15,466 (2,834) <br />Residual equity transfer 17,288 <br />Fund balance (deficit) - December 31 $151,454 $60,059 ($2,241) $0 $18,028 ($2,834) <br />The accompanying notes are an integral part of these financial statements. <br />
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