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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 />West I <br />Rice Lake North Main Shadow Sunset Deer Pass <br />Estates Road Street Lake Drive Road Trail <br />Revenue: <br />General property taxes: <br />Current and delinquent <br />I <br />Penalties, interest and other <br />Total property taxes <br />Connection charges <br />I <br />Intergovernmental: <br />State: <br />LAWCON <br />MSA construction <br />I <br />Homestead credit <br />Federal: <br />LAWCON <br />Local: I <br />CDBG <br />Other <br />Total intergovernmental I <br />Special assessments: <br />Current and Delinquent <br />Prepayments <br />Total special assessments <br />Interest on investments $24,578 $77 $9,831 <br />Paris dedication fees <br />Donations <br />Other <br />I <br />Total revenue 24,578 77 $0 $0 9,831 $0 <br />Expenditures: <br />General government <br />Current: <br />111 <br />Personal services <br />Contractual services <br />Supplies <br />Other <br />I <br />Capital outlay: <br />General government <br />Public safety <br />Highways and streets I <br />Parks <br />Civil defense <br />Construction costs 33,802 495 6,079 143 875 <br />Sewer abatement <br />I <br />Total expenditures 33,802 495 6,079 0 143 875 <br />Revenue over (under) expenditures (9,224), (418) (6,079) 0 9,688 (875) <br />Other increases: <br />Bonds proceeds 70,544 <br />Total other increases 0 0 70,544 0 0 0 <br />Net increase (decrease) in fund balance (9,224) (418) 64,465 0 9,688 (875) I <br />Fund balance (deficit) - January 1 379,051 1,442 (59,689) (10,819) 153,060 (997) <br />Residual equity transfer (1,024) 1,872 I <br />Fund balance (deficit) - December 31 $369,827 $0 $4,776 ($10,819) $162,748 $0 I <br />V. V <br />The accompanying notes are an integral part of these financial statements. <br />1 <br />
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