Annual Financial Report 12/31/1988

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CITY OF LINO LAKES, MINNESOTA CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE For The Year Ended December 31,1988 2nd Ash Street D. Erickson Reshanau Lakes Avenue Sewer 2nd Phase 2nd Phase 9 Revenue: General property taxes: Current and delinquent Penalties, interest and other $73 Tax increments Total property taxes 73 Connection and area charges Intergovernmental: State: LAWCON MSA construction Homestead credit Federal: LAWCON Local: CDBG Other Total intergovernmental Special assessments: Current and Delinquent 8,231 Prepayments Total special assessments 8,231 Interest on investments $442 $1,201 Donations Other Total revenue $0 8,304 442 1,201 Expenditures: General government Current: Personal services Contractual services Supplies Other Capital outlay: General government Public safety Highways and streets Parks Civil defense Construction costs 46,115 3,710 238,355 211,728 Sewer abatement Total expenditures 46,115 3,710 238,355 2.11,728 Revenue over (under) expenditures (46,115) 4,594 (237,913) (210,527) Other increases: Bonds proceeds 118,748 221292 257,652 Total other increases 0 118,748 297,992 257,652 Net increase (decrease) in fund balance (46,115) 123,342 60,079 47,125 Fund balance (deficit) - January 1 (55) (49,887) Residual equity transfer Fund balance (deficit) - December 31 ($46,170) $73,455 $60,079 $47,125 The accompanying notes are an integral part of these financial statements. Carlson 1 1 1 1 1 1 1 1 1 $600 $600 600 600 1 1 1 1,363 11,180 1,363 11,180 (763) (10,580) 0 0 (763) (10,580) 1 ($763) ($10,580) 1 1