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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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Sources of funds: <br />Bond Proceeds <br />Tax increment collections <br />Interest on investments <br />Total sources of funds <br />CITY OF LINO LAKES, MINNESOTA <br />Exhibit 7 <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -1 <br />December 31, 1988 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />$1,200,000 <br />2,404,254 <br />0 <br />3,604,254 <br />$0 <br />$1,200,000 <br />$49,899 2,354,355 <br />198 (198) <br />50,097 3,554,157 <br />Uses of funds: <br />Public improvements 974,094 974,094 <br />Bonding costs 25,000 25,000 <br />Bond discount 24,000 24,000 <br />Capitalized interest 192,404 192,404 <br />Debt service 2,355,000 2,355,000 <br />Total uses of funds 3,570,498 0 0 3,570,498 <br />Funds remaining (deficit) $33,756 $0 $50,097 ($16,341) <br />
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