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CITY OF LINO LAKES, MINNESOTA <br />Exhibit 8 <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -2 <br />December 31, 1988 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Bond Proceeds $975,000 <br />Total sources of funds 975,000 <br />Uses of funds: <br />Public improvements 170,000 <br />Land acquisition 515,000 <br />Demolition and site preparation 23,500 <br />Relocation costs 15,000 <br />Administrative 31,500 <br />Bond discount 20,000 <br />Capitalized interest 200,000 <br />Total uses of funds 975,000 <br />Funds remaining (deficit) $0 <br />$975,000 <br />$0 $0 975,000 <br />0 <br />170,000 <br />515,000 <br />23,500 <br />15,000 <br />6,313 25,187 <br />20,000 <br />200,000 <br />6,313 968,687 <br />$0 ($6,313) $6,313 <br />