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CITY OF LINO LAKES, MINNESOTA <br />DEBT SERVICE FUNDS <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND <br />CHANGES IN FUND BALANCE <br />For The Year Ended December 31, 1989 <br />1985 1989A <br />Certificates 1987 Certificates Improvement Improvement <br />Closed of Equipment of Bonds Bonds <br />Bond Indebtedness Certificates Indebtedness of 1981 of 1982 <br />Revenue: <br />General property taxes: <br />Current and delinquent $9,745 $80 $5,685 <br />Penalties, interest and other 601 3 8 <br />Tax forefeit <br />Total general property taxes 10.346 83 5.693 <br />Intergovernmental: <br />State: <br />Homestead credit 4,680 <br />Agricultural credit 142 <br />Total intergovernmental 4.822 <br />Special assessments: <br />Current and delinquent $6,310 $2,380 <br />Prepayments <br />Tax forfeit <br />Penalties and interest 19 <br />Total special assessments 6.329 2.380 <br />Interest on investments 5.737 1.841 <br />MWCC reimbursement <br />Total revenue 20.905 83 5.693 $0 8.170 2.380 <br />Expenditures: <br />Debt Service: <br />Principal retirement 5,000 <br />Interest 11,475 1,637 <br />Paying agent fees 359 <br />Total expenditures 0 0 0 11.475 6.996 0 <br />Revenue over (under) expenditures 20.905 83 5.693 (11.475) 1.174 <br />Other increases: <br />Operating transfer - from <br />Capital Project Funds <br />Bond proceeds <br />Total other increases 0 0 0 0 0 0 <br />Net increase (decrease) in fund balance 20,905 83 5,693 (11,475) 1,174 2,380 <br />Fund balance - January 1 62,777 5,274 (6,525) 0 21,645 283,934 <br />Residual equity transfer - in 5,357 832 <br />Residual equity transfer - out (832) (5.357) (286.314) <br />Fund balance - December 31 $88.207 $0 $0 ($11.475) 822.819 50 <br />2.380 <br />The accompanying notes are an integral part of these financial statements. <br />