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Annual Financial Report 12/31/1989
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Annual Financial Report 12/31/1989
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Annual Financial Report
Date
12/31/1989
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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 31,1989 <br />Interim 1983 1987 1988A 1988B <br />Construction Construction Construction Construction Construction <br />Revenue: <br />General property taxes: <br />Current and delinquent <br />Penalties, interest and other <br />Tax increments <br />Total general property taxes <br />Connection and area charges <br />Intergovernmental: <br />State: <br />MSA construction $172,413 <br />Homestead credit <br />Federal: <br />CDBG <br />Total intergovernmental 172.413 <br />Special assessments: <br />Current and Delinquent 2,263 <br />Prepayments 35,000 $135,612 <br />Penalties and interest 6 <br />Total special assessments 37.269 135.612 <br />Interest on investments 19.128 $3,579 $10,966 $36,078 11,202 <br />Other <br />Total revenue 228.810 3.579 10.966 36.078 146,814 <br />Expenditures: <br />General government: <br />Current: <br />Personal services <br />Contractual services <br />Supplies <br />Other <br />Capital outlay: <br />General government <br />Public safety <br />Highways and streets <br />Parks <br />Construction costs 385,786 118 12.719 <br />Total expenditures 385.786 0 118 0 12.719 <br />Revenue over (under) expenditures (156,976) 3.579 10.848 36.078 134.095 <br />Other increases: <br />Operating transfer - to Debt Service Funds (169,741) (5,336) (319,675) <br />Bonds proceeds <br />Total other increases (169,741) 0 (5,336) (319,675) 0 <br />Net increase (decrease) in fund balance (326,717) 3,579 5,512 (283,597) 134,095 <br />Fund balance (deficit) - January 1 209,922 18,028 130,432 448,058 107,204 <br />Residual equity transfer <br />Fund balance (deficit) - December 31 ($116,795) $21,607 $135,944 $164,461 $241299 <br />The accompanying notes are an integral part of these fmancial statements. <br />
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