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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, 1989 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Bond Proceeds $1,200,000 $1,200,000 <br />Tax increment collections 2,404,254 $49,899 $91,391 2,262,964 <br />Interest on investments 0 198 5.261 (5,459) <br />Total sources of funds 3,604,254 50.097 96.652 3,457,505 <br />Uses of funds: <br />Public improvements <br />Administrative <br />Bonding costs <br />Bond discount <br />Capitalized interest <br />Debt service <br />Total uses of funds <br />Funds remaining (deficit) <br />974,094 974,094 <br />0 940 (940) <br />25,000 25,000 <br />24,000 24,000 <br />192,404 192,404 <br />2.355.000 2,355,000 <br />3,570,498 0 940 3,569558 <br />$33.756 $50,097 $95,712 ($112,053) <br />