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Audit Report 12/31/1964
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Audit Report 12/31/1964
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Audit Report 12/31/1964
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Statement B -8 <br />VILLAGE OF LINO LAKES <br />ANOKA COUNTY, MINNESOTA <br />STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - DEBT REDEMPTION FUND <br />FOR THE YEAR ENDED DECEMBER 31, 1964 <br />Balance - January 1, 1964 <br />Receipts - Special Assessments <br />Transfer In - General Fund <br />Street Street Park <br />Improvement #1 Improvement #2 Improvement Total <br />$ 967.63 <br />1,043.00 <br />Total Receipts, Transfers and <br />Beginning Balance $ 2,010.63 <br />500.00 <br />$ 967.63 <br />1,043.00 <br />500.00 <br />$ 500.00 $ 2,510.63 <br />Disbursements <br />Principal <br />Interest 30.00 $ 210.00 218.75 458.75 <br />Balance - December 31, 1964 $ 1,980.63 $ (210.00) $ 281.25 $ 2,051.88 <br />Bond principal and interest on Street Improvement Bond #1 due January 1, 1965, was <br />paid January 20, 1965. <br />There were no collections on the special assessments for Street Improvement Bonds <br />#2. The special assessment was not placed until October 1964, with collections due in <br />1965. <br />The bond levy for the Park Improvement Bonds was placed a year late and no collec- <br />tions will be received until 1965. A transfer of $500 was made from the General Fund <br />to meet the interest obligation on this bond issue. <br />
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