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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, 1990
<br />Improvement Improvement Improvement Improvement Improvement
<br />Closed Bonds Bonds Bonds Bonds Bonds of
<br />Bond of 1981 of 1983 of 1984 of 1986 1988
<br />Revenue:
<br />General property taxes:
<br />Current and delinquent $912
<br />Penalties, interest and other
<br />Total general property taxes 912
<br />Intergovernmental:
<br />State:
<br />HACA
<br />Total intergovernmental 0
<br />Special assessments:
<br />Current and delinquent $5,754 $16,275 $2,145 $290,654
<br />Prepayments $45,974
<br />Tax forfeit
<br />Penalties and interest 5,383 22,119
<br />Total special assessments 0 5.754 16.275 2.145 51,357 312,773
<br />Interest on investments 6.292 1.777 783 779 14,753 34.378
<br />Total revenue 7.204 7.531 17,058 2.924 66,110 347,151
<br />Expenditures:
<br />Debt Service:
<br />Principal retirement 5,000 10,000 3,500 125,000 95,000
<br />Interest 1,100 3,550 1,531 14,288 72,240
<br />Paying agent fees 359 400 414
<br />Total expenditures 0 6.459 13,550 5.031 139.688 167.654
<br />Revenue over (under) expenditures 7,204 1.072 3,508 (2,107) (73,578) 179.497
<br />Other increases (decreases):
<br />Operating transfer from
<br />Capital Project Funds
<br />Operating transfer to
<br />Capital Project Funds (34,041)
<br />Bond proceeds
<br />Total other increases (decreases) (34,041) 0 0 0 0 0
<br />Net increase (decrease) in fund balance (26,837) 1,072 3,508 (2,107) (73,578) 179,497
<br />Fund balance (deficit) - January 1 88,207 22,819 10,908 11,128 320,911 470,403
<br />Residual equity transfer - in
<br />Residual equity transfer - out
<br />Fund balance (deficit) - December 31 $61,370 $23,891 $14,416 59,021 $247,333 $649,900
<br />The accompanying notes are an integral part of these fmancial statements.
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