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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, 1990 <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 $141,290 $130,069 2,132,895 <br />Interest on investments 5,458 14,042 (19,500) <br />"" Total sources of funds 3,604,254 146,748 144,111 3,313,395 <br />Uses of funds: <br />- Public improvements 974,094 974,094 <br />Administrative 940 (940) <br />Bonding costs 25,000 25,000 <br />Bond discount 24,000 24,000 <br />- Capitalized interest 192,404 192,404 <br />Debt service 2,355,000 2,355,000 <br />Total uses of funds 3,570,498 940 0 3,569,558 <br />Funds remaining (deficit) $33,756 $145,808 $144,111 ($256,163) <br />