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Sources of funds: <br />Bond proceeds <br />Tax increment collections <br />Total sources of funds <br />CITY OF LINO LAKES, MINNESOTA <br />Exhibit 8 <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -2 <br />December 31, 1990 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />$975,000 <br />975,000 <br />$975,000 <br />$5,128 (5,128) <br />$0 5,128 969,872 <br />Uses of funds: <br />Public improvements 170,000 170,000 <br />Land acquisition 515,000 515,000 <br />Demolition and site preparation 23,500 23,500 <br />Relocation costs 15,000 15,000 <br />Administrative 31,500 7,536 23,964 <br />Bond discount 20,000 20,000 <br />Capitalized interest 200,000 200,000 <br />Total uses of funds 975,000 7,536 0 967,464 <br />Funds remaining (deficit) $0 ($7,536) $5,128 $2,408 <br />