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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1992 <br />Page 19 of 19 <br />Note 16 SHARE IN GAS FRANCHISE PROFITS <br />The City receives a share of the gross billing for natural gas sales by a neighboring City which provides service <br />within the City of Lino Lakes. The amount earned for 1992 totaled $24,267. This amount was received in <br />1993 and will be recorded as revenue (available criteria) in 1993. <br />Note 17 SUBSEOUENT EVENT <br />On December 14, 1992 the City approved the issuance of the $150,000 Certificates of Indebtedness Series 1992. <br />The certificates were issued on February 1,1993. <br />