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CITY OF LINO LAKES, MINNESOTA
<br />SCHEDULE OF SOURCES AND USES OF FUNDS
<br />FOR TAX INCREMENT HOUSING DISTRICT #1 -1
<br />December 31, 1992
<br />Exhibit 7
<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 $462,685 $217,819 1,723,750
<br />Interest on investments 39,672 26,600 (66,272)
<br />Total sources of funds 3,604,254 502,357 244,419 2,857,478
<br />Uses of funds:
<br />Public improvements 974,094 974,094
<br />Administrative 1,964 3,071 (5,035)
<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 />Transfer to other funds 1,586 (1,586)
<br />Total uses of funds 3,570,498 1,964 4,657 3,563,877
<br />Funds remaining (deficit) $33,756 $500,393 $239,762 ($706,399)
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