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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, 1993
<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 $680,504 $180,628 1,543,122
<br />Interest on investments 66,272 47,379 (113,651)
<br />Total sources of funds 3,604,254 746,776 228,007 2,629,471
<br />Uses of funds:
<br />Public improvements 974,094 974,094
<br />Administrative 5,035 3,792 (8,827)
<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 9,484 (11,070)
<br />Total uses of funds 3,570,498 6,621 13,276 3,550,601
<br />Funds remaining (deficit) $33,756 $740,155 $214,731 ($921,130)
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