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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -2 <br />December 31, 1993 <br />Exhibit 8 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />- <br />Bond proceeds $975,000 $975,000 <br />Tax increment collections $208,130 $92,079 (300,209) <br />Interest on investments 6,177 14,008 (20,185) <br />Total sources of funds 975,000 214,307 106,087 654,606 <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 12,303 2,062 17,135 <br />Bond discount 20,E 20,000 <br />Capitalized interest 200,000 200,000 <br />Transfer to other funds 1,586 9,483 (11,069) <br />Total uses of funds 975,000 13,889 11,545 949,566 <br />Funds remaining (deficit) $0 $200,418 $94,542 ($294,960) <br />