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Comprehensive Annual Financial Report 12/31/1996
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Comprehensive Annual Financial Report 12/31/1996
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Audit Report 12/31/1996
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CITY OF LINO LAKES, MINNESOTA <br />DEBT SERVICE FUNDS <br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND <br />CHANGES IN FUND BALANCE <br />For The Year Ended December 31, 1996 <br />With Comparative Totals For The Year Ended December 31, 1995 <br />Revenue: <br />General property taxes: <br />Current and delinquent <br />Fiscal disparities <br />Intergovernmental: <br />State: <br />HACA and equalization aid <br />Special assessments: <br />Current and delinquent <br />Prepayments <br />Penalties and interest <br />Interest on investments <br />Total revenue <br />Temporary <br />Improvement Improvement Improvement <br />Bonds of Bonds of Bonds of <br />1992A 1994A 1996A <br />$ <br />28,357 70,427 <br />101,284 141,155 <br />1,028 - <br />4,059 1,825 <br />134,728 213,407 <br />2 <br />2 <br />Expenditures: <br />Debt service: <br />Principal 200,000 2,095,000 <br />Interest 193,195 102,655 <br />Fiscal charges 600 300 63 <br />Total expenditures 393,795 2,197,955 63 <br />Revenue over (under) expenditures (259,067) (1,984,548) (61) ,r <br />Other financing sources (uses): <br />Bond proceeds <br />Total other financing sources (uses) 0 0 <br />Net increase (decrease) in fund balance (259,067) (1,984,548) <br />Fund balance (deficit) - January 1 390,692 125,615 <br />Residual equity transfer in <br />Residual equity transfer out <br />Fund balance (deficit) - December 31 <br />70 <br />1,858,933 <br />13,197 <br />13,197 <br />13,136 <br />$ 131,625 $0 $ 13,136 <br />
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