Comprehensive Annual Financial Report 12/31/1996

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CITY OF LINO LAKES, MINNESOTA CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE For The Year Ended December 31, 1996 With Comparative Totals For The Year Ended December 31, 1995 Apollo Apollo Town Tax Increment 1997 Business Drive Center Financing Construction Park Construction Project 1 -1 Revenue: General property taxes: Current and delinquent $ - S - S - $ - S - Fiscal disparities Tax increments Intergovernmental: State: MSA construction County: Other Special assessments: Current and delinquent Prepayments Penalties and interest - Interest on investments 7,012 2,016 12,904 Refunds and reimbursements - 244,726 - - Park dedication fees - - Utility charges Total revenue 0 252,626 2,016 0 244,719 Expenditures: Current: General government: Contractual services 7,101 36,536 68,172 Capital outlay: General government - Public safety Public works Parks, recreation and forestry - - - Construction /acquisition 122,853 217,284 3,514 Total expenditures 122,853 224,385 3,514 36,536 68,172 Revenue over (under) expenditures (122,853) 28,241 (1,498) (36,536) 176,547 Other financing sources (uses): Operating transfer from General Fund - - - - Operating transfer from Capital Project Funds Operating transfer from Enterprise Funds Operating transfer to Capital Project Funds (22,122) Operating transfer to Enterprise Funds Bond proceeds - - Total other financing sources (uses) 0 0 0 0 (22,122) Net increase (decrease) in fund balance (122,853) 28,241 (1,498) (36,536) 154,425 Fund balance (deficit) - January 1 163,316 118,648 193,474 Residual equity transfer - - Residual equity transfer out Fund balance (deficit) - December 31 ($122,853) $191,557 $117,150 ($36,536) X99 888 - 231,815 80