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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, 1996 <br />Exhibit 8 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining - <br />Sources of funds: <br />Tax increment collections $742,200 $555,196 $120,258 $66,746 <br />Interest on investments - 55,980 3,444 (59,424) <br />Total sources of funds 742,200 611,176 123,702 7,322 <br />Uses of funds: <br />Public improvements 630,000 512,196 117,804 <br />Land acquisition 65,000 - 65,000 <br />Demolition and site preparation 10,000 10,000 <br />Relocation costs 15,000 15,000 <br />Administrative 22,200 57,517 1,927 (37,244) <br />Transfer to other funds - 12,594 375 (12,969) <br />Total uses of funds 742,200 582,307 2,302 157,591 <br />Funds remaining (deficit) $0 $28,869 $121,400 ($150,269) <br />Name of District: Sunrise Meadows <br />District Number: I -5 <br />Type of District: Economic Development <br />Date Certified: February 10, 1989 <br />Duration: 10 Years <br />Tax Capacity: <br />Original 23,272 <br />Current 136,938 <br />106 <br />