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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT FINANCING DISTRICT #1 -7 <br />December 31, 1996 <br />Exhibit 12 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Tax increment collections $1,038,700 $ - $10,373 $1,028,327 <br />Refunds and reimbursements - 300 3,500 (3,800) <br />Total sources of funds 1,038,700 300 13,873 1,024,527 <br />Uses of funds: <br />Land acquisition 598,300 137,889 30,000 430,411 <br />Public improvements 400,400 - - 400,400 <br />Administrative 40,000 20,264 5,930 13,806 <br />Total uses of funds 1,038,700 158,153 35,930 844,617 <br />Funds remaining (deficit) <br />Name of District: Apollo Business Park <br />District Number: M -9 <br />Type of District: Economic Development <br />Date Certified: May 31, 1995 <br />Duration: 11 Years <br />Tax Capacity: <br />Original 30,079 <br />Current 64,339 <br />110 <br />$0 ($157,853) ($22,057) $179,910 <br />