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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, 1995 <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 $439,555 $115,641 $187,004 <br />Interest on investments - 33,036 22,944 (55,980) <br />Total sources of funds 742,200 472,591 138,585 131,024 <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 35,493 22,024 (35,317) <br />Transfer to other funds 11,763 831 (12,594) <br />Total uses of funds 742,200 47,256 535,051 159,893 <br />Funds remaining (deficit) $0 $425,335 ($396,466) ($28,869) <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 13,736 <br />Current 125,267 <br />102 <br />