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1986 Annual Budget Adopted
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1986 Annual Budget Adopted
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1986 Annual Budget Adopted
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101 - GENERAL FUND AND FEDERAL REVENUE SHARING FUND <br />The General Fund provides for all the basic administration, protec- <br />tive and public works services for the City of Lino Lakes. Its <br />revenue sources are tax levy, user fees and certain other miscel- <br />laneous fees in addition to intergovernmental revenue such as <br />homestead credits, state aid, etc. <br />The Council designates the Federal Revenue Sharing Fund revenues <br />to be used for specified purposes as provided for in the Revenue <br />Sharing legislation. More specifically, the funds are used for <br />capital expenditures. Federal Revenue Sharing annually provides <br />approximately three per cent of the total General Funds receipts. <br />It is projected this program will be discontinued in 1986, and that <br />the City will receive no Federal Revenue Sharing money for 1987 and <br />beyond. <br />
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