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City of Lino Lakes, Minnesota <br />Management Report, Page 24 <br />Dedicated Parks <br />This fund was established to account for dedicated park fees. The City uses the Parks and <br />Playground Fund to collect ordinance restricted fees and donations from various groups. This <br />fund collected $156,770 and $38,645 of park dedication fees in 1994 and 1995, respectively. The <br />decrease in park dedication fees in 1995 was due primarily to the City accepting land in lieu of <br />cash payments from developers. The fund balance of $249,014 at December 31, 1995 is available <br />for expenditures by the City to fund capital outlay and maintenance of dedicated park lands. <br />Capital Improvement Projects Fund <br />This fund accounts for the proceeds of Equipment Certificates. The following schedule <br />summarizes the activity of this fund through December 31, 1995: <br />Prior <br />Years 1995 Total <br />Revenue and other sources: <br />Proceeds from equipment certificates $1,396,822 $176,000 $1,572,822 <br />Interest earnings 79,215 2,866 82,081 <br />Property taxes 14,560 14,560 <br />MSA 4,944 4,944 <br />Donations 16,000 2,686 18,686 <br />Transfer from Agency fund 20,156 20,156 <br />Transfer from Debt Service fund 2,390 2,390 <br />Total $1,534,087 $181,552 1,715,639 <br />Expenditures: <br />Capital outlay $1,491,324 $239,841 1,731,165 <br />Fund balance - December 31, 1995 ($15,526) <br />