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City of Lino Lakes, Minnesota <br />Management Report, Page 26 <br />Community Development Block Grant <br />The Community Development Block Grant (CDBG) Fund was established in 1982 to account <br />for the financial activity related to the projects to be funded by the CDBG program. The City <br />entered into an agreement with Anoka County to receive CDBG funds. The County of Anoka, <br />along with other governmental units, was awarded the grant. The City of Lino Lakes is <br />considered to be a sub -grantee and must comply with the provisions of the grant agreement. The <br />City has established the compliance procedures that are required to be documented in City <br />records. Proper documentation with the grant agreement has aided the City in receiving the <br />monies applied for regarding the reimbursement of City expenditures. <br />As of December 31, 1995 this fund had a deficit fund balance of $1,201. This deficit is <br />expected to be eliminated by CDBG Funds in 1996. <br />VIEW <br />IMEr <br />