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City of Lino Lakes, Minnesota <br />Management Report, Page 29 <br />During 1989 the City amended its procedure relative to adoption of assessment rolls. The <br />amended procedure requires that the City split assessment rolls between the Area and Unit Charge <br />Fund and the related Debt Service Fund. <br />Surface Water Management Fund <br />This fund was established in 1989 to account for the financing of surface water management <br />planning and storm sewer trunk lines. During 1990, the City levied its first assessments for <br />surface water management charges. The City is currently working through a three phase surface <br />water management plan. The cost of the plan will be financed by developer charges. <br />Interim Construction <br />The Interim Construction Fund was established in 1985 to account for the preliminary <br />construction costs prior to permanent bonding or other financing determination. The fund balance <br />of this fund was a of $16,057 at December 31, 1995. <br />MSA Construction <br />The MSA Construction Fund was established in 1990 to account for the collection of <br />assessments on MSA projects in accordance with the City's Public Improvement Financing Policy. <br />The fund balance of this fund was $52,156 at December 31, 1995. <br />Sealcoating <br />This fund was established in 1991 to account for money received from private developers for <br />future sealcoating in new housing developments. A summary of transactions of this fund is as <br />follows: <br />Prior <br />Years 1995 Total <br />Revenue and other sources: <br />Special assessments $297,913 $30,169 $328,082 <br />Interest earnings 13,291 9,300 22,591 <br />Refunds and reimbursements 58,750 14,873 73,623 <br />Total $266,871 $54,342 424,296 <br />Expenditures $220,834 $34 220,868 <br />Fund balance - December 31, 1995 $203,428 <br />