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City of Lino Lakes, Minnesota <br />Management Report, Page 23 <br />CAPITAL PROJECT FUNDS <br />The financial statements for the capital project funds are presented in Statements 12 and 13 of <br />the 1996 Annual Financial Report. The fund balances (deficits) of the Capital Project Funds at <br />December 31, 1995 and 1996 are as follows. <br />Fund <br />Dedicated Park <br />Capital Improvement Projects <br />Closed Bond Fund <br />Area and Unit Charge <br />Surface Water Management <br />Interim construction <br />MSA construction <br />Sealcoating <br />Street reconstruction <br />SAC revolving <br />1994 construction <br />1995 construction <br />1996 construction <br />1997 construction <br />Apollo Business Park <br />Apollo Drive construction <br />Town Center Project <br />Tax Increment #1 -1 <br />Tax Increment #1 -2 <br />Tax Increment #1-4 <br />Tax Increment #1 -5 <br />Tax Increment #1-6 <br />Tax Increment #1 -7 <br />Tax Increment #3 -1 <br />Totals <br />Fund Balance (Deficit) <br />December 31, <br />1995 1996 <br />$249,014 <br />(15,526) <br />763,099 <br />5,945,209 <br />515,757 <br />16,057 <br />52,156 <br />203,428 <br />$280,067 <br />37,276 <br />912,241 <br />6,037,474 <br />735,432 <br />16,223 <br />54,798 <br />272,725 <br />20,435 <br />500,266 524,555 <br />(334,536) (17,760) <br />(35,030) 10,674 <br />(61,560) 1,882,897 <br />(122,853) <br />163,316 191,557 <br />118,648 117,150 <br />(36,536) <br />193,474 347,899 <br />28,869 150,269 <br />(36,069) (4,460) <br />(1,342) (1,771) <br />(26,039) (27,578) <br />(157,853) (179,910) <br />(5,381) (3,991) <br />$8,075,957 $11,196,813 <br />Increase <br />(Decrease) <br />$31,053 <br />52,802 <br />149,142 <br />92,265 <br />219,675 <br />166 <br />2,642 <br />69,297 <br />20,435 <br />24,289 <br />316,776 <br />45,704 <br />1,944,457 <br />(122,853) <br />28,241 <br />(1,498) <br />(36,536) <br />154,425 <br />121,400 <br />31,609 <br />(429) <br />(1,539) <br />(22,057) <br />1,390 <br />$3,120,856 <br />Closed Bond Fund <br />During 1996 the City reclassified the Closed Bond Fund from a Debt Service Fund to a <br />Capital Project Fund type. The Closed Bond Fund accounts for excess funds from matured bond <br />issues. <br />