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City of Lino Lakes, Minnesota <br />Management Report <br />Special Revenue Funds <br />Community Development Block Grant <br />The Community Development Block Grant (CDBG) Fund was established in 1982 to <br />account for the financial activity related to the projects to be funded by the CDBG program. The <br />City entered into a subgrantee agreement with Anoka County to receive CDBG funds. The City <br />of Lino Lakes is required to comply with the provisions of the grant agreement. The City <br />established the compliance procedures that are required to be documented in City records. <br />Proper documentation with the grant agreement has aided the City in receiving the monies <br />applied for regarding the reimbursement of City expenditures. <br />Program Recreation <br />This fund was established in 1993 to account for direct costs of self - supporting recreation <br />programs. A summary of 1997 financial activity is as follows: <br />Revenue: <br />Recreation fees $93,081 <br />Interest 1,538 <br />Total revenue 94,619 <br />Expenditures: <br />Personal services 42,960 <br />Supplies 38,366 <br />Other services and charges 1,129 <br />Contractual services 1,209 <br />Capital outlay 3,119 <br />Total expenditures 86,783 <br />Revenue over expenditures $7,836 <br />Page 27 <br />