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City of Lino Lakes, Minnesota <br />Management Report <br />Capital Project Funds <br />Detail of the 1997 expenditures is as follows: <br />Budget Actual Variance <br />Audit costs $ - $1,361 ($1,361) <br />Cable TV purchase 24,000 (24,000) <br />Fire miscellaneous 64,400 64,400 <br />Laptops (police) - 44,720 (44,720) <br />4 x 4 truck (engineering) 20,000 20,700 (700) <br />Fuel tank replacement - 9,290 (9,290) <br />Heated storage garage 103,800 194,668 (90,868) <br />Computers 6,750 8,322 (1,572) <br />1 ton pickup (streets) 30,050 33,553 (3,503) <br />Total expenditures <br />$225,000 $401,014 ($176,014) <br />The police laptops were financed with a federal grant. The storage garage variance is being <br />financed with antenna rentals. <br />Area and Unit Charge Fund <br />a On January 11, 1988 the City Council approved Resolution 1 -88 which established the <br />Area and Unit Charge Fund for the City. The purpose of this fund is to collect various area and <br />unit charges to be used to meet debt payments. Before October 1 of each year, the City estimates <br />the required transfer needed to meet debt payments for the subsequent year. In December, these <br />estimated amounts are transferred to the various debt funds. We recommend the City continue to <br />monitor actual versus projected area and unit assessment collections to assure that debt payment <br />requirements will be met. <br />A schedule of transactions of the Area and Unit Charge Fund from inception is as follows: <br />Page 33 <br />