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City of Lino Lakes, Minnesota <br />Management Report <br />Combined Financial Statement Analysis <br />A schedule of cash and investment balances by fund type (as adjusted for interfund <br />payables /receivables) is as follows: <br />Fund <br />December 31, Increase <br />1996 1997 (Decrease) <br />General $2,671,992 $3,045,734 $373,742 <br />Special Revenue 21,653 32,712 11,059 <br />Debt Service 246,555 910,323 663,768 <br />Capital Project 10,434,809 10,415,147 (19,662) <br />Enterprise 1,984,735 900,497 (1,084,238) <br />Agency 113,856 281,237 167,381 <br />Total $15,473,600 $15,585,650 $112,050 <br />Cash balances of Minnesota cities are commonly restricted by statutory requirements and <br />long -range financial planning objectives. For the City of Lino Lakes the following illustrates <br />such cash restrictions /designations: <br />General Fund. The General Fund is supported significantly by property taxes and State <br />revenues. These amounts are received by the City primarily in June and December. <br />Working capital designations are needed to provide adequate cash flow throughout the first <br />six months of the ensuing year. The City has established this designation (see later <br />discussion - General Fund). <br />Page 5 <br />