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City of Lino Lakes, Minnesota <br />Management Report <br />Combined Financial Statement Analysis <br />Vow <br />Special Revenue Funds. The City maintains several Special Revenue Funds which match <br />specific purpose revenues with expenditures. The City has cash balances restricted for such <br />special purposes as follows: <br />Economic Development Authority $0 <br />Community Development Block Grant (6,282) <br />Program Recreation 32,712 <br />Total $26,430 <br />Debt Service Funds. Minnesota statutes restrict the use of Debt Service Funds for payment <br />of principal and interest on debt. These balances are restricted until full payment of the <br />outstanding debt is made. <br />Capital Project Funds. The primary funding sources for these funds are bond proceeds, tax <br />increment revenue, State aids, grants and other revenues dedicated to construction and <br />acquisition of major capital facilities. <br />law <br />Enterprise Funds. Cash balances of the Enterprise Funds are partially restricted for bond <br />covenants to assure adequate cash to retire revenue bonds. Enterprise Funds also have cash <br />requirements for working capital purposes, such as sufficient cash for operations prior to <br />collection of accounts receivable. Enterprise Funds also tend to require cash reserves for <br />unexpected major repairs vital to system operations, as well as planned system expansion <br />and repairs. <br />Agency Funds. Cash balances of the Agency Funds consist primarily of deposits due to <br />contractors and related to pending assessments. The City's pooled investments are also <br />accounted for in an Agency Fund. <br />Page 6 <br />