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- Honorable Mayor and Members of the City Council
<br />City of Lino Lakes
<br />Page 17
<br />CAPITAL PROJECT FUNDS
<br />The financial statements for the capital project funds are presented in Statements 13 and 14 of the
<br />1999 Annual Financial Report. The fund balances (deficits) of the Capital Project Funds at
<br />- December 31, 1999 and 1998 are as follows.
<br />Fund
<br />Fund Balance (Deficit)
<br />December 31, Increase
<br />1998 1999 (Decrease)
<br />Capital Improvement Projects $ 61,528 $ 98,423 $ 36,895
<br />Closed Bond Fund 458,947 628,739 169,792
<br />- Dedicated Parks 293,383 (40,342) (333,725)
<br />Area and Unit Charge 6,923,446 7,204,559 281,113
<br />MSA Construction (326,767) (424,881) (98,114)
<br />Street Reconstruction 125,710 246,664 120,954
<br />Sealcoating 130,247 56,594 (73,653)
<br />Surface Water Management 1,087,025 1,328,701 241,676
<br />SAC Revolving 347,400 347,194 (206)
<br />Interim Construction 18,350 204,020 185,670
<br />1994 Construction (134,959) (436,219) (301,260)
<br />_ 1995 Construction 8,930 9,024 94
<br />1996 Construction 654,362 659,796 5,434
<br />1997 Construction (388,427) (1,205,499) (817,072)
<br />1998 Construction * 1,205,542 (2,579,952) (3,785,494)
<br />Town Center Project * 103,363 (93,710) (197,073)
<br />Civic Center Project 2,975,730 49,223 (2,926,507)
<br />_ Town Center Infrastructure 317,376 37,862 (279,514)
<br />Tax Increment Administrative - (7,184) (7,184)
<br />Tax Increment # 1-4 93,397 42,388 (51,009)
<br />_ Tax Increment# 1 -5 8,825 11,121 2,296
<br />Tax Increment # 1 -6 * (34,053) (40,536) (6,483)
<br />Tax Increment # 1 -7 (470,592) (458,497) 12,095
<br />Tax Increment # 1 -8 (4,951) 21,084 26,035
<br />Tax Increment # 1 -9 (6,630) (11,896) (5,266)
<br />Tax Increment # 3 -1 (357,679) (316,270) 41,409
<br />$ 13,089,503 $ 5,330,406 $ (7,759,097)
<br />* The funds noted with deficit fund balances will require future funding sources to be identified and
<br />transferred into these funds.
<br />We recommend that the City close funds once the related projects are complete.
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