|
City of Lino Lakes, Minnesota
<br />Management Report, Page 22
<br />A schedule of transactions of this fund from inception is as follows:
<br />Revenue and other sources:
<br />Area and unit charges (4):
<br />Temporary Bonds of 1987 (1)
<br />Temporary Bonds of 1988 (2)
<br />Temporary Bonds of 1989 (3)
<br />Temporary Bonds of 1990
<br />Temporary Bonds of 1991
<br />Improvement Bonds of 1992A
<br />MSA
<br />Transfer from 1989 construction
<br />Transfer from Water and Sewer
<br />Total revenue and other sources
<br />Expenditures and other uses:
<br />Professional services
<br />Transfer to Capital Project Funds
<br />Transfer to Temporary Bonds of 1990E
<br />Transfer to Water Fund
<br />Transfer to Interim Construction Fund
<br />Transfer to 1991 Construction Fund
<br />Total expenditures and other uses
<br />Fund balance - December 31,1993
<br />Prior
<br />Yeats
<br />$265,468
<br />301,819
<br />2,014,483
<br />38,639
<br />523,443
<br />0
<br />0
<br />29,842
<br />229.397
<br />1993
<br />$273,448
<br />23,301
<br />242,376
<br />12,663
<br />924,723
<br />294,767
<br />11,342
<br />0
<br />132.175
<br />$3,403,091 $1,914,795
<br />$91,059
<br />19,159
<br />0 665,232
<br />0 89,347
<br />0 54,024
<br />0 388,965
<br />$110,218 $1,226,031
<br />Total
<br />$538,916
<br />325,120
<br />2,256,859
<br />51 ,302
<br />1,448,166
<br />294,767
<br />11,342
<br />29,842
<br />361,572
<br />5,317,886
<br />$28,463 119,522
<br />19,159
<br />665,232
<br />89,347
<br />54,024
<br />388,965
<br />1,336,249
<br />$3,981,637
<br />(1) Pledged to the 1990B Temporary Improvement Bonds
<br />(2) Pledged to the 1991A Temporary Improvement Bonds
<br />(3) Pledged to the 1992A Improvement Bonds
<br />(4) Area and unit charge revenue consists of prepayments, current and delinquent assessments and
<br />interest on investments
<br />Designations of balances by bond issue and area and unit charge type are required to monitor
<br />financing plan performance and to define discretionary construction balances available to the City.
<br />The accounting system and other such systems have been modified to achieve this result.
<br />_ The assessment portion which relates directly to current construction costs (lateral assessment
<br />charges) is pledged directly to the related debt service fund to retire outstanding bonds. The area
<br />and unit charge portion of the assessment roll, however, is governed by the City's policy which
<br />was established by Resolution #1 -88. Such area and unit charges are contingently pledged to the
<br />related debt service fund in accordance with this policy. These amounts are to be segregated to the
<br />Area and Unit Charge Fund and such amounts are transferred on an as needed basis to the related
<br />debt service fund. Any surplus accruing above the amount required to retire bonds will be
<br />available for expansion of the core water and sewer systems of the City.
<br />
|