Laserfiche WebLink
City of Lino Lakes, Minnesota <br />Management Report, Page 25 <br />SAC Revolving <br />The SAC Revolving Fund was established in 1990 to account for a refund from the MWCC of <br />past SAC charges which were paid by residents that had not hooked up to the sewer system. <br />A summary of financial activity of this fund is as follows: <br />Prior <br />Years 1993 Total <br />Revenue <br />SAC refund $365,175 $0 $365,175 <br />Interest earning 66,641 25,458 92,099 <br />Total revenue $431,816 i $25,458 457,274 <br />Expenditures $0 4 0 0 <br />Fund Balance - December 31, 1993 $457,274 <br />