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City of Lino Lakes, Minnesota <br />Management Report, Page 31 <br />Surface Water Management Fund <br />This fund was established in 1989 to account for the financing of surface water management <br />planning and storm sewer trunk lines. During 1990, the City levied its first assessments for <br />surface water management charges. The City is currently working on phase one of a three phase <br />surface water management plan. The cost of the plan will be financed by developer charges. <br />Interim Construction <br />The Interim Construction Fund was established in 1985 to account for the preliminary <br />construction costs prior to permanent bonding or other financing determination. The various <br />projects accounted for in this fund are detailed in Exhibit 4 of the 1992 Annual Financial Report. <br />The fund balance of this fund was a deficit of $266,410 at December 31, 1992. The City has <br />determined financing sources for certain projects. <br />MSA Construction <br />The MSA Construction Fund was established in 1990 to account for the collection of <br />assessments on MSA projects in accordance with the City's Public Improvement Financing Policy. <br />The fund balance of this fund was $37,100 at December 31, 1992. <br />Sealcoatinz <br />This fund was established in 1991 to account for money received from private developers for <br />future sealcoating in, new housing developments. The fund balance of this fund was $90,811 at <br />December 31, 1992. <br />