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City of Lino Lakes, Minnesota <br />Management Report, Page 32 <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 1992 Total <br />Revenue <br />SAC refund $365,175 $365,175 <br />Interest earning 47,284 $19,357 66,641 <br />Total revenue $412,459 $19,357 431,816 <br />Expenditures $0 $0 0 <br />Fund Balance - December 31, 1992 $431,816 <br />1988B Construction <br />This fund accounted for the various projects financed by the Temporary Improvement Bonds <br />of 1988. The City closed this fund in 1992. <br />