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City of Lino Lakes, Minnesota
<br />Management Report, Page 22
<br />_ The diverse nature of the type of debt included in the same fund type requires careful analysis
<br />to determine the adequacy of the fund balance and projected fund balance. The following schedule
<br />extracts information from several sections of the 1991 Annual Financial Report to assist in this
<br />analysis.
<br />December 31, 1991 Scheduled Final
<br />Fund Defeaed Outstanding Property Maturity
<br />Fund Description Balance Revenue Total Debt Taxes Date
<br />General Debt
<br />- 1989A Certificates of Indebtedness ($2,031) $2,675 $644 $180,000 $217,916 5/1/94
<br />1989B Certificates of Indebtedness 62,233 2,234 64,467 225,000 208,297 2/1/95
<br />1990 Certificates of Indebtedness 712 600 1,312 71,000 86,959 1/1/96
<br />Public Project Revenue Bonds of 1990A 47,596 1,262 48,858 1,115,000 2,181,616 2/1/10
<br />"" Total general debt 108,510 6,771 115,281 1,591,000 2,694,788
<br />Special Assessment Debt
<br />,_ Improvement Bonds of 1983 45,624 28,245 73,869 20,000 10/1/93
<br />Improvement Bonds of 1984 6,731 4,290 11,021 10,500 11/1/94
<br />Improvement Bonds of 1986 162,045 326,954 488,999 90,000 839 2/1/97
<br />Improvement Bonds of 1988 859,989 409,410 1,269,399 935,000 2/1/97
<br />Temporary Improvement Bonds of 1989 1,523,063 1,059,901 2,582,964 4,660,000 7/1/92
<br />Temporary Improvement Bonds of 1990B 273,390 58,185 331,575 1,015,000 8/1/93
<br />Temporary Improvement Bonds of 1991A 240,343 560,864 801,207 4,260,000 8/1/94
<br />Total special assessment debt 3,111,185 2,447,849 5,559,034 10,990,500 839
<br />Total - All Debt Service Funds $3.219.695 52.454.620 $5,674,315 $12,581,500 $2,695,627
<br />Deferred revenue of the preceding schedule primarily consists of uncollected special
<br />assessments. The preceding schedule compares outstanding debt with: 1) fund balance; and, 2)
<br />deferred revenue.
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