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City of Lino Lakes, Minnesota <br />Management Report, Page 33 <br />The following schedule summarizes the activity of this fund through December 31, 1990: <br />Proceeds from issuance of 1981 Certificates $111,400 <br />Proceeds from issuance of 1985 Certificates 107,500 <br />Proceeds from issuance of 1987 Certificates 78,260 <br />Proceeds from issuance of 1989 Certificates 300,566 <br />Proceeds from issuance of 1989B Certificates 275,000 <br />Interest eamings 50,206 <br />Property taxes 14,532 <br />State - MSA, Computer purchase 4,944 <br />Transfer from Debt Service Fund 2,390 <br />Total revenue and other sources <br />Expenditures: <br />1981 - 1989 <br />1990 <br />Total expenditures <br />488,652 <br />291,803 <br />$944,798 <br />780,455 <br />Fund Balance - December 31, 1990 $164,343 <br />After the scheduled purchases of equipment are made in 1991, the remaining fund balance <br />should be closed to the related Certificates of Indebtedness Debt Service Fund (or be expended on <br />qualifying equipment purchases). <br />