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City of Lino Lakes, Minnesota
<br />Management Report, Page 24
<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 Annual Financial Report to assist in this analysis.
<br />December 31.1989 &headed Final
<br />Find Deferred Outstanding Property Mutrity
<br />Fund Description Balance Revenue Total Debt Taxes Date
<br />General Debt
<br />1989A Certificates of Indebtedness (511.475) SO (511.4751 5300.000 8387.293 11/1/88
<br />Total general debt (11,475) 0 (11,475) 300,000 387,293
<br />Special Assessment Debt
<br />Improvement Bonds of 1981 22,819 9,547 32366 10,000 12/1/91
<br />Improvement Bonds of 1983 10,908 51,588 62,496 40,000 10/1/93
<br />Improvement Bonds of 1984 11,128 7,150 18,278 17,500 11/1/94
<br />Improvement Bonds of 1986 320,911 393,529 714,440 340,000 5,036 2/1/97
<br />Temporary Improvement Bonds of 1987 824,879 196,523 1,021,402 1,650,000 9/1/90
<br />Improvement Bonds of 1988 470,403 804,697 1,275,100 1,160,000 2/1/97
<br />Temporary improvement Bonds of 1988 245,163 80,029 325,192 610,000 10/1/91
<br />Temporary Improvement Bonds of 1989 396.201 0 396.201 4.660.000 7/1/92
<br />Total special assessment debt 2.302.412 1.543.063 3.845.475 8.487.500 5.036
<br />Total - All Debt Service Funds $2,290,937 S1, 543,063 $3,834,000 $8,787,500 8392,329
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<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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