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City of Lino Lakes, Minnesota <br />Management Report, Page 39 <br />1987 Construction <br />This fund accounts for the various projects financed by the Temporary Improvement Bonds of <br />1987. The fund balance of this fund was $135,944 at December 31, 1989 of which approximately <br />$36,790 is designated for the final bituminous wearing surface. <br />1988A Construction <br />This fund accounts for the various projects financed by the Permanent Improvement Bonds of <br />1988. The fund balance of this fund was $164,461 at December 31, 1989 which is designated for <br />the fmal bituminous wearing surface. <br />1988B Construction <br />This fund accounts for the various projects financed by the Temporary Improvement Bonds of <br />1988. The fund balance of this fund was $241,299 at December 31, 1989 of which a portion is <br />designated for the final bituminous wearing surface. We recommend the City obtain estimated <br />amounts for final paving and transfer the remaining balance to the Temporary Improvement Bonds <br />of 1988 debt service fund. <br />1989 Construction <br />This fund accounts for the various projects financed by the Temporary Improvement Bonds of <br />1989. The fund balance of this fund was $1,517,794 at December 31, 1989. The projects are <br />scheduled for completion in 1990. <br />