Management Report and Recommendations 12/31/1988

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City of Lino Lakes, Minnesota Management Report, Page 20 December 31, 1988 Scheduled Final Fund Defeaod Outstanding Property Maturity Fund Description Balance Revenue Total Debt Taxes Date Genial Debt 1985 Certificates of Indebtedness $5,274 $1,399 $6,673 $0 $0 12/1/88 1987 Certificates of Indebtedness 625) 1,777 (4,748) 0 0 11/1/88 Total general debt (1Ja1) T 1,925 0 0 Special Assessment Debt Improvements Bonds of 1981 21,645 14,190 35,835 15,000 12/1/91 Improvements Bonds of 1982* 283,934 307,308 591,242 0 2/1/81 Improvements Bonds of 1983 8,376 61,693 70,069 50,000 10/1/93 Improvements Bonds of 1984 11,012 10,540 21,552 21,000 11/1/94 Improvements Bonds of 1986 73,838 132,268 206,106 465,000 40,675 2/1/97 Temporary Improvement Bonds of 1987 521,070 360,007 881,077 1,650,000 9/1/90 Temporary Improvement Bonds of 1988 53,061 53,061 610,000 10/1/91 Improvements Bonds of 1988 (209.227) 1.035.324 826.097 1.160.000 2/1/97 Total special assessment debt 763.709 1.921.330 2.685.039 3.971.000 40.675 Total - All Debt Service Funds $762,458 $1,924,506 $2,686,964 $3,971,000 $40,675 Assets pledged to pay debt of Improvement Bonds of 1986. Deferred revenue of the preceding schedule primarily consists of uncollected special assessments. The preceding schedule compares outstanding debt with: 1) fund balance; and, 2) deferred revenue. Debt service funds should be evaluated at least annually. The following chart summarizes steps to consider.