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City of Lino Lakes, Minnesota <br />Management Report, Page 28 <br />1987 Certificates <br />1987 <br />Description Budget Actual Variance <br />Turf Mower /Snow Broom $ 15,000 $ 15,000 <br />Two Squad Cars 23,000 23,000 <br />Two Radar Units 2,500 2,500 <br />Front End Loader 20,000 20,000 <br />Civil Defense Siren 13,000 13,000 <br />Totals <br />$ 73,500 $ -0- $ 73,500 <br />The following schedule summarizes the activity of this fund through December 31, <br />1987. <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 />Interest earnings: <br />1981 1,288 <br />1982 9,901 <br />1983 1,758 <br />1984 1,300 <br />1985 1,192 <br />1986 5,218 <br />1987 2,459 <br />Property taxes 14,158 <br />Transfer from Debt Service Fund 2,390 <br />Total revenue and other sources <br />Expenditures: <br />1981 <br />1982 <br />1983 <br />1984 <br />1985 <br />1986 <br />1987 <br />$ 2,707 <br />55,136 <br />50,506 <br />10,546 <br />7,725 <br />82,315 <br />29,871 <br />$ 336,824 <br />Total expenditures 238,806 <br />Fund balance - December 31, 1987 $ 98,018 <br />After the scheduled purchases of equipment are made in 1988, the remaining fund <br />balance should be closed to the 1987 Certificates of Indebtedness Debt Service Fund (or <br />be expended on qualifying equipment purchases). <br />