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City of Lino Lakes, Minnesota <br />Management Report, Page 19 <br />Capital Project Funds <br />The financial statements for the City's Capital Project Funds are presented in <br />Statements 12 and 13 of the 1985 Annual Financial Report. A Capital Project Fund is a <br />classification of funds to account for receipts and disbursement of monies used for <br />acquisition and construction of capital facilities other than those financed by special <br />assessment funds. The fund balances of the Capital Project Funds at December 31, 1985 <br />and 1984 were: <br />Fund <br />Parks and Playground <br />Capital Improvements <br />Community Development Block Grant <br />LAWCON Grant <br />City Hall Expansion <br />Totals <br />December 31, <br />1985 1984 <br />$ 122,341 <br />117,797 <br />(133) <br />(43,302) <br />-0- <br />$ 196,703 <br />$ 111,162 <br />14,394 <br />(14,474) <br />(41,027) <br />(50,866) <br />$ 19,189 <br />Increase <br />(Decrease) <br />$ 11,179 <br />103,403 <br />14,341 <br />(2,275) <br />50,866 <br />$177,514 <br />Parks and Playground <br />This fund was established to account for dedicated park fees. The City uses the <br />Parks and Playgrounds Fund to collect both ordinance restricted fees and donations from <br />various groups. The fund balance of $122,341 at December 31, 1985 is available for <br />expenditures by the City to fund capital outlay and maintenance of dedicated park lands. <br />The City normally collects park dedication fees upon subdivision. The City has made <br />exceptions for several developers to allow for payment upon development (as opposed to <br />subdivision). The amount of these park dedication fees receivable was $5,060 at <br />December 31, 1985. <br />