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City of Lino Lakes, Minnesota <br />Management Report, Page 20 <br />Capital Improvements Fund <br />The 1985 Certificates were issued to finance the acquisition of equipment for <br />various departments of the City. The following schedule reflects the budget and actual <br />expenditures for this certificate: <br />1985 <br />Description Budget Actual <br />Police Cars $ 25,000 <br />Dump Truck with Plow 60,000 <br />Mini Dump Truck with Plow 17,000 <br />Equipment Trailer 3,000 <br />Street Sweeper 3,000 $ 3,000 <br />Crack Filling Machine 6,000 <br />Public Works Vehicle 4,725 4,725 <br />Totals $ 118,725 $ 7,725 <br />The certificates were sold for proceeds of $107,500. The above schedule reflects <br />- anticipated purchases of $118,725. The excess purchases (over the $107,500 1985 <br />Certificates of Indebtedness) is to be financed by the balance remaining in this fund <br />from prior years as well as future interest earnings. The remaining equipment is sche- <br />duled to be purchased in 1986. <br />The following schedule summarizes the activity of this fund through December 31, <br />1985. <br />Proceeds for issuance of 1981 certificates <br />Proceeds for issuance of 1985 certificates <br />Interest earnings: <br />1 981 <br />1982 <br />1983 <br />1984 <br />1 985 <br />Property taxes <br />Transfer from Debt Service Fund <br />Total revenue and other sources <br />Expenditures: <br />1981 <br />1982 <br />1983 <br />1984 <br />1985 <br />$ 111,400 <br />107,500 <br />1,288 <br />9,901 <br />1,758 <br />1,300 <br />1,192 <br />7,688 <br />2,390 <br />$ 2,707 <br />55,136 <br />50,506 <br />10,546 <br />7,725 <br />$ 244,417 <br />Total expenditures 126,620 <br />Fund balance - December 31, 1985 $ 117,797 <br />