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City of Lino Lakes <br />Management Report, Page 22 <br />The City uses the Parks and Playgrounds Fund to collect both ordinance restricted <br />fees and donations from various groups. The fees collected under the ordinance have <br />restricted uses and must be used accordingly. The donations from various groups have <br />designated uses and should be expended accordingly. We recommend that all such <br />designated monies be listed and maintained for the appropriate purposes. <br />1981 Certificates Of Indebtedness <br />The 1981 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 1983 and 1982: <br />Over <br />(Under) <br />Description Budget Actual Budget <br />Police Cars $ 22,000 $ 21,747 $ (253) <br />Dump Truck 58,000 50,506 (7,494) <br />Tractor 12,000 18,503 6,503 <br />1-Ton Truck 11,000 11,416 416 <br />Squad Car Equipment 4,400 3,469 (931) <br />Wing Plow 4,000 2,708 (1,292) <br />Totals $ 111,400 $ 108,349 $ (3,051) <br />The City completed the purchase of all the above budgeted equipment during 1983. <br />The following schedule summarizes the activity of this fund through December 31, 1983. <br />Proceeds for issuance of certificates <br />Interest earnings: <br />1981 <br />1982 <br />1983 <br />$ 111,400 <br />1,288 <br />9,901 <br />1,758 <br />Total revenue provided $ 124,347 <br />Expenditures: <br />1981 <br />1982 <br />1983 <br />2,707 <br />55,136 <br />50,506 <br />Total expenditures 108,349 <br />Fund balance - December 31, 1983 $ 15,998 <br />