Management Report and Recommendations 12/31/1982

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City of Lino Lakes Management Report, Page 31 Capital Project Funds The financial statements for the City's Capital Project Funds are presented in Statements 12 and 13 of the 1982 Annual Financial Report. A Capital Project Fund is a classification of funds to account for receipts and disbursement of monies used for acquisition and construction of capital facilities other than those financed by special assessment funds. The fund balances of the Capital Project Funds at December 31, 1982 and 1981 were: December 31, Increase Fund 1982 1981 (Decrease) Parks and Playground $ 103,349 $ 90,642 $ 12,707 1981 Certificates of Indebtedness 64,746 109,980 (45,234) Community Development Block Grant -0- -0- LAWCON Grant (878) -0- (878) Totals $ 167,217 $ 200,622 $(33,405) Parks and Playground This fund was established to account for dedicated park fees. The fund balance of $103,349 at December 31, 1982 is available for expenditures by the City to fund capital outlay and maintenance of dedicated park lands. During 1982, the City received park dedication fees of $3,720, interest of $9,564 and donations from various City groups of $4,600. The City normally collects park dedication fees upon sub - division. The City has made exceptions for several developers to allow for payment upon development (as opposed to subdivision). The amount of these park dedication fees receivable was $12,306 at December 31, 1982. The City uses the Parks and Playgrounds Fund to collect both ordinance restricted fees and donations from various groups. The fees collected under the ordinance have restricted uses and must be used accordingly. The donations from various groups have designated uses and should be expended accordingly. The City is considering the establishment of a separate Special Revenue Fund to account for donations from various groups to provide better data as to the disposition of these separate monies.