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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1994 <br />Note 16 SHARE IN GAS FRANCHISE PROFITS. <br />The City receives a share of the gross billing for natural gas sales by a neighboring City which provides service <br />within the City of Lino Lakes. The amount reported as revenue for 1994 totaled $61,734. The amount reported <br />as 1994 revenue includes the City of Lino Lakes' share for 1993 and 1994. <br />Note 17 SUBSEOUENT EVENT <br />On February 1, 1995 the City called for early redemption, all outstanding bond principal in the amount of <br />$350,000, of the G.O. Improvement Bonds of 1988A. <br />38 <br />