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CITY OF LINO LAKES, MINNESOTA
<br />DEBT SERVICE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />For The Year Ended December 31, 1994
<br />With Comparative Totals For The Year Ended December 31,1993
<br />Temporary Temporary
<br />Improvement Improvement Improvement Improvement
<br />Closed Bonds of Bonds of Bonds of Bonds of
<br />Bond 1988 1991A 1992A 1994A
<br />Revenue:
<br />General property taxes:
<br />Current and delinquent $1,043 $ $ $ $
<br />Fiscal disparities 90
<br />Intergovernmental:
<br />State:
<br />HACA and equalization aid -
<br />Special assessments:
<br />Current and delinquent 13,025 35,673 74,895 67,547
<br />Prepayments 20,491 3,404 394,980 141,935 81,425
<br />Tax forfeit - 14,003 -
<br />Penalties and interest 2,637 154 1,021 8,028
<br />Other 13,235 - -
<br />Interest on investments 9,223 25,964 12,082 16,411 1,134
<br />Total revenue 59,744 79,198 482,978 233,921 82,559
<br />Expenditures:
<br />Current:
<br />General government 36,637 -
<br />Debt service:
<br />Principal retirement 155,000 4,260,000 150,000
<br />Interest 38,573 238,560 209,320
<br />Paying agent fees 357 400 400 400
<br />Total expenditures 36,637 193,930 4,498,960 359,720 400
<br />Revenue over (under) expenditures 23,107 (114,732) (4,015,982) (125,799) 82,159
<br />Other financing sources (uses):
<br />Operating transfer to Debt Service Funds
<br />Operating transfer to Capital Project Funds (2,923)
<br />Operating transfer from Debt Service Fund
<br />Bond proceeds 3,614
<br />Total other financing sources (uses) (2,923) 0 0 0 3,614
<br />Net increase (decrease) in fund balance 20,184 (114,732) (4,015,982) (125,799) 85,773
<br />Fund balance (deficit) - January 1 247,688 881,927 2,317,472 657,389 0
<br />Residual equity transfer in 21,585 1,698,510 -
<br />Residual equity transfer out
<br />Fund balance (deficit) - December 31 $289,457 $767,195 $0 $531,590 $85,773
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