|
CITY OF LINO LAKES, MINNESOTA
<br />SCHEDULE OF SOURCES AND USES OF FUNDS
<br />- FOR TAX INCREMENT HOUSING DISTRICT #1 -1
<br />December 31,1994
<br />Exhibit 7
<br />_ Accounted
<br />Amended for in Current Amount
<br />Budget Prior Years Year Remaining
<br />Sources of funds:
<br />Bond proceeds $1,200,000 $ - $ - $1,200,000
<br />Tax increment collections 2,404,254 861,132 197,363 1,345,759
<br />- Interest on investments - 113,651 34,916 (148,567)
<br />Total sources of funds 3,604,254 974,783 232,279 2,397,192
<br />▪ Uses of funds:
<br />Public improvements 974,094 974,094
<br />Administrative - 8,827 23,175 (32,002)
<br />- Developer assistance 70,000 (70,000)
<br />Bonding costs 25,000 - 25,000
<br />Bond discount 24,000 24,000
<br />Capitalized interest 192,404 192,404
<br />Debt service 2,355,000 2,355,000
<br />Transfer to other funds - 11,070 694 (11,764)
<br />Total uses of funds 3,570,498 19,897 93,869 3,456,732
<br />Funds remaining (deficit) $33,756 $954,886 $138,410 ($1,059,540)
<br />79
<br />
|