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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT HOUSING DISTRICT #1 -2 <br />December 31, 1994 <br />Exhibit 8 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Bond proceeds $975,000 $ - $ - $975,000 <br />Tax increment collections - 300,209 139,346 (439,555) <br />Interest on investments 20,185 12,851 (33,036) <br />Total sources of funds 975,000 320,394 152,197 502,409 <br />Uses of funds: <br />Public improvements 170,000 <br />Land acquisition 515,000 <br />Demolition and site preparation 23,500 <br />Relocation costs 15,000 <br />Administrative 31,500 <br />Bond discount 20,000 <br />Capitalized interest 200,000 <br />Transfer to other funds - <br />Total uses of funds 975,000 <br />14,365 <br />11,069 <br />25,434 <br />170,000 <br />515,000 <br />23,500 <br />15,000 <br />21,128 (3,993) <br />20,000 <br />200,000 <br />694 (11,763) <br />21,822 927,744 <br />Funds remaining (deficit) $0 $294,960 $130,375 ($425,335) <br />80 <br />