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CITY OF LINO LAKES, MINNESOTA
<br />CAPITAL PROJECT FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENDITURES AND
<br />CHANGES IN FUND BALANCE
<br />For The Year Ended December 31, 1998
<br />With Comparative Totals For The Year Ended December 31, 1997
<br />Town Civic Town Tax Increment Tax Increment
<br />Center Center Center Financing Financing
<br />Project Project Infrastructure 1-4 1 -5
<br />Revenue:
<br />General property taxes:
<br />Current and delinquent
<br />Fiscal disparities
<br />Tax increments
<br />Intergovernmental:
<br />Federal:
<br />Other
<br />State:
<br />MSA construction
<br />Other
<br />Special assessments:
<br />Current and delinquent
<br />Prepayments
<br />Penalties and interest
<br />Utility charges
<br />Investment earnings
<br />Refunds and reimbursements
<br />Rental payments
<br />Park dedication fees -
<br />Sale of property 99,469
<br />99,469
<br />Total revenue 99,469
<br />Expenditures:
<br />Current:
<br />General government:
<br />50,604 82,775
<br />168,228 28,478 3,677 460
<br />168,228 28,478
<br />54,281 83,235
<br />Contractual services 1,765 75,188
<br />Public works:
<br />Contractual services
<br />Capital outlay:
<br />General government
<br />Public safety
<br />Public works
<br />Parks, recreation and forestry
<br />Debt service:
<br />Interest 30,129 -
<br />Construction/acquisition 360,770 4,539,026 341,432
<br />Total expenditures 390,899 4,539,026 341,432 1,765 75,188
<br />Revenue over (under) expenditures (291,430) (4,370,798) (312,954) 52,516 8,047
<br />Other financing sources (uses):
<br />Operating transfer from Capital Project Fund 1,884,492 -
<br />Operating transfer to Debt Service Funds - - -
<br />Operating transfer to Capital Project Funds
<br />Bond proceeds 4,790,407 - -
<br />Total other financing sources (uses) 6,674,899 - -
<br />Net increase (decrease) in fund balance (291,430) 2,304,101 (312,954) 52,516 8,047
<br />Fund balance (deficit)
<br />Beginning of year, as previously stated 394,793 (143,878) 630,330 40,992 850
<br />Prior period adjustment - (111) (72)
<br />Beginning of year, as restated 394,793 (143,878) 630,330 4(1,881 778
<br />Residual equity transfer in 815,507
<br />Residual equity transfer out -
<br />Fund balance (deficit) - December 31 $103,363 $2,975,730 $317,376 $93,397 $8,825
<br />92
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