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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, 1997 <br />(UNAUDITED) <br />Exhibit 8 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Tax increment collections $742,200 $675,454 $122,111 ($55,365) <br />Interest on investments - 59,424 2,178 (61,602) <br />Total sources of funds 742,200 734,878 124,289 (116,967) <br />Uses of funds: <br />Public improvements 630,000 512,196 39,202 78,602 <br />Land acquisition 65,000 - 65,000 <br />Demolition and site preparation 10,000 10,000 <br />Relocation costs 15,000 15,000 <br />Administrative 22,200 59,444 1,584 (38,828) <br />Transfer to other funds - 12,969 233,772 (246,741) <br />Total uses of funds 742,200 584,609 274,558 (116,967) <br />Funds remaining (deficit) $0 $150,269 ($150,269) $0 <br />Name of District: Sunrise Meadows <br />District Number: I -5 <br />Type of District: Economic Development <br />Date Certified: February 10, 1989 <br />Date Decertified: December 31, 1997 <br />Duration: 10 Years <br />Tax Capacity: <br />Original $23,272 <br />Current $136,938 <br />114 <br />