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CITY OF LINO LAKES, MINNESOTA <br />SCHEDULE OF SOURCES AND USES OF FUNDS <br />FOR TAX INCREMENT FINANCING DISTRICT #1 -7 <br />December 31, 1997 <br />(UNAUDITED) <br />Exhibit 12 <br />Accounted <br />Amended for in Current Amount <br />Budget Prior Years Year Remaining <br />Sources of funds: <br />Tax increment collections $1,511,700 hl 0,373 $45,635 $1,355,692 <br />Refunds and reimbursements - 3,800 12,100 (15,900) <br />Total sources of funds 1,511,700 114,173 57,735 1,339,792 <br />Uses of funds: <br />Land acquisition 964,300 167,889 68,652 727,759 <br />Public improvements 465,400 - 149,692 315,708 <br />Administrative 82,000 26,194 95,134 (39,328) <br />Transfer to other funds - - 1,107 (1,107) <br />Total uses of funds 1,511,700 194,083 314,585 1,003,032 <br />Funds remaining (deficit) $0 ($79,910) ($256,850) $336,760 <br />Name of District: Apollo Business Park <br />District Number: M -9, N -9, 0-7 <br />Type of District: Economic Development <br />Date Certified: May 31, 1995 <br />Duration: 11 Years <br />Tax Capacity: <br />Original $60,130 <br />Current $127,385 <br />118 <br />