Laserfiche WebLink
CITY OF RAMSEY, MINNESOTA <br />DEVELOPMENT DISTRICT NO. 1 <br />SCHEDULE OF SOURCES AND USES OF PUBLIC FUNDS <br />Tax Increment Financing District No.S <br />For the Year Ended December 31, 1996 <br />(Unaudited) <br />Accounted <br />Original Amended for in <br />udeet Budeet Prior Years <br />Current <br />Year <br />Amount <br />Amount <br />Remainine <br />SOURCES OF FUNDS: <br />Bond proceeds (net) $ - $ - $ - <br />Tax increments received 759>683 759,683 305,246 <br />Interest on invested funds - - 19,723 <br />Special Assessments - - <br />Real estate sales - - - <br />Total Sources of Funds 759,683 759,683 324,969 <br />USES OF FUNDS: <br />Land acquisition - - - <br />Site improvements or <br />preparation costs - - - <br />Installation of public utilities 600,000 600,000 - <br />Streets and sidewalks - - - <br />Public park facilities - - - <br />Otherpublic improvements - - - <br />Bond payments - <br />$ - <br />270,235 <br />9,260 <br />$ - <br />184,202 <br />(28,983) <br />- 600,000 <br />Pnnc~pal - - - - - <br />Interest - - - - - <br />Loanpayments - <br />Principal - - 196,521 169,220 (365,741) <br />Interest - - 93,569 27,966 (121,535) <br />Administrative costs 50,000 50,000 9,410 2,701 37,889 <br />Other - <br />Payments to developers - - - - - <br />Total Uses of Funds 650,000 650,000 299,500 199,887 150,613 <br />DISTRICT BALANCE 109,683 109,683 25,469 79,608 4,606 <br />Transfers to other funds - - (5,393) (37,361) 42,754 <br />FUNDS REMAINING $ 109,683 $ 109,683 $ 20,076 $ 42,247 $ 47,360 <br />This supplementary schedule is required by Minnesota State Statutes. This schedule is unaudited, therefore <br />no opinion is expressed on it. <br />-129- <br />