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<br /> I <br /> I City of Arden Hills AID) <br /> April 12, 1996 ~ <br /> Page Five <br /> I . CElmmo[) PUFlLlC Accn. ;:-.n.\"lTS <br /> AND GJN5L!LTAt-.'TS <br /> I 1995 Expenditures <br /> I <br /> Recreation Transfers out <br /> I 12% 11% <br /> Public Works <br /> 14% <br /> General <br /> I Government <br /> 22% <br /> I <br /> I Public Safety <br /> 41% <br /> I . <br /> Soecial Revenue Funds <br /> I Community Services <br /> This fund balance increased $68,279 to finish at $113,046 at year end. <br /> I This fund will provide for various needs in the community as determined by <br /> the Council. <br /> Park Fund <br /> I This fund had expenditures of $315,804 and revenue of $148,619. The result <br /> was a decrease in fund balance of $167,185 and the December 31 balance was <br /> I $471,755. This fund is used to finance park improvements. <br /> Cable TV Fund <br /> I The fund balance increased $20,398 to $141,618 at year end. <br /> Debt Service Funds <br /> I There is no long-term debt outstanding at year end. The remaining assets of <br /> the debt service funds may be used for any public purpose. <br /> The remaining balance in the Fire Equipment Certificate of Indebtedness Fund <br /> I and the Equipment Certificate of Indebtedness Fund were closed into the <br /> Permanent Improvement Revolving Fund at year end. <br /> . The Advance Refunding of 1985 has December 31 fund balance of $789,702. <br /> I It should be noted, however, that the City remains contingently liable for the <br /> 1977 G.O. Improvement Bonds outstanding of $180,000 as further explained in <br /> the notes to the financial statements. <br /> I <br />