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<br />. <br />I City of Arden Hills AElX) <br /> April 10, 1997 ~ <br />.e Page Four <br /> CERTlAEO PuBlIC Ac'(.'ol~T:''''T~ <br /> AN()CoNSlU-\~TS <br />. 1996 Expenditures <br />. Transfers out Capital outlay <br /> 20% <br /> Recreation 5% <br />. 9% <br /> General Government <br /> 18% <br />I <br />I Public Works <br /> 12% Public Safety <br />I 36% <br />.. Special Revenue Funds <br /> Community Service..~ <br />I This fund balance increased $62,070 to finisb at $175,116 at year end This fund will provide for various needs <br /> in the community as determined by the Council. <br /> Park Fund <br />I This fund had expenditures of $152,395 and revenue of $117,138. The result was a decrease in fund balance of <br /> $35,257 and the December 31 balance was $436,498. This fund is used to finance park improvements. <br />I Cable TV Fund <br /> The fund balance increased $23,657 to $165,275 at year end. <br />I Insurance DeductJble <br /> This fund will exist to pay deductJble costs on insurance claims. The revenue source to start the fund came <br />I from the insurance dividend received from the League of Minnesota Cities Insurance Trust. The year end fund <br /> balance was $20,990. <br /> Special revenue funds also include the Recreation Program and TCAAP funds, whose fund balances at year end <br />. were $(760) and $10,252, respectively. <br /> Debt Service Funds <br />I There is no long-tenD debt outstanding at year end. The remaining assets of the debt service funds may be used for <br /> any public purpose. <br />Ie The Advance Refunding of 1985 has December 31 fund balance of $898,387. <br /> It should be noted, however, that the City remains contingently liable for the 1977 G.O. Improvement Bonds <br /> outstanding of$90,000 as further explained in the notes to the fInancial statements. <br />I <br />