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<br /> rY'?~'fF7J <br /> ~r'~ City of Arden Hills <br /> ~i~ May 14, 1998 <br /> . Page Five <br /> :.i .C ,'! <br /> 1997 Expenditures <br /> Transfers out <br /> Culture and recreation 16.31% Capital outlay <br /> 5.47% <br /> 9.25% <br /> General Government <br /> 19.9J% <br /> Public Works <br /> 13.87% <br /> Public Safety <br /> 35.19% <br /> .. Special Revenue Funds <br /> Community Services <br /> This fund balance increased S75,126 and was $250,242 at year end. This fund will provide for various needs in the <br /> community as determined by the Council. <br /> Park Fund <br /> This fund had expenditures of $64,058 and revenue of $92,571. The result was an increase in fund balance of <br /> $28,513 and the December 31 balance was $465,011. This fund is used to finance park improvements, <br /> Cable TV Fund <br /> The fund balance increased S23,801 and was $189,076 at year end. The fund balance is expected to be used for <br /> cable equipment at a new city hall. <br /> Insurance Deductible <br /> This fund exists to pay deductible costs on insurance claims. The revenue will come from insurance dividends <br /> received from the League of Minnesota Cities Insurance Trust. The year end fund balance was $56,971. <br /> Economic Develooment Authoritv <br /> The Economic Development Authority had activity for the first time in 1997 which will account for tax increments <br /> received and projects within the TIF district. The Development/Redevelopment TIF Capital Projects Fund was <br /> closed into this fund in 1997. The Cardiac Pacemakers, Inc. forgivable loan of $300,000 is also recorded here and <br /> will be written off as the terms of the loan are met. <br /> . <br />