My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CCP 05-13-2002
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2000-2009
>
2002
>
CCP 05-13-2002
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/8/2007 1:17:12 PM
Creation date
11/13/2006 4:04:04 PM
Metadata
Fields
Template:
General (2)
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
181
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br />City of Arden Hills <br />April 10, 2002 <br />Page Seven <br /> <br />. <br /> <br />Debt Service Funds <br /> <br />The final payment ofthe G.O. Improvement Bonds of 1977, which were refunded in 1985, were fully paid hy the escrow in <br />1997. This allows the remaining $22.246 fund balance to be used for any public purpose. <br /> <br />The Tax Increment Bonds of 1998 were issued in 1998. The debt service on the $3,030,000 obligation will be recorded in this <br />fund. Tax increment collections will provide the resources to pay the bonds, which mature in 2015. <br /> <br />Capital Projects Funds <br /> <br />A summary of all capital projects funds follows: <br /> <br />Total <br /> <br /> Fund Balance (Deficit) Increase <br /> 2001 2000 (Decrease ) <br />$ (107,323) $ 2,394,207 $ (2,501,530) <br /> 1,495,998 1,418,649 77,349 <br /> 162,554 152,771 9,783 <br /> 423,195 385,942 37,253 <br /> 7 .664.289 6.915.221 749.068 <br />$ 9638 711 $ 11 266 790 $ 11 62JWTI) <br /> <br />Municipal Land and Buildings <br />Non-Assessable Road Improvements <br />Capital Equipment <br />Public Safety Capital Equipment <br />Permanent Improvement Revolving (PIR) Fund <br /> <br />. Municipal Land and Buildings <br /> <br />This fund will be used to improve existing City buildings or provide for new buildings. The fund balance decreased <br />$2,501,530 due to financing the construction of the new City Hall. <br /> <br />Non-Assessable Road Improvements <br /> <br />The fund balance of $1,495,998 at year end exists for the completion of future projects such as New Brighton Road, <br />West Round Lake Road. Highway 96 and County Road D. <br /> <br />Capital Equipment <br /> <br />Its purpose will be to accumulate resources to finance major equipment purchases. <br /> <br />Public Safety Capital Equipment <br /> <br />The fund balance of $423,195 will be used for equipment replacement. <br /> <br />Permanent Improvement Revolving (PIR) Fund <br /> <br />The fund balance at year end was $7,664,289, of which $710,050 represents the amount of the unpaid advance to the <br />Economic Development Authority related to the acquisitions of the Indy Kiewicz property. Substantially this entire <br />advance is expected to be repaid to the PIR Fund from Ramsey County reimbursement and remnant parcel sale proceeds. <br />Interest income for 2001 was $464,935. <br /> <br />. <br />
The URL can be used to link to this page
Your browser does not support the video tag.