CCP 05-13-2002 - Laserfiche WebLink

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I .- - #3 I Housing I 1993 15 years 36,581 I 1.709 34 872 I I CITY OF ARDEN HILLS, MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 Note 3: DETAILED NOTES ON ALL FUNDS AND ACCOUNTS - CONTINUED H. Tax Increment Districts The City is the administering authority for the following tax increment fmancing districts: Type of district Year established Duration of district District No. #2 Redevelopment 1989 25 years $ 401,350 $ 24.778 $ 376,572 $ $ 3,100,000 $ 70.000 $ 3 030 000 $ Current tax capacity (payable 2001) Original tax capacity Captured tax capacity retained by authority Total bonds issued Amounts redeemed Outstanding bonds/loans at December 31, 200 I I. Fund Equity Reservations and Designations The components of fund equity are described in Note 1. Certain reservations and designations have been made in the following funds: Purpose Amount Reserved General fund Compensated absences Prepaid items Payment oflong-term debt Interfund advances $ 21,652 17,555 2,015 710.050 Debt service funds Capital proj ccts fund Total $ 751 272 Designated General fund $ 674497 Working capital J. Coutributed Capital The changes in the City's contributed capital accounts of its enterprise funds were as follows: Sources Water Sewer Total Beginning balance, contributed capital $ 4,187,203 $ 2,537,476 $ 6,724,679 Less depreciation on contributed assets 49.432 56.579 106.011 Ending balance, contributed capital $ 4.137771 $ 2.480897 $ 6618668 -20- I .. I I I I I I .- I -