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<br />. <br /> <br />'. <br /> <br />. <br /> <br /> <br />City of Arden Hills <br />April I 0, 2003 <br />Page Nine <br /> <br />Special Revenue Funds <br /> <br />A summary of year end fund balances for all special revenue funds follows: <br /> <br /> Fund Balance (Deficit) Increase <br /> 2002 2001 (Decrease ) <br />Community Service $ 1,184 $ 38,843 $ (37,659) <br />Recreation Program (734) 302 (1,036) <br />Park 562,744 557,161 5,583 <br />Cable TV 243,463 207,790 35,673 <br />TCAAP 232,976 231,372 1,604 <br />Risk Management 196,550 181,805 14,745 <br />Economic Development Authority (489.646) (562.006) 72.360 <br />Total $ 746 537 $ 655.267 $ 91270 <br />Community Service <br /> <br />This fund will provide for various parks, recreation and public safety needs in the community as determined by the <br />Council and permitted by statute. The large decrease was due to a transfer out of$100,089. <br /> <br />Recreation Program <br /> <br />The summer playground activities of this fund were reclassified from the general fund in 1998. Expenditures were in <br />excess of revenue by $71 ,098, but the transfer of $70,062 returned operations to near break even. A deficit of $734 <br />exists at year end, <br /> <br />Park <br /> <br />This fund is used to finance and plan future new park capital improvements. The revenne mainly results trom park <br />dedication fees. <br /> <br />Cable TV <br /> <br />The fund balance is expected to be used for cable eqnipment and programming activities at the new city hall. <br /> <br />TCAAP <br /> <br />The fund balance is expected to be used for future development implementation planning activities. <br /> <br />Risk Management <br /> <br />This fund exists to pay deductible costs on insurance claims. The revenue will come from insurance dividends received <br />from the League of Minnesota Cities Insurance Trust. <br /> <br />Economic Development Autbority <br /> <br />The Economic Development Authority" had activity for the frrst time in 1997 and will account for tax increments and <br />projects within the TIF districts. The Development/Redevelopment TIF capital projects fund was closed into this fund in <br />1997. The Guidant loan is also recorded in this fuud and the forgivable portion was written off in 2001 since the terms of <br />the loan are met. The remaining loan component is $14,215. <br />