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<br />I)
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<br />City of Arden Hills
<br />April I, 2004
<br />Page Ten
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<br />Capital Projects Funds
<br />A summary of year end fund balances for all capital projects funds follows:
<br />
<br />$8,000.000
<br />$7,000,000
<br />$6,000,000
<br />$5,000,000
<br />$4,000,000
<br />$3,000,000
<br />$2,000,000
<br />$1,000,000
<br />
<br />$-
<br />$(1,000,000)
<br />
<br />,'~.
<br />
<br />_?OO3
<br />_200~
<br />
<br />Capital Projects Fund Balances
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<br />
<br />.M... .. I L d Non-Assessable
<br />; _,prtlclpa an
<br />. .. Road
<br />and' B~.IlIdmgs 1
<br />mprovements
<br />
<br />Capital Public Safety Penn anent
<br />Capital Improvement
<br />Equipment Equipment Revolving Fund
<br />$144,153 $459,316 $6,820,729
<br />$141,626 $441,864 $7,987,497
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<br />$(65,365)
<br />$(150,944)
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<br />$1.576,495
<br />$1,551,255
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<br />::,:,,- '--:
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<br />X.tY.!llnicipal Land and Builillngs
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<br />fh~~~--,-~~ will be used to imp~qYe existing City buildings or provide for new buildings. The deficit should be eliminated
<br />hy a t\"P~fer from other funds, .. .
<br />
<br />,'<',',
<br />Non-Asse~$'a,ble Road Impr(}~ernents
<br />The fund balanc:e-itxearend'exists for the completion of future projects.
<br />Capital Equipment.
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<br />Its purpose will be to accumulate resources to finance major equipment purchases.
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<br />Public Safety Capital Equipment
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<br />The fund balance will be used for equipment replacement.
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<br />Permanent Improvement Revolving (PIR) Fund
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<br />The fund balance at year end was $6,820,729, of which $797,141 represents the amount oflbe unpaid advance to the
<br />Economic Development Authority related to the acquisitions of tile Indy Kiewicz property. This entire advance is
<br />expected to be repaid to the PIR Fund from Ramsey County reimbursement and remnant parcel sale proceeds. Interest
<br />income for 2003 was $194,153.
<br />
<br />952.&:-JS.9090 . FOlX 952.83."i.3261
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<br />www.aemcplls.com
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