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CCP 05-15-2006
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CCP 05-15-2006
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5/8/2007 1:21:33 PM
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11/15/2006 10:10:06 AM
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<br />. <br /> <br />~ <br />I~?;t <br />FlL~ <br /> <br />City of Arden Hills <br />Apri] 14,2006 <br />Page Eleven <br /> <br />Debt Service Funds <br /> <br />Debt service funds are used to account for the payment of long-term debt principal and interest. Government accounting <br />docs not report the outstanding debt as a liability of the fund except for debt paid from enterprise funds. The following is a <br />summary of the assets accumulated in each Debt Service fund and the related long.tenn debt at year end. <br /> <br /> December 3], 2005 Final <br /> Total Total Bonds Maturity <br /> Cash Assets Outstanding Date <br />$ 1,962 $ 1,962 S 2,395,000 2015 <br /> <br />Debt Description <br />G,O. Tax Increment Bonds <br />Tax Increment Bonds of 1998A <br /> <br />Special Revenue Funds <br /> <br />A comparative summary afyear end fund balances (deficits) for all special revenue funds follows: <br /> <br /> Fund Balance (Deficit) <br /> December 31, Increase <br /> Fund 2005 2004 (Decrease) <br />. Major <br />Economic Development Authority $ 403,117 $ (454,660) $ 857,777 <br /> Nonmajor <br /> Communily service 4,022 (14,870) 18,892 <br /> Park 187,882 231,048 (43,166) <br /> Cable TV 296,911 275,653 21,258 <br /> TCAAP 8,341 147,532 (139,191) <br /> Risk Management 245,718 248.425 (2,707) <br /> Total nonmajor 742,874 887,788 (144,9]4) <br /> Total $ 1,145,991 $ 43::<128 $ 712,863 <br /> <br />. <br /> <br />%2.8;1.5.9090 . Fax 952.13:35.3261 <br /> <br />www,aeJll(;pa~.f:()fTl <br />
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