CCP 05-15-2006 - Laserfiche WebLink

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CITY OF ARDEN HILLS, MINNESOTA NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31 . Note 3: DETAILED NOTES ON ALL FUNDS - CONTI1'nJED Construction Conunitments pD I ETn_ I As of December 31,2005, the City has signed contracts summarizes those commitment....,: Project Spent to date Remaining Commitment 2005 PMP project (Red Fox/Grey Fox) $ 1,553,565 $ 30,790 D. Interfund Receivables, Payables and Transfers The Economic Development Authority fund had a loan from the Permanent Improvement Revolving fund which was paid off in 2005. Interfund transfers Transfer in Tax Increment Permanent Nonmajor General Bonds Improvement governmental Fund Fund of1998A Revolving Funds Total Transfer out Economic Development . Authority $ $ 286,376 $ $ $ 286,376 Nonmajor governmental 28,335 1,751,368 18,890 1,798,593 Total $ 28,335 $ 286,376 $ 1,751,368 $ 18.890 $ 2,084.969 Transfers were made for the follov.mg purposes: . The Economic Development Authority fund transferred $286376 to the Tax Increment Bonds of 1998A fund for its share of debt expenditures. . The Community Service fund transferred $28,335 to the General fund to cover culture and recreation expenditures. . The Community Service fund transferred $18,890 to the Public Safety Capital Equipment fund for future public safety capital expenditure. . The Non-assessable Road Improvements fund transferred $1,582,151 to close the fund into the Permanent Improvement Revolving fund. . The Capital Equipment fund transferred $152,385 to close the fund into the Pennanent Improvement Revolving fund. . The Municipal Land and Buildings flUld transferred $16,832 to close the fund into the Permanent Improvement Revolving fund. . -34-