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CCP 05-22-2006
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CCP 05-22-2006
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5/8/2007 1:21:35 PM
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11/15/2006 10:10:14 AM
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<br /> <br />City of Arden J-!l[]S <br />Apli114,2006 <br />Page E1cven <br /> <br />Debt Service Funds <br /> <br />Debt service funds arc used to account for the payment oflong-term debt principal and interest. Govemment accounting <br />does not report the outstanding debt as a liability of the fund except for debt paid from emerpnsc funds. The follO\ving is a <br />summary of the assets accumulated in each Debt Service fund and the related long-term debt at year end. <br /> <br /> December 31,2005 Final <br /> Total Total Bonds Maturity <br /> Cash Assets Outstanding Dale <br />$ 1,962 S 1,962 S 2,395,000 20J5 <br /> <br />Debt Description <br />GO. Tax Increment Bonds <br />Tax lncrement Bonds of 1998A <br /> <br />Special Revenue Funds <br /> <br />A comparative summary afyear end fund balances (deficits) for all special revenue funds foIlO\\'s: <br /> <br /> Fund Balance (Deficit) <br /> December 3], Increase <br /> Fund 2005 200,j (Decrease) <br />. Major <br />Economic Development Authority $ 403,117 $ ( 4S4,660) $ 857,777 <br /> Nonmajor <br /> Community service 4,022 (1,1,8701 18.892 <br /> Park 187,882 231,018 (43,166) <br /> Cable TV 296,9J1 275.653 21,258 <br /> TCAAP 8,341 147,532 ( 139,19Ii <br /> Risk -rv'lanagemcnt 245,718 248,425 (2,107) <br /> Total nonmajor 742,874 887,788 1144,914) <br /> Total $ 1,145.991 $ 4:r:U28 S 712.863 <br /> <br />. <br /> <br />952.835.9090 Eu %2.8:t).326J <br /> <br />www.a~!Iwp,I,,;.("om <br />
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