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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 /> <br />. <br /> <br />. <br /> <br /> <br />City of Arden Hllls <br />Apnl J4, 2006 <br />Page Thirteen <br /> <br />Capital Projects Funds <br /> <br />These funds accumulate resources to finance major capital acquisition and construction projects. A recap of each fund and <br />fund balances follows: <br /> <br />Fund <br /> <br /> Fund Balances <br /> December 31, Increase <br /> 2005 200,1 (Decrease) <br />$ 6,2l.1,340 $ 4.798560 $ 1,414,780 <br /> 16,945 ( 16.945) <br /> 1,557,065 ( 1,557,065) <br /> 148.206 ( 148,206) <br /> 521,370 500.260 21,110 <br /> 521,370 2.222.476 11,701.106) <br />$ 6,734,710 $ 7,021,036 S (286,326) <br /> <br />Major <br />Permanent Improvement Revolving <br /> <br />Nonmajor <br />Municipal Land and Buildings <br />Non~Assessable Road lmprovcmcnts <br />Capital Equipment <br />Public Safety Capital Equipment <br /> <br />Total nonmajor <br /> <br />Total <br /> <br />As projects are completed, the City should transfer the remaining resources to the original funding source or to the <br />Pennancnt lmprovement Revolving (PIR) fund. The City chose to close the funds with a zero fund balance to the PJR fund <br /> <br />-~. -~~- ~~-, <br /><H YCd! CJ!U. <br /> <br />Permanent Improvement Revolving (PIR) :Fund <br /> <br />The fund balance at year end was $6,213,340, ofv....hich - represents the amount of the unpaid advance 10 the Lconomic <br />Development Authority related to the acquisitions ofthe Indy Kiewlcz property. This entire advance is expected to be <br />repaid to the PIR Fund from Ramsey County reimbursement and remnant parcel sale proceeds. lnterest income from the <br />loan for 2005 was $4] ,880. <br /> <br />J\1nnicipal Land and Buildings <br /> <br />This fund \Vas closed at year end and its remaining resources were transferred to the PIR fund. <br /> <br />Non-Assessable Road Improvements <br /> <br />This fund was closed at year end and its remaining resources \vere transfened to the PIR fund. <br /> <br />Capital Equipment <br /> <br />This fund was closed at year end and its remaining resources were transferred to the PJR fund. <br /> <br />Public- Safety Capital Equipment <br /> <br />The fund balance will be used for equipment replacement. <br /> <br />952.8:).;).9090 . Fa:<.952.8.j;)_:\261 <br /> <br />WWW...Wlrlfp.l.;.Cl)lll <br />
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