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City of Centerville
<br /> April 16, 1998
<br /> Page Seven
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<br /> Capital Projects Funds
<br /> The following funds were established to account for the resources used for the acquisition or construction of
<br /> major capital facilities. As projects are completed, any remaining funds should be transferred to their funding
<br /> source. The following funds along with their fund balance are included in this group:
<br /> Fund Balance (Deficit) Increase
<br /> Fund 1997 1996 Decrease
<br /> Flood Plains Reduction $ 180,887 $ 174,553 $ 6,334
<br /> Park 108,829 33,480 75,349
<br /> Fire 5,622 5,407 215
<br /> TIF Projects 361,346 372,039 (10,693)
<br /> Centerhill Third Addition 123,189 118,483 4,706
<br /> Municipal Building Project 2,849 2,740 109
<br /> 1993 -2 Acorn Creek 22,964 (29,101) 52,065
<br /> Pedestrian Trailways (936) (936) -
<br /> Storm Water 25,151 7,783 17,368
<br /> Golden Meadows - 7,398 (7,398)
<br /> Clearwater Meadows Project 60,077 95,572 (35,495)
<br /> Eagle Pass Addition 5,828 40,591 (34,763)
<br /> Lakeland Hills (38,911) (452) (38,459)
<br /> Elementary Water Extension 57,617 60,553 (2,936)
<br /> TIF District 1 -4 10,753 10,753
<br /> TIF District 1-5 (2,063) (2,063)
<br /> Senior Housing (46,875) (46,875)
<br /> Parkview Development 4,751 - 4,751
<br /> Willow Glen Development 22,249 59) 22,308
<br /> Total $ 903,327 $ 888,051 $ 15,276
<br /> Several funds have completed their project and should be closed. The remaining funds in the Flood
<br /> Plains Reduction should be closed to the Debt Service Fund. The Fire Fund could become part of the
<br /> General Fund. The Centerhill Third Addition could be used for any public purpose. The Municipal
<br /> Building should be closed to the Debt Service Fund. The 93 -2 Acorn Creek should be closed to the Debt
<br /> Service Fund. The Pedestrian Trail should be closed with resources from another fund. The Elementary
<br /> Water Extension should be closed to the Debt Service Fund. The Senior Housing deficit should be
<br /> eliminated with resources provided by the Water and Sewer Fund.
<br /> Enterprise Funds
<br /> Water Fund
<br /> The results of the operations and cash position of the Water Fund the past three years are as follows:
<br /> 1997 1996 1995
<br /> Charges for services $ 63,400 $ 67,421 $ 50,576
<br /> Operating expenses 103,839 68,659 27,985
<br /> Excess charges for services $ (40.439 $ 1.238 $ 22,591
<br /> Cash balance, December 31 $ 458.975 $ 375,754 $ 317,528
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