1996-07-10 - CC Packet - Laserfiche WebLink

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City of Centerville C1BDO April 11, 1996 ICK O'E Page Five ICiI' CFRTIFlEr Pui A,11°x TINm AND Q111 JLTANIti The fund balances (deficits) of each at year end are as follows: Fund Balance (Deficit) Fund December 31 Cable TV $ 7 916 Recycling (24 673) City Celebration (1 366) Debt Service Funds A comparison of the assets of each fund and the remaining bonds outstanding at year end are as follows: Cash and Investment Total Bonds Fund Balance Assets Outstanding Flood Plains Reduction $(79 372) $ 117 606 $ 275 000 1979 Improvements 14 211 27 162 65 000 1987 Improvements 27 577 74 845 375 000 Municipal Water Improvements (136 619) 7 836 175 000 Centerhill Improvements 93 187 93 187 150 000 Centerhills Second Addition (4 335) (4 335) - 1992 Improvements 228 917 247 934 310 000 1993 Acorn Creek Improvements 269 559 444 826 490 000 Municipal Building 169 704 169 704 411 969 Total JE82L 829 S1 178 765 $2 251 969 Capital Projects Funds The following funds were established to account for the resources used for the acquisition or construction of major capital facilities. The following funds are included in this group of funds: o Flood Plain Reduction - This fund was established with the proceeds of a bond issue. The fund balance in this capital projects fund is $175,561. When the project is completed, the remaining assets should be transferred to the related debt service fund. o Park Fund - The fund balance totaled $64,862 at year end. This money is used for the improvement of parks throughout the City. o Fire Fund - The payments received from the Fire District have been accumulated in this separate fund. The fund balance is $4,446 at year end. o TIF Projects - This fund has been used to accumulate the tax increments collected thru the County. The fund balance at year end was $289,043. 0 1992 Centerhills Third Addition - This fund has a fund balance of $114,859. When the project is complete, the remaining assets should be transferred to the related debt service fund. 0 1993 -2 Acorn Creek - The fund balance at year end was a deficit of $57,546. There are $104,919 in special assessments to be collected.