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<br />t .
<br />
<br />
<br />Capital Projects Funds
<br />
<br />City of Centerville
<br />February 6, 2003
<br />Page Nine
<br />
<br />The following funds were established to account for the resources used for the acquisition or construction of major capital
<br />facilities. As projects are completed, any remain",g funds should be transferred to their funding source. The following funds
<br />along with their fund balance or deficit are included in this group:
<br />
<br />Fund
<br />
<br />Park
<br />Fire
<br />TIF Projects
<br />Pedestrian Trail ways
<br />Storm Water
<br />Eagle Pass Addition
<br />Lakeland Hills
<br />TIF District 1-4
<br />TIF District 1-5
<br />Parkview Development
<br />Willow Glen Development
<br />Woods of Clearwater Creek
<br />21 It Avenue Improvements
<br />Center Villa
<br />Buechler Estates
<br />Deer Pass
<br />Royal Industrial Park
<br />Public Works Building
<br />Lift Station #2 Renovation
<br />Hunter's Crossing
<br />Downtown Revitalization
<br />Pheasant Marsh
<br />The Shores
<br />Economic Development Commission
<br />Eagle Pass (phase 2)
<br />Pheasant Marsh (phase 2)
<br />
<br />Total
<br />
<br />Fund Balance (Deficit)
<br />2002 2001
<br />
<br />$
<br />
<br />93,329 $
<br />
<br />141,633
<br />12,500
<br />306,744
<br />
<br />625 $
<br />5,853
<br />139,520
<br />(352 )
<br />188,826
<br />(11,152)
<br />(45,898)
<br />(2,550 )
<br />(6,233)
<br />43,811
<br />10,579
<br />25,121
<br />(8,467)
<br />(40,553 )
<br />1,943
<br />(3,599)
<br />(90,186)
<br />(6,029)
<br />(159,422 )
<br />64,702
<br />(8,560 )
<br />413,548
<br />(1,018)
<br />(1,521 )
<br />
<br />508.988 $
<br />
<br />Increase
<br />(Pecrease )
<br />
<br />92,704
<br />(5,853 )
<br />2,113
<br />12,852
<br />117,918
<br />11,152
<br />45,898
<br />(1,870)
<br />6,233
<br />(43,811 )
<br />(10,579)
<br />(25,121 )
<br />(2,554 )
<br />40,553
<br />(1,943 )
<br />3,599
<br />90,186
<br />6,029
<br />159,422
<br />(18,461 )
<br />
<br />(215,289)
<br />1,018
<br />1,521
<br />61,282
<br />134.602
<br />
<br />461.601
<br />
<br />Our prior years' management letter discussed the need for better organization and monitoring of project data. The City has
<br />done thorough research of all projects and provided financing for all funds in deficit There are now systems in place to
<br />monitor projects appropriately.
<br />
<br />According to the checklist maintained for the Pheasant Marsh Phase 2, the City does not have a signed development
<br />agreement in place and the project is near completion. The financial security for the project is not complete without a signed
<br />agreement in place. The City needs to ensure that open items on their checklists are reported on and remedied in a timely
<br />manner.
<br />
<br />(4,420)
<br />
<br />(11,021 )
<br />
<br />46,241
<br />(8,560 )
<br />198,259
<br />
<br />61,282
<br />134.602
<br />
<br />$
<br />
<br />970.589 $
<br />
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