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<br />I <br /> <br />City of Centerville <br />May 4, 2006 <br />Page Eighteen <br /> <br />Nonmajor Special Revenue Funds <br /> <br />Tbese funds are used to account for revenues derived from specific revenue sources that are restricted to expenditures for <br />specific purposes. <br /> <br />The fund balances for 2005 and 2004 are as follows: <br /> <br />Fund <br /> <br /> Fund Balances <br /> December 31, Increase <br /> 2005 2004 (Decrease) <br />$ 16,422 $ 19,643 $ (3,221) <br /> 25,602 25,602 <br />$ 42,024 $ 19,643 $ 22,381 <br /> <br />Nonmajor <br />Cable T.V. <br />Community Development Block Grant <br /> <br />Total <br /> <br />Debt Service Funds <br /> <br />A comparison of the assets of each fund and the remaining bonds outstanding at year end are as follows: <br /> Cash and <br /> Temporary Total Bonds <br />Fund Investments Assets Outstanding <br />Mound Trail $ 21,863 $ 21,901 $ <br />21st Avenue Improvements 39,619 45,912 <br />G.O.lmprovementBonds of2004B 448,987 959,603 2,200,000 <br />Parkview Development 6,096 <br />G.O.lmprovement Bonds of2000 146,406 158,113 90,000 <br />G.O. Improvement Bonds of2001 616,122 617,207 835,000 <br />G.O. Improvement Bonds of2002 838,075 839,551 580,000 <br />G.O. Temporary Improvement Bonds of 2003 635,449 783,345 740,000 <br />G.O. Improvement Bonds of2004A 545,332 755,374 780,000 <br />Joint police Station 2005A 827,750 <br /> $ 3,291,853 $ 4,187,102 $ 6,052,750 <br /> <br />Maturity <br /> <br />2020 <br />2009 <br />2011 <br />2013 <br />2014 <br />2006 <br />2007 <br />2021 <br /> <br />The City currently has cash in excess of bonds outstanding in the G.O. hnprovement Bonds 2002 and 2000 funds. The City <br />has detennined that the call date on these two issues is not until 2008. The City should continue to annually review the cash <br />flow of each debt service fund to determine ifbonds can be prepaid or if cash flow is adequate to meet future needs. In <br />addition, several funds have paid their debt obligation and can be closed to wherever the Council deems appropriate. Tbe <br />Mound Trail, 21 at Avenue Improvements and Parkview Development should be closed by resolution in 2006. <br /> <br />952.835.9090 . Fax 952.835.3261 <br />www.aemcpas.com <br />