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<br />IJ <br /> <br />City of Centerville <br />May 4, 2006 <br />Page Nineteen <br /> <br />Capital Projects Funds <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 remaining 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 Balances (Deficits) <br /> December 31, Increase <br />Fund 2005 2004 (Decrease) <br />Nonmajor <br />Park $ 334,937 $ 317,341 $ 17,596 <br />Municipal Street Improvement 99,553 286,369 (186,816) <br />Pedestrian Trail Ways 12,423 12,545 (122) <br />Storm Water 233,802 300,995 (67,193) <br />TIF District 1-4 (5,151) (6,985) 1,834 <br />21 Avenue Improvements <br />Pheasant Marsh 156,470 (156,470) <br />Eagles Pass (phase 2) 55,708 (55,708) <br />Pheasant Marsh (Phase 2) 56,281 (56,281) <br />Pheasant Marsh III 6,076 8,965 (2,889) <br />Peltier Preserve 160,103 (160,103) <br />Hunter's Crossing 54,308 106,573 (52,265) <br />Centerville Town Office Park 8,385 5,024 3,361 <br />Hunter's Crossing 3rd Addition 78 78 <br />Total $ 744,411 $ 1,459,389 $ (714,978) <br /> <br />The City needs to monitor the status of capital projects and ensure that sufficient resources exist for the planned activities of <br />the fund. It appears that there currently is a process in place to close out the projects when they have completed their purpose. <br /> <br />952.835.9090 · Fax 952.835.3261 <br />www.aemcpas.com <br />