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<br />r- <br /> <br /> <br />Capital Projects Funds <br /> <br />City of Centerville <br />May 3, 2007 <br />Page Ten <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 (deficit) are included in this group: <br /> <br />Fund <br /> <br />Fund Balances (Deficits) <br />December 31, <br />2006 2005 <br /> <br />Major <br />Park <br />2006 Municipal Improvements <br />Nonmajor <br />Municipal Street Improvement <br />Pedestrian Trail Ways <br />TIF District 1-4 <br />Pheasant Marsh III <br />Hunter's Crossing <br />Centerville Town Office Park <br />Hunter's Crossing 3rd Addition <br /> <br />$ <br /> <br />$ <br /> <br />75,043 <br />90,024 <br /> <br />334,937 <br /> <br />104,434 <br />12,810 <br />15,486 <br />1,800 <br />44,786 <br />8,437 <br />148,641 <br /> <br />99,553 <br />12,423 <br />(5,151) <br />6,076 <br />54,308 <br />8,385 <br />78 <br /> <br />Total <br /> <br />$ <br /> <br />$ <br /> <br />510,609 <br /> <br />501,461 <br /> <br /> Increase <br /> (Decrease) <br />$ (259,894) <br /> 90,024 <br /> 4,881 <br /> 387 <br /> 20,637 <br /> (4,276) <br /> (9,522) <br /> 52 <br /> 148,563 <br />$ 160,722 <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 /> <br />www.aemcpas.com <br />