2012 04-17 CCP - Laserfiche WebLink

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$550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 YEARLY EXPENDITURE COMPARISION JAN. FEB. MAR. APR, MAY JUN. JUL AUG. SEP. OCT. NOV DEC. 10200702008 ❑ 2009 ■ 2010 0 2011 The only activity the Parks and Playgrounds Fund had during the first quarter was the allocation of interest earnings from the pooled investments fund. The City's maintains three debt funds: the 2004 and 2006 Bonds which were issued for road and sewer improvements and are paid by special assessments and the 2007 Bonds which were issued for the construction of Heritage Hall and are paid through property taxes. There were principal and interest payments totaling $96,539 paid in the 1St quarter. The second half debt payment will be due August 1St. The second half payment will include principal of $30,503 and interest of $24,648 for a total payment of $55,151. The City currently has no active construction funds. The Scheuneman Road Project Fund currently carries a deficit balance that will be satisfied through the receipt of special assessments from property owners over time. This fund is charged interest from the pooled investment fund. The City requested 100% of the turn back monies available for Scheuneman and Hoffman Roads there fore there is a construction fund for Hoffman Road that is accruing interest on the turn back monies until the point in time a project is completed on that section of road. The Improvement Fund was established in 2011 by a transfer from the General Fund for future road improvements that may be financed internally, emerald ash borer treatment and prevention on city rights -of -way and building improvements or replacements at Heritage Hall. There are currently no expenditures budgeted in the Improvement Fund.