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Purpose <br />General Fund <br />Bonded <br />Debt Funds <br />All Other <br />Funds <br />Total Tax Rate <br />1989* 1988 '_987 1986 1985 19&4 <br />3.90 7.04 7.55 7.72 7•59 7.50 <br />5.10 4.36 3.24 3.16 3.19 3.02 <br />2.10 2.59 3.40 2.68 2.36 2.03 <br />11.10 14.59 14.19 13.56 13.14 12.55 <br />* Mill rate was replaced by State Statute with tax capacity <br />(TCR). <br />SAecial Revenue Funds <br />The Recreation Fund accounts for the revenues and expenditures in <br />the administration, maintenance and participant activities <br />sections of the Parks and Recreation Department. Revenues come <br />from general property taxes and charges for service. This <br />department administers all park and recreation programs, <br />including the golf course and ice arena, and is responsible for <br />' the maintenance in all twenty-four City-owned parks. <br />The Economic Development Fund accounts for the revenue and <br />expenditures used to promote economic development in the City. <br />The Community Development Block Grant Fund accounts for the reve- <br />nues and expenditures associated with the block qrants awarded to <br />the City through Ramsey County. <br />The Charitable Gambling Fund accounts for funds collected by the <br />City from licensed charitable organizations to cover the costs of <br />enforcement of City gambling ordinances. <br />The Local Development Corporation accounts for funds received <br />from block grants and other sources for the special housing needs <br />related to low and moderate income people. <br />� The Telecommunications Fund accounts for the revenues of the <br />cable television franchise fees and the expenditures for communi- <br />cation equipment including cable programing, mobile equipment, <br />and computers. <br />Debt Service Funds <br />These funds are used for the payment of general obligation and <br />tax increment bond principal and interest. Property �axes, <br />assessments to benefited properties, state aid and tax increments <br />provide the necessary revenue. The City has $300,000 in general <br />obligation bonds, $16,875,000 in general obligation improvement <br />bonds, $2,075,000 of general obligation state highway bonds, and <br />$22,420,000 in general obligation tax increment bonds outstandinq <br />at the end of 1989. <br />7 <br />