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The Community Development Block Grant Fund accounts for the reve- <br />nues and expenditures associated with the block grants 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 £ranchise 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 taxes, <br />assessments to benefited properties, state aid and tax increments <br />provide the necessary revenue. The City has $250,000 in general <br />obligation bonds, $11,870,000 in general obligation improvement <br />bonds, $1,990,000 of general obligation state highway bonds, and <br />$22,020,000 in general obligation tax increment bonds outstanding <br />at the end of 1990. <br />Capital Projects Funds <br />Capital projects <br />resources used for <br />equipment. <br />funds are used to account for financial <br />the acquisition of capital facilities and <br />The Permanent Improvement Fund accounts for expenditures made <br />during the construction, renovation or installation of facilities <br />of a permanent nature. Revenue to finance these improvements <br />came from general property taxes, interest and inter-governmental <br />revenue. Expenditures of $727,857 were made from this fund in <br />1990. <br />The Equipment Fund accounts for the purchase of heavy machinery <br />and other motorized type equipment. Revenue for the fi.nancing of <br />this equipment comes from the user department, interest, inter- <br />governmental revenue, and property tax. 1990 expenditures made <br />from this fund were $435,900. <br />The State Grant Recreation Fund accounts for monies to be used <br />for the acquisition of land and the development of parks. <br />The Minnesota State Aid fund accounts for revenues and <br />expenditures which are to be used for the construction and <br />reconstruction of projects to be funded with State Aid monies. <br />8 <br />