CCAgenda_05Nov2_wksp - Laserfiche WebLink

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• Fines and Forfeits: We now have five months of court fines totalin $35 014 for 2005 g as compared to $35,499 for 2004 for the same time period. Miscellaneous: Included in the $22,605 total amount for this category interest revenue of $16,810 was earned on the investment balance in the general fund for the first half of 2005. The investment 2005 interest revenue is slightly better than in 2004. There is a TIES payment of $5,000 that in reality is from 2004, because TIES didn't make the final 2004 payment until after the auditor's had audited 2004 books and records and closed out the activity for 2004. Also there was a transfer from infrastructure to the general fund totaling $204,315. SPECIAL REVENUE FUNDS: The Park Programs Fund had total revenue of $15,514 with $15,000 of this being the budgeted operating transfer from the general fund. We deposit the recreation sports program fees in July instead of June to allow for the various cancellations that occur. It is • much easier to give the original check back than it is to issue a refund through the payable system. The Water Fund, and the Solid Waste Fund recorded limited revenue for the first six months. These items appear on the water bill from St Paul Water Utility. Residential customers and commercial customers with water meter lines less that 2" in diameter are billed quarterly. The quarters run Nov-Jan, Feb-Apr, May-July, Aug- Oct. Therefore for these customers, only the revenue for January would show up on the first quarter statistics. Commercial customers with water meter lines 2" or more are billed monthly with the revenue being received with a lag of one month. Therefore only Jan thru April residential and Jan thru May commercial revenue is recorded in the first 6 month's statistics. Also, in the Solid Waste Fund, the SCORE grant reimbursement is not billed until the end of June and December resulting in a lag in the payments being received in July and January of the next year. The Community Development Fund recorded interest of $34. • DEBT SERVICE FUNDS: