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Comprehensive Annual Financial Report 12/31/1995
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Comprehensive Annual Financial Report 12/31/1995
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Audit Report 12/31/1995
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Imm <br />MINIM <br />General fund expenditures totaled $3,557,038 in 1995 compared to $3,169,862 in 1994. <br />The breakdown of expenditures is shown in the following table. <br />1995 1994 <br />General government 81,173,047 81,082,796 <br />Public safety 1,265,064 1,127,883 <br />Public works 700,873 554,533 <br />Parks and recreation 418,054 404,650 <br />Total <br />53,557,038 83,169,862 <br />The fund balance of the General fund continues to grow as shown below: <br />Expenditures <br />Fund Balance <br />Beginning Percent <br />of Year of Expenditures <br />1990 82,155,051 81,030,053 47.80% <br />1991 2,268,639 1,169,624 51.56% <br />1992 2,552,835 1,265,236 49.56% <br />1993 2,829,202 1,406,296 49.71% <br />1994 3,169,862 1,756,659 55.42% <br />1995 3,557,038 1,870,934 52.60% <br />Special Revenue Funds <br />Economic Development Authority - this fund accounts for personal expenses of the City <br />Council when acting as the Economic Development Authority. <br />Program Recreation - this fund accounts for the activities of the Recreation Department <br />for self - supporting programs. <br />Debt Service Funds <br />Closed Bond Fund - established to account for all excess bond receipts. <br />Improvement Bonds - these funds account for debt service payments made on general <br />obligation debt issued for local improvement projects. <br />Public Project Revenue Bonds - established to account for debt service payments related <br />to the construction of the City's fire hall. <br />Capital Project Funds <br />— Community Development Block Grant - accounts for expenditures associated with funds <br />allocated through Anoka County from the Federal Government to fund allowable projects. 11 <br />
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