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Honorable Mayor and Members of the City Council
<br />City of Link Lakes
<br />Page 18
<br />Iliiwr
<br />CAPITAL PROJECT FUNDS
<br />The financial statements for the capital project funds are presented in Statements 13 and 14 of the
<br />1998 Annual Financial Report. The fund balances (deficits) of the Capital Project Funds at
<br />December 31, 1997 and 1998 are as follows.
<br />Fund
<br />INIM
<br />Capital Improvement Projects
<br />Closed Bond Fund
<br />- Dedicated Parks
<br />Area and Unit Charge
<br />MSA Construction
<br />- Street Reconstruction
<br />Sealcoating
<br />Surface Water Management
<br />- SAC Revolving
<br />Interim Construction
<br />1994 Construction
<br />- 1995 Construction
<br />1996 Construction
<br />1997 Construction
<br />1998 Construction
<br />Apollo Business Park
<br />Apollo Drive Construction
<br />Town Center Project
<br />-
<br />Civic Center Project
<br />Town Center Infrastructure
<br />Tax Increment # 1 -4
<br />Tax Increment # 1 -5
<br />Tax Increment # 1 -6
<br />Tax Increment # 1 -7
<br />Tax Increment # 1 -8
<br />Tax Increment # 1 -9
<br />Tax Increment # 3 -1
<br />Nome
<br />Fund Balance (Deficit)
<br />December 31,
<br />1997 1998
<br />$ (22,358)
<br />1,098,099
<br />309,982
<br />6,515,713
<br />(24,618)
<br />68,643
<br />277,203
<br />1,076,237
<br />551,956
<br />17,370
<br />* (66,298)
<br />8,738
<br />638,519
<br />* (321,817)
<br />(103,010)
<br />480,258
<br />337,336
<br />394,793
<br />(143,878)
<br />630,330
<br />40,992
<br />850
<br />(34,203)
<br />(436,760)
<br />(3,799)
<br />(357,006)
<br />$ 61,528
<br />458,947
<br />293,383
<br />6,923,446
<br />(326,767)
<br />125,710
<br />130,247
<br />1,087,025
<br />347,400
<br />18,350
<br />(134,959)
<br />8,930
<br />654,362
<br />(388,427)
<br />1,205,542
<br />27,159
<br />2,975,730
<br />393,580
<br />93,397
<br />8,825
<br />(34,053)
<br />(470,592)
<br />(4,951)
<br />(6,630)
<br />(357,679)
<br />$ 10,933,272 $ 13,089,503
<br />Increase
<br />(Decrease)
<br />$ 83,886
<br />(639,152)
<br />(16,599)
<br />407,733
<br />(302,149)
<br />57,067
<br />(146,956)
<br />10,788
<br />(204,556)
<br />980
<br />(68,661)
<br />192
<br />15,843
<br />(66,610)
<br />1,308,552
<br />(480,258)
<br />(337,336)
<br />(367,634)
<br />3,119,608
<br />(236,750)
<br />52,405
<br />7,975
<br />150
<br />(33,832)
<br />(1,152)
<br />(6,630)
<br />(673)
<br />$ 2,156,231
<br />- * The funds noted with deficit fund balances will require future funding sources to be identified and
<br />transferred into these funds.
<br />- We recommend that the City close funds once the projects are complete.
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