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The fund balance of the General fund continues to grow as shown below: <br />Fund <br />Balance <br />Expenditure Beginning Percent <br />Budget Of Year of Budget <br />1990 $2,155,051 $1,030,053 47.8% <br />1991 2,268,639 1,169,624 51.6% <br />1992 2,552,835 1,265,236 49.6% <br />1993 2,829,202 1,406,296 49.7% <br />1994 3,169,862 1,756,659 55.4% <br />1995 3,551,957 1,870,934 52.7% <br />1996 3,966,738 2,086,231 52.6% <br />1997 4,400,087 2,723,025 61.9% <br />The fund balance for the year increased $334,887. <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 />Community Development Block Grant - accounts for expenditures associated with funds <br />allocated through Anoka County from the Federal Government to fund allowable projects. <br />Program Recreation - this fund accounts for the activities of the Recreation Department for <br />self - supporting programs. <br />Debt Service Funds <br />Improvement Bonds - these funds account for debt service payments made on general <br />obligation debt issued for local improvement projects. <br />Certificates of Indebtedness - these funds account for debt service payments made on debt <br />issued to finance capital purchases. These certificates are financed internally. <br />Public Project Revenue Bonds - established to account for debt service payments related to the <br />construction of the City's fire hall. <br />Capital Project Funds <br />Closed Bond Fund - established to account for all excess bond receipts. <br />Dedicated Parks - accounts for revenues and expenditures for the acquisition and construction <br />of park projects. Playground equipment was purchased for City Hall Park, and trails were <br />paved with these funds in 1997. <br />12 <br />