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• <br /> ' City of Mounds View, Minnesota <br /> Management Report, <br /> p Page 20 <br /> Activity of this fund is as follows: <br /> 111/1 Revenue: <br /> LCMR Grant $ 87,500 <br /> LAWCON Grant 5,000 <br /> Interest on investments 3,995 <br /> Other 315 <br /> Total Revenue 96,810 <br /> Expenditures: <br /> Park improvements 189,558 <br /> Transfers in: <br /> From General Fund 40,000 <br /> From Special Projects Fund 52, 783 <br /> Total transfers 92,783 <br /> Fund Balance at December 31 , 1985 $ 35 <br /> Construction is complete as of December 31, 1985. We recommend that the City close <br /> this fund in 1986. <br /> Special Assessment Funds <br /> 1110 <br /> The Combining Financial Statements for the Special Assessment Funds are presented in <br /> Statements 19 and 20 of the 1985 Annual Financial Report. Special Assessment Funds are <br /> a classification of funds to account for the construction and financing of certain <br /> public improvements deemed to benefit the properties against which special assessments <br /> are levied. It should be noted that the Special Assessment Funds account for both the <br /> construction and the debt service phases of the special assessment process. <br /> The City's financial records maintain the separate accounts of the Special <br /> Assessment Fund as Construction Accounts and Debt Service Accounts, based upon the terms <br /> and requirements of the various bond issues. The following comments relate to the Debt <br /> Service Accounts and Construction Accounts maintained by the City for the Special <br /> Assessment Fund. <br /> 111/1 <br />