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NONMAJOR DEBT SERVICE FUNDS <br />The City's Debt Service Funds are used to account for the accumulation of <br />resources for, and payment of, interest, principal and related costs of long -tern <br />debt other than proprietary fund debt. The City of St. Anthony, Minnesota had <br />the following nonmajor Debt Service Funds during the year. <br />Storm Water Fund was established to account for the debt service associated with <br />100 -Year Flood Protection and infrastructure improvements. <br />State Aid Street Fund accounts for debt service for road construction projects of <br />high traffic roads in the Village. Funding is provided by the State of Minnesota - <br />State Aid. <br />Tax Abatement Fund was established to account for debt service payments <br />associated with the Central Park Improvement project. <br />Equipment Certificates Fund was established for major capital equipment <br />purchases. Current debt was for the purchase of a new fire truck. <br />Silver Lake Road Bond Fund was established to account for the debt service <br />associated with the reconstruction and infrastructure improvements of Silver Lake <br />Road. <br />103 <br />