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The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end <br />of the current fiscal year, unassigned fund balance of the General Fund was $1,647,566, while <br />total fund balance reached $1,702,837. As a measure of the General Fund's liquidity, it may be <br />useful to compare both unassigned fund balance and total fund balance to total fund <br />expenditures. Unassigned fund balance represents 30.7% of total General Fund expenditures and <br />total fund balance represents 31.8% of that same amount. <br />During the current fiscal year, the fund balance in the General Fund increased by $78,137. <br />The Street Improvement Debt Service Fund increased by $2,241,362 as debt was refinanced near <br />year end and proceeds were being held for payments of debt in early 2012. <br />The HRA Debt Service Fund increased by $20,261 as annual revenue collected and transfers in <br />was more than annual debt service requirements. <br />The Street Improvement Projects Fund decreased by $1,256,727 substantially due to the payoff <br />of the Fannie Mae debt of $1,250,000. This debt was associated with Apache Plaza area land <br />acquisition associated with the Silver Lake Village Development. <br />The HRA Projects Funds increased by $291,084 to a balance of $776,143. The key factor in the <br />increase was that Tax Increment revenue exceed debt related payment by $322,730. <br />The Storm Water Improvement Fund increased by $17,528 due to charges for services exceeding <br />operating expenses. <br />The 2009 Street Improvement Project Fund decreased by $46,525 as a result of payments to <br />contractors and pending final construction expenses. <br />The 2011 Street Improvement Project Fund increased by $351,212 as a result of bonds issued. <br />Non -major Special Revenue Funds decreased by $57,737 to a balance of ($27,468) due to greater <br />activity in the area of Housing and Redevelopment. <br />Non -major Debt Service Funds had a total fund balance of $1,386,671, all of which is reserved <br />for the payment of debt service. The net increase in fund balance during the current year in the <br />non -major debt service funds was $344,711, of which $211,695 represents the addition of the <br />2011 Street Bond Fund. <br />Non -major Capital Project Funds had a total fund balance of ($25,791), a decrease of $131,691 <br />20 <br />