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CITY OF ST. ANTHONY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2013 The City reports the following major governmental funds: The General Fund is the government's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Street Improvement Debt Service Fund was established to account for debt associated with a systematic plan to reconstruct substandard residential streets and alleys. Annual debt service payments are funded through special assessments and tax levies. The HRA Debt Service Fund was established to account for debt associated with Tax Increment Financing Districts of the City. The Street Improvement Projects Fund was established to account for the construction costs for annual road reconstruction projects. The HRA Projects Fund was established to account for the construction and redevelopment costs within the City. The 2012 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Belden Drive and Coolidge Street between 34 1h and 36`" Avenues, 35" Avenue between Belden Drive and Harding Street and miscellaneous sanitary sewer and stormwater repairs. The 2013 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Edward Street between 35th and 36th Avenues along with 36th Avenue between Roosevelt Street and Silver Lake Road. The 2014 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Penrod Lane between 36t' and 37" Avenues, Chelmsford Road between 36`h and 36" Avenues, Edgmere Avenue between Penrod Lane and Chelmsford Road, and Wenhurst Avenue between Pernod Lane and Chelmsford Road. The City reports the following major proprietary funds: The Liquor Fund is an enterprise fund that is used to account for operations of the City's off -sale liquor operation. The Water and Sewer Fund accounts for the water and sewer service charges which are used to finance the water and sewer system operating expenses, and the operation and maintenance of the City's water purification plant. Additionally, the City reports the following fund types: Internal Service Fund - the Severance Fund accounts for the liability the City has for employee vacation and severance payments. Agency Fund - the Developer Deposits Fund accounts for costs incurred by the City for the review of various land use permits requested by developers and subsequent owners. The City requires the developer or owner to pay the costs associated with the permitting process. The City collects an initial deposit and bills any overages as needed. 43